Deutsche Bank AG Has $3.77 Million Stock Holdings in Rogers Co. (NYSE:ROG)

Deutsche Bank AG lifted its holdings in shares of Rogers Co. (NYSE:ROG) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,093 shares of the electronics maker’s stock after buying an additional 4,279 shares during the period. Deutsche Bank AG owned about 0.20% of Rogers worth $3,769,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ROG. Vanguard Group Inc. lifted its holdings in Rogers by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker’s stock valued at $239,125,000 after buying an additional 40,835 shares during the period. Norges Bank purchased a new position in Rogers in the fourth quarter valued at about $113,725,000. Neuberger Berman Group LLC boosted its stake in Rogers by 35.6% in the fourth quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker’s stock valued at $98,828,000 after acquiring an additional 255,423 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Rogers by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 874,139 shares of the electronics maker’s stock valued at $88,823,000 after acquiring an additional 50,708 shares during the last quarter. Finally, Nuance Investments LLC boosted its stake in Rogers by 26.6% in the fourth quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker’s stock valued at $82,312,000 after acquiring an additional 170,145 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rogers

In other news, VP Griffin Melaney Gappert sold 756 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $62.55, for a total value of $47,287.80. Following the sale, the vice president now directly owns 4,484 shares of the company’s stock, valued at $280,474.20. This represents a 14.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.35% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ROG has been the topic of a number of analyst reports. CL King started coverage on shares of Rogers in a report on Monday, March 31st. They set a “buy” rating and a $85.00 target price on the stock. B. Riley increased their price target on shares of Rogers from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th.

Rogers Trading Down 0.1%

Shares of NYSE ROG opened at $68.44 on Wednesday. Rogers Co. has a 12-month low of $51.43 and a 12-month high of $134.07. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 48.54 and a beta of 0.41. The firm has a 50 day moving average of $64.29 and a 200 day moving average of $85.24.

Rogers (NYSE:ROG) last released its earnings results on Tuesday, April 29th. The electronics maker reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The firm had revenue of $190.50 million for the quarter, compared to the consensus estimate of $187.50 million. Sell-side analysts predict that Rogers Co. will post 3.57 EPS for the current year.

About Rogers

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.