Alliancebernstein L.P. reduced its stake in Rogers Corporation (NYSE:ROG) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,453 shares of the electronics maker’s stock after selling 2,100 shares during the period. Alliancebernstein L.P. owned 0.15% of Rogers Corporation worth $2,873,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Alps Advisors Inc. boosted its position in shares of Rogers Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,891 shares of the electronics maker’s stock worth $640,000 after purchasing an additional 16 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Rogers Corporation by 0.7% in the 1st quarter. HighTower Advisors LLC now owns 5,842 shares of the electronics maker’s stock worth $502,000 after purchasing an additional 42 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in 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 worth $353,000 after acquiring an additional 50 shares in the last quarter. Clinton Group Inc. lifted its holdings in Rogers Corporation by 1.7% during the first quarter. Clinton Group Inc. now owns 2,992 shares of the electronics maker’s stock worth $257,000 after acquiring an additional 51 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in 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 worth $804,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 92.89% of the company’s stock.

In other Rogers Corporation news, SVP Robert C. Daigle sold 208 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $135.86, for a total transaction of $28,258.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bruce D. Hoechner sold 23,200 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $133.23, for a total transaction of $3,090,936.00. The disclosure for this sale can be found here. Insiders have sold 40,466 shares of company stock worth $5,189,628 in the last ninety days. Insiders own 1.50% of the company’s stock.

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Rogers Corporation (ROG) opened at 136.92 on Wednesday. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 33.02 and a beta of 1.16. The firm’s 50-day moving average price is $125.45 and its 200 day moving average price is $110.39. Rogers Corporation has a 12-month low of $51.98 and a 12-month high of $138.32.

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

Several research analysts have weighed in on ROG shares. BidaskClub lowered Rogers Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Sidoti reiterated a “buy” rating and set a $125.00 target price (up from $120.00) on shares of Rogers Corporation in a report on Monday, June 19th. B. Riley reiterated a “buy” rating and set a $120.00 target price on shares of Rogers Corporation in a report on Monday, July 31st. Needham & Company LLC reiterated a “buy” rating and set a $135.00 target price (up from $115.00) on shares of Rogers Corporation in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Rogers Corporation from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Friday, August 18th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $134.25.

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

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