Front Street Capital Management Inc. cut its position in shares of Rogers Corporation (NYSE:ROG) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,372 shares of the electronics maker’s stock after selling 1,168 shares during the period. Rogers Corporation accounts for approximately 7.2% of Front Street Capital Management Inc.’s holdings, making the stock its 3rd largest position. Front Street Capital Management Inc. owned approximately 0.94% of Rogers Corporation worth $18,614,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ROG. Teachers Advisors LLC raised its position in shares of Rogers Corporation by 20.1% in the fourth quarter. Teachers Advisors LLC now owns 36,219 shares of the electronics maker’s stock worth $2,782,000 after buying an additional 6,061 shares in the last quarter. Bank of Montreal Can raised its position in shares of Rogers Corporation by 1,165.4% in the first quarter. Bank of Montreal Can now owns 53,881 shares of the electronics maker’s stock worth $4,627,000 after buying an additional 49,623 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Rogers Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the electronics maker’s stock worth $627,000 after buying an additional 100 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Rogers Corporation by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 1,990 shares of the electronics maker’s stock worth $170,000 after buying an additional 40 shares in the last quarter. Finally, First Quadrant L P CA raised its position in shares of Rogers Corporation by 905.7% in the first quarter. First Quadrant L P CA now owns 14,995 shares of the electronics maker’s stock worth $1,288,000 after buying an additional 13,504 shares in the last quarter. 93.40% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Corporation (NYSE ROG) traded up 0.436% on Wednesday, reaching $116.225. 20,324 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $115.66 and a 200-day moving average of $100.26. Rogers Corporation has a 12-month low of $51.98 and a 12-month high of $123.38. The company has a market cap of $2.11 billion, a P/E ratio of 28.026 and a beta of 1.16.

Rogers Corporation (NYSE:ROG) last released its earnings results on Monday, July 31st. The electronics maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.13. The business had revenue of $201.40 million for the quarter, compared to the consensus estimate of $195.60 million. Rogers Corporation had a net margin of 10.21% and a return on equity of 13.28%. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. Equities analysts expect that Rogers Corporation will post $5.55 EPS for the current fiscal year.

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A number of research analysts recently weighed in on ROG shares. Zacks Investment Research raised shares of Rogers Corporation from a “hold” rating to a “strong-buy” rating and set a $122.00 price target on the stock in a research note on Wednesday, May 3rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Rogers Corporation in a research note on Tuesday, May 23rd. BidaskClub lowered shares of Rogers Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Sidoti reissued a “buy” rating and issued a $125.00 target price (up from $120.00) on shares of Rogers Corporation in a research note on Monday, June 19th. Finally, B. Riley reissued a “buy” rating and issued a $120.00 target price on shares of Rogers Corporation in a research note on Monday, July 31st. Eight investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $134.25.

In other news, SVP Robert C. Daigle sold 4,485 shares of Rogers Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $121.52, for a total value of $545,017.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Keith Barnes sold 850 shares of Rogers Corporation stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $111.19, for a total transaction of $94,511.50. Following the completion of the transaction, the director now directly owns 2,850 shares in the company, valued at $316,891.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,877 shares of company stock worth $1,606,385. 1.50% of the stock is currently owned by insiders.

About Rogers Corporation

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.

Institutional Ownership by Quarter for Rogers Corporation (NYSE:ROG)

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