Rogers Corporation (ROG) Holdings Reduced by Dupont Capital Management Corp
Dupont Capital Management Corp lowered its position in Rogers Corporation (NYSE:ROG) by 24.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,030 shares of the electronics maker’s stock after selling 2,959 shares during the quarter. Dupont Capital Management Corp’s holdings in Rogers Corporation were worth $1,204,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its position in shares of Rogers Corporation by 84.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 6,267 shares of the electronics maker’s stock worth $538,000 after purchasing an additional 2,867 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Rogers Corporation in the 1st quarter worth about $106,000. OppenheimerFunds Inc. increased its position in shares of Rogers Corporation by 21.4% in the 1st quarter. OppenheimerFunds Inc. now owns 6,297 shares of the electronics maker’s stock worth $540,000 after purchasing an additional 1,111 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Rogers Corporation by 322.9% in the 1st quarter. Teachers Advisors LLC now owns 153,175 shares of the electronics maker’s stock worth $13,153,000 after purchasing an additional 116,956 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Rogers Corporation by 7.4% in the 1st quarter. California Public Employees Retirement System now owns 33,200 shares of the electronics maker’s stock worth $2,851,000 after purchasing an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 93.41% of the company’s stock.
ROG has been the subject of several research analyst reports. BidaskClub downgraded shares of Rogers Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. B. Riley reissued a “buy” rating and issued a $120.00 target price on shares of Rogers Corporation in a research report on Monday, July 31st. Needham & Company LLC reissued a “buy” rating and issued a $135.00 target price (up previously from $115.00) on shares of Rogers Corporation in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research raised shares of Rogers Corporation from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Friday, August 18th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Rogers Corporation currently has an average rating of “Buy” and an average target price of $160.25.
In related news, SVP Robert C. Daigle sold 208 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce D. Hoechner sold 23,200 shares of the business’s stock in a transaction dated 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. In the last ninety days, insiders have sold 35,981 shares of company stock valued at $4,644,611. Insiders own 1.50% of the company’s stock.
Shares of Rogers Corporation (NYSE ROG) opened at $150.22 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.74 and a current ratio of 3.74. Rogers Corporation has a 1 year low of $67.60 and a 1 year high of $154.00. The firm has a market cap of $2,782.20, a PE ratio of 28.45 and a beta of 1.14.
Rogers Corporation (NYSE:ROG) last announced its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.15. Rogers Corporation had a net margin of 10.88% and a return on equity of 14.22%. The business had revenue of $206.80 million during the quarter, compared to the consensus estimate of $198.16 million. During the same quarter in the prior year, the firm earned $0.86 EPS. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. research analysts expect that Rogers Corporation will post 5.85 earnings per share for the current year.
Rogers Corporation 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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