Rogers Corporation (ROG) Shares Bought by Sei Investments Co.
Sei Investments Co. lifted its holdings in shares of Rogers Corporation (NYSE:ROG) by 192.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,641 shares of the electronics maker’s stock after purchasing an additional 28,738 shares during the period. Sei Investments Co. owned 0.24% of Rogers worth $5,816,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Rogers by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,636,085 shares of the electronics maker’s stock valued at $177,712,000 after purchasing an additional 82,322 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Rogers by 1.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,533,535 shares of the electronics maker’s stock valued at $166,573,000 after purchasing an additional 28,911 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Rogers by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,049,565 shares of the electronics maker’s stock valued at $114,004,000 after purchasing an additional 5,406 shares in the last quarter. Northern Trust Corp boosted its position in shares of Rogers by 3.4% during the 2nd quarter. Northern Trust Corp now owns 618,786 shares of the electronics maker’s stock valued at $67,212,000 after purchasing an additional 20,253 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its position in shares of Rogers by 41.2% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 451,983 shares of the electronics maker’s stock valued at $60,240,000 after purchasing an additional 131,853 shares in the last quarter. Institutional investors own 90.56% of the company’s stock.
In related news, SVP Robert C. Daigle sold 2,074 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $125.02, for a total transaction of $259,291.48. Following the transaction, the senior vice president now directly owns 25,565 shares of the company’s stock, valued at approximately $3,196,136.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jeffrey M. Grudzien sold 1,888 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $158.27, for a total value of $298,813.76. Following the transaction, the senior vice president now directly owns 24,192 shares in the company, valued at $3,828,867.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,327 shares of company stock worth $4,191,128. 1.50% of the stock is owned by company insiders.
Rogers Corporation (ROG) traded up $1.99 during mid-day trading on Friday, reaching $165.03. The company had a trading volume of 69,793 shares, compared to its average volume of 222,494. Rogers Corporation has a fifty-two week low of $72.13 and a fifty-two week high of $168.07. The company has a current ratio of 3.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.18. The firm has a market cap of $3,010.81, a P/E ratio of 30.79 and a beta of 1.14.
Rogers (NYSE:ROG) last posted its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.15. Rogers had a return on equity of 14.22% and a net margin of 10.88%. The business had revenue of $206.80 million for the quarter, compared to the consensus estimate of $198.16 million. During the same period in the prior year, the business earned $0.86 EPS. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. equities analysts predict that Rogers Corporation will post 5.85 EPS for the current year.
Several brokerages recently commented on ROG. B. Riley upped their target price on Rogers from $147.00 to $180.00 and gave the company a “buy” rating in a research report on Sunday, November 5th. Needham & Company LLC restated a “buy” rating and set a $165.00 target price on shares of Rogers in a research report on Friday, November 3rd. Zacks Investment Research upgraded Rogers from a “hold” rating to a “strong-buy” rating and set a $171.00 target price on the stock in a research report on Wednesday, November 8th. Finally, BidaskClub upgraded Rogers from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $160.25.
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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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