Bank of New York Mellon Corp Raises Holdings in Rogers Corporation $ROG

Bank of New York Mellon Corp increased its stake in Rogers Corporation by 6.3% during the 2nd quarter, owning 116,439 shares worth $7,974,000. Other institutional investors also adjusted their positions in ROG. Rogers' stock opened at $75.37 on Friday, with a market cap of $1.36 billion. The company reported Q3 earnings of $0.90 per share, beating estimates. Analysts have mixed ratings on the stock, with an average target price of $85.00.

Bank of New York Mellon Corp increased its stake in Rogers Corporation (NYSE:ROG - Free Report) by 6.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,439 shares of the electronics maker's stock after purchasing an additional 6,894 shares during the quarter. Bank of New York Mellon Corp owned 0.63% of Rogers worth $7,974,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROG. Bank of Montreal Can bought a new position in shares of Rogers during the 2nd quarter valued at approximately $327,000. Y Intercept Hong Kong Ltd lifted its stake in shares of Rogers by 213.1% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 9,398 shares of the electronics maker's stock valued at $644,000 after buying an additional 6,396 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Rogers by 5.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,229 shares of the electronics maker's stock valued at $564,000 after buying an additional 411 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Rogers by 14.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,654 shares of the electronics maker's stock worth $319,000 after buying an additional 573 shares in the last quarter. Finally, Leeward Investments LLC MA lifted its position in shares of Rogers by 19.9% in the second quarter. Leeward Investments LLC MA now owns 123,448 shares of the electronics maker's stock valued at $8,454,000 after acquiring an additional 20,526 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Activity

In related news, SVP Brian Keith Larabee sold 775 shares of the company's stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $85.87, for a total transaction of $66,549.25. Following the transaction, the senior vice president directly owned 4,462 shares of the company's stock, valued at $383,151.94. This represents a 14.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.85% of the company's stock.

Rogers Trading Down 2.3%

NYSE ROG opened at $75.37 on Friday. The stock has a market cap of $1.36 billion, a PE ratio of -20.76 and a beta of 0.55. Rogers Corporation has a 12 month low of $51.43 and a 12 month high of $111.39. The company's 50-day moving average price is $82.73 and its 200-day moving average price is $74.87.

Rogers (NYSE:ROG - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $0.90 EPS for the quarter, topping the consensus estimate of $0.70 by $0.20. Rogers had a positive return on equity of 2.90% and a negative net margin of 8.35%.The company had revenue of $216.00 million for the quarter, compared to the consensus estimate of $207.53 million. Rogers has set its Q4 2025 guidance at 0.400-0.800 EPS. As a group, sell-side analysts forecast that Rogers Corporation will post 3.57 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ROG. Wall Street Zen upgraded shares of Rogers from a "hold" rating to a "buy" rating in a research report on Saturday, November 1st. B. Riley reissued a "buy" rating on shares of Rogers in a report on Thursday, October 30th. Weiss Ratings restated a "sell (d)" rating on shares of Rogers in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Rogers from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $85.00.

Get Our Latest Stock Analysis on ROG

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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