Robert C. Daigle Sells 2,074 Shares of Rogers Corporation (ROG) Stock
Rogers Corporation (NYSE:ROG) SVP Robert C. Daigle sold 2,074 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $125.02, for a total transaction of $259,291.48. Following the completion of the sale, the senior vice president now directly owns 25,565 shares in the company, valued at approximately $3,196,136.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Robert C. Daigle also recently made the following trade(s):
- On Tuesday, August 1st, Robert C. Daigle sold 4,485 shares of Rogers Corporation stock. The stock was sold at an average price of $121.52, for a total transaction of $545,017.20.
Shares of Rogers Corporation (ROG) opened at 126.17 on Friday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 30.42 and a beta of 1.15. Rogers Corporation has a one year low of $51.98 and a one year high of $126.50. The firm’s 50-day moving average is $118.26 and its 200-day moving average is $104.08.
Rogers Corporation (NYSE:ROG) last released its earnings results on Monday, July 31st. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.13. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The firm had revenue of $201.40 million for the quarter, compared to analysts’ expectations of $195.60 million. During the same quarter in the previous year, the business posted $0.88 earnings per share. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. Analysts expect that Rogers Corporation will post $5.55 EPS for the current fiscal year.
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A number of equities research analysts have commented on ROG shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Rogers Corporation in a report on Tuesday, May 23rd. BidaskClub raised shares of Rogers Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. B. Riley reissued a “buy” rating and set a $147.00 price objective on shares of Rogers Corporation in a report on Tuesday, August 15th. Needham & Company LLC reissued a “buy” rating and set a $135.00 price objective (up previously from $115.00) on shares of Rogers Corporation in a report on Wednesday, August 2nd. Finally, Sidoti reissued a “buy” rating and set a $125.00 price objective (up previously from $120.00) on shares of Rogers Corporation in a report on Monday, June 19th. Eight equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $134.25.
Several large investors have recently added to or reduced their stakes in ROG. Teachers Advisors LLC grew its holdings in shares of Rogers Corporation by 20.1% during the fourth quarter. Teachers Advisors LLC now owns 36,219 shares of the electronics maker’s stock worth $2,782,000 after purchasing an additional 6,061 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Rogers Corporation by 40.6% during the first quarter. Russell Investments Group Ltd. now owns 14,200 shares of the electronics maker’s stock worth $1,219,000 after purchasing an additional 4,102 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Rogers Corporation by 5.0% during the first quarter. Wells Fargo & Company MN now owns 81,816 shares of the electronics maker’s stock worth $7,026,000 after purchasing an additional 3,876 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Rogers Corporation by 7.2% during the first quarter. Great West Life Assurance Co. Can now owns 25,805 shares of the electronics maker’s stock worth $2,216,000 after purchasing an additional 1,736 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of Rogers Corporation during the first quarter worth about $2,514,000. Institutional investors own 93.42% of the company’s stock.
Rogers Corporation Company Profile
Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.
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