Rogers Co. (NYSE:ROG) Holdings Increased by US Bancorp DE

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US Bancorp DE boosted its stake in shares of Rogers Co. (NYSE:ROG) by 6.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,501 shares of the electronics maker’s stock after purchasing an additional 153 shares during the quarter. US Bancorp DE’s holdings in Rogers were worth $397,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ROG. Garrison Point Advisors LLC bought a new stake in shares of Rogers in the 1st quarter valued at approximately $238,000. Oregon Public Employees Retirement Fund grew its stake in shares of Rogers by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 7,122 shares of the electronics maker’s stock valued at $1,132,000 after buying an additional 129 shares in the last quarter. Mason Street Advisors LLC grew its stake in shares of Rogers by 3.7% in the 1st quarter. Mason Street Advisors LLC now owns 5,922 shares of the electronics maker’s stock valued at $941,000 after buying an additional 211 shares in the last quarter. Parametrica Management Ltd bought a new stake in shares of Rogers in the 1st quarter valued at approximately $263,000. Finally, Frontier Capital Management Co. LLC grew its stake in shares of Rogers by 11.1% in the 1st quarter. Frontier Capital Management Co. LLC now owns 331,316 shares of the electronics maker’s stock valued at $52,639,000 after buying an additional 33,162 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

In other Rogers news, VP Marc J. Beulque sold 209 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $193.00, for a total transaction of $40,337.00. Following the completion of the sale, the vice president now owns 2,225 shares of the company’s stock, valued at $429,425. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce D. Hoechner sold 3,300 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $170.05, for a total value of $561,165.00. Following the transaction, the insider now owns 67,972 shares of the company’s stock, valued at $11,558,638.60. The disclosure for this sale can be found here. Insiders have sold 18,003 shares of company stock valued at $3,346,540 in the last ninety days. Company insiders own 1.09% of the company’s stock.

Several brokerages recently commented on ROG. ValuEngine raised Rogers from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Stifel Nicolaus started coverage on Rogers in a research report on Thursday, May 30th. They set a “buy” rating and a $200.00 target price for the company. B. Riley upped their target price on Rogers from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $155.00 target price on shares of Rogers in a research report on Thursday, February 21st. Finally, Zacks Investment Research raised Rogers from a “hold” rating to a “buy” rating and set a $214.00 target price for the company in a research report on Friday, May 3rd. Six investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $190.80.

Rogers stock traded down $4.34 during trading hours on Friday, reaching $153.32. 7,630 shares of the company were exchanged, compared to its average volume of 304,875. The stock has a market capitalization of $2.86 billion, a P/E ratio of 26.80 and a beta of 2.12. The company has a quick ratio of 3.42, a current ratio of 4.65 and a debt-to-equity ratio of 0.26. Rogers Co. has a 12 month low of $89.21 and a 12 month high of $206.43.

Rogers (NYSE:ROG) last announced its earnings results on Tuesday, April 30th. The electronics maker reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.53. The firm had revenue of $239.80 million during the quarter, compared to analysts’ expectations of $226.25 million. Rogers had a return on equity of 13.71% and a net margin of 9.94%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. Sell-side analysts anticipate that Rogers Co. will post 6.64 earnings per share for the current year.

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Rogers Company Profile

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names.

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Want to see what other hedge funds are holding ROG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rogers Co. (NYSE:ROG).

Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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