Commerce Bank raised its stake in Rogers Co. (NYSE:ROG) by 57.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,688 shares of the electronics maker’s stock after buying an additional 1,344 shares during the quarter. Commerce Bank’s holdings in Rogers were worth $544,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ROG. Raymond James Trust N.A. acquired a new position in shares of Rogers in the 3rd quarter valued at $204,000. Global X Management Co LLC acquired a new position in shares of Rogers in the 2nd quarter valued at $217,000. WealthTrust Axiom LLC acquired a new position in shares of Rogers in the 3rd quarter valued at $220,000. WINTON GROUP Ltd acquired a new position in shares of Rogers in the 2nd quarter valued at $226,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Rogers in the 3rd quarter valued at $237,000. Institutional investors own 94.58% of the company’s stock.

In related news, SVP Jay B. Knoll sold 1,250 shares of the stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $151.58, for a total transaction of $189,475.00. Following the transaction, the senior vice president now owns 7,007 shares of the company’s stock, valued at approximately $1,062,121.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jeffrey M. Grudzien sold 1,751 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $131.11, for a total value of $229,573.61. Following the transaction, the senior vice president now directly owns 22,992 shares in the company, valued at approximately $3,014,481.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,712 shares of company stock worth $3,176,122. 1.50% of the stock is owned by corporate insiders.

ROG opened at $119.90 on Monday. Rogers Co. has a 12-month low of $105.60 and a 12-month high of $184.00. The company has a current ratio of 4.39, a quick ratio of 3.22 and a debt-to-equity ratio of 0.29. The stock has a market cap of $2.23 billion, a P/E ratio of 20.82 and a beta of 1.66.

Rogers (NYSE:ROG) last posted its earnings results on Thursday, November 1st. The electronics maker reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.11. Rogers had a return on equity of 12.78% and a net margin of 8.11%. The firm had revenue of $226.90 million for the quarter, compared to analyst estimates of $224.89 million. During the same quarter in the prior year, the company earned $1.41 EPS. Rogers’s revenue was up 9.7% on a year-over-year basis. Equities analysts forecast that Rogers Co. will post 5.36 earnings per share for the current year.

Several equities analysts have recently commented on ROG shares. Zacks Investment Research raised Rogers from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. B. Riley upped their price target on Rogers from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 18th. Sidoti reaffirmed a “buy” rating and issued a $175.00 price target on shares of Rogers in a research note on Thursday, September 6th. Finally, ValuEngine lowered Rogers from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Rogers currently has a consensus rating of “Hold” and an average target price of $176.67.

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Rogers Company Profile

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The company's Advanced Connectivity Solutions segment offers circuit materials and solutions for connectivity applications in wireless communications infrastructure, automotive, connected devices, wired infrastructure, consumer electronics, and aerospace/defense.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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