PNC Financial Services Group Inc. Sells 310 Shares of Rogers Co. (NYSE:ROG)

PNC Financial Services Group Inc. lowered its position in Rogers Co. (NYSE:ROGFree Report) by 10.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,556 shares of the electronics maker’s stock after selling 310 shares during the period. PNC Financial Services Group Inc.’s holdings in Rogers were worth $338,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in Rogers in the 4th quarter worth $654,000. Norges Bank bought a new position in Rogers in the 4th quarter worth $197,159,000. Great Lakes Advisors LLC bought a new position in Rogers in the 4th quarter worth $222,000. Trillium Asset Management LLC boosted its holdings in Rogers by 5.8% in the 4th quarter. Trillium Asset Management LLC now owns 76,614 shares of the electronics maker’s stock worth $10,118,000 after buying an additional 4,234 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in Rogers in the 4th quarter worth $470,000. Institutional investors own 96.02% of the company’s stock.

Rogers Stock Up 1.3 %

Shares of ROG stock opened at $116.40 on Wednesday. The stock has a market cap of $2.17 billion, a P/E ratio of 31.98 and a beta of 0.61. Rogers Co. has a 52 week low of $105.48 and a 52 week high of $173.16. The company’s fifty day simple moving average is $116.39 and its two-hundred day simple moving average is $120.13.

Rogers (NYSE:ROGGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The electronics maker reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. The business had revenue of $213.40 million for the quarter, compared to analysts’ expectations of $210.00 million. Rogers had a net margin of 7.73% and a return on equity of 5.30%. On average, analysts anticipate that Rogers Co. will post 3.07 EPS for the current fiscal year.

Rogers Profile

(Free Report)

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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