Teachers Retirement System of The State of Kentucky reduced its position in Rogers Corporation (NYSE:ROG) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,432 shares of the electronics maker’s stock after selling 625 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.13% of Rogers Corporation worth $2,545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROG. Alps Advisors Inc. raised its position in shares of Rogers Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,891 shares of the electronics maker’s stock worth $640,000 after acquiring an additional 16 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Rogers Corporation by 0.7% during the first quarter. HighTower Advisors LLC now owns 5,842 shares of the electronics maker’s stock valued at $502,000 after acquiring an additional 42 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in shares of Rogers Corporation by 1.2% during the first quarter. Municipal Employees Retirement System of Michigan now owns 4,110 shares of the electronics maker’s stock valued at $353,000 after acquiring an additional 50 shares during the period. Clinton Group Inc. lifted its stake in shares of Rogers Corporation by 1.7% during the first quarter. Clinton Group Inc. now owns 2,992 shares of the electronics maker’s stock valued at $257,000 after acquiring an additional 51 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in shares of Rogers Corporation by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the electronics maker’s stock valued at $804,000 after acquiring an additional 100 shares during the period. 92.89% of the stock is owned by institutional investors.

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ROG has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $135.00 price target (up previously from $115.00) on shares of Rogers Corporation in a report on Wednesday, August 2nd. 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. BidaskClub downgraded shares of Rogers Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Sidoti restated a “buy” rating and set a $125.00 target price (up from $120.00) on shares of Rogers Corporation in a research report on Monday, June 19th. Finally, Zacks Investment Research upgraded shares of Rogers Corporation from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Friday, August 18th. Eight analysts have rated the stock with a buy rating, Rogers Corporation presently has an average rating of “Buy” and a consensus target price of $134.25.

In related news, Director Carol R. Jensen sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $115.79, for a total value of $405,265.00. Following the sale, the director now directly owns 10,088 shares in the company, valued at $1,168,089.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert C. Daigle sold 454 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $130.61, for a total value of $59,296.94. Following the completion of the sale, the senior vice president now owns 22,452 shares in the company, valued at $2,932,455.72. The disclosure for this sale can be found here. In the last three months, insiders sold 15,292 shares of company stock valued at $1,835,484. Insiders own 1.50% of the company’s stock.

Rogers Corporation (NYSE:ROG) opened at 133.28 on Monday. The stock has a 50 day moving average price of $118.88 and a 200-day moving average price of $105.01. The firm has a market cap of $2.42 billion, a P/E ratio of 32.14 and a beta of 1.16. Rogers Corporation has a 1-year low of $51.98 and a 1-year high of $133.85.

Rogers Corporation (NYSE:ROG) last released its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.33 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $195.60 million. During the same quarter in the previous year, the company posted $0.88 EPS. The business’s revenue was up 27.9% on a year-over-year basis. Equities research analysts forecast that Rogers Corporation will post $5.55 EPS for the current year.

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.

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

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