Oppenheimer Asset Management Inc. raised its position in Rogers Co. (NYSE:ROG) by 178.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 782 shares of the electronics maker’s stock after buying an additional 501 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Rogers were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROG. Rothschild Asset Management Inc. purchased a new stake in Rogers in the third quarter valued at approximately $22,261,000. Cortina Asset Management LLC purchased a new stake in Rogers in the third quarter valued at approximately $20,348,000. Conestoga Capital Advisors LLC lifted its stake in Rogers by 41.2% in the third quarter. Conestoga Capital Advisors LLC now owns 451,983 shares of the electronics maker’s stock valued at $60,240,000 after buying an additional 131,853 shares during the last quarter. Walthausen & Co. LLC lifted its stake in Rogers by 103.1% in the second quarter. Walthausen & Co. LLC now owns 176,942 shares of the electronics maker’s stock valued at $19,219,000 after buying an additional 89,838 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Rogers by 5.3% in the second quarter. Vanguard Group Inc. now owns 1,636,085 shares of the electronics maker’s stock valued at $177,712,000 after buying an additional 82,322 shares during the last quarter. Institutional investors own 93.22% of the company’s stock.

In other news, SVP Jeffrey M. Grudzien sold 1,888 shares of the business’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 owns 24,192 shares of the company’s stock, valued at $3,828,867.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Robert C. Daigle sold 1,766 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $133.04, for a total value of $234,948.64. Following the completion of the transaction, the senior vice president now directly owns 20,330 shares in the company, valued at approximately $2,704,703.20. The disclosure for this sale can be found here. In the last three months, insiders sold 27,516 shares of company stock worth $3,712,254. Corporate insiders own 1.50% of the company’s stock.

A number of equities research analysts have weighed in on the company. Needham & Company LLC boosted their price objective on Rogers to $180.00 and gave the company a “positive” rating in a research note on Tuesday. B. Riley boosted their target price on Rogers from $147.00 to $180.00 and gave the company a “buy” rating in a report on Sunday, November 5th. ValuEngine lowered Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research raised Rogers from a “hold” rating to a “strong-buy” rating and set a $171.00 target price on the stock in a report on Wednesday, November 8th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $164.00.

Rogers Co. (NYSE:ROG) opened at $163.03 on Wednesday. The stock has a market capitalization of $2,973.94, a P/E ratio of 30.41 and a beta of 1.16. The company has a quick ratio of 2.74, a current ratio of 3.74 and a debt-to-equity ratio of 0.18. Rogers Co. has a twelve month low of $74.24 and a twelve month high of $168.07.

Rogers (NYSE:ROG) last released its earnings results on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.15. The business had revenue of $206.80 million for the quarter, compared to analyst estimates of $198.16 million. Rogers had a return on equity of 14.22% and a net margin of 10.88%. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. sell-side analysts forecast that Rogers Co. will post 5.85 EPS for the current year.

WARNING: “Oppenheimer Asset Management Inc. Raises Holdings in Rogers Co. (ROG)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.thecerbatgem.com/2017/12/20/oppenheimer-asset-management-inc-raises-holdings-in-rogers-co-rog.html.

Rogers 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.

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)

Receive News & Ratings for Rogers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers and related companies with MarketBeat.com's FREE daily email newsletter.