Bank of Montreal Can lessened its stake in Rogers Co. (NYSE:ROG) by 76.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,988 shares of the electronics maker’s stock after selling 41,997 shares during the quarter. Bank of Montreal Can’s holdings in Rogers were worth $2,103,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its stake in shares of Rogers by 178.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 782 shares of the electronics maker’s stock worth $105,000 after buying an additional 501 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of Rogers by 852.9% in the third quarter. Quantbot Technologies LP now owns 1,134 shares of the electronics maker’s stock worth $151,000 after buying an additional 1,015 shares during the last quarter. Pitcairn Co. bought a new stake in shares of Rogers in the third quarter worth $202,000. Stifel Financial Corp bought a new stake in shares of Rogers in the third quarter worth $204,000. Finally, Ameritas Investment Partners Inc. increased its stake in Rogers by 10.2% during the second quarter. Ameritas Investment Partners Inc. now owns 1,584 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 93.18% of the company’s stock.

ROG has been the subject of several recent research reports. B. Riley reiterated a “buy” rating and set a $180.00 target price (up previously from $147.00) on shares of Rogers in a research note on Monday, October 30th. Needham & Company LLC reiterated a “buy” rating and set a $165.00 target price on shares of Rogers in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Rogers from a “hold” rating to a “strong-buy” rating and set a $171.00 target price for the company in a research note on Wednesday, November 8th. Finally, ValuEngine lowered shares of Rogers from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $164.00.

Shares of Rogers Co. (NYSE ROG) opened at $146.70 on Monday. The company has a current ratio of 3.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.18. Rogers Co. has a 12 month low of $78.52 and a 12 month high of $184.00. The firm has a market cap of $2,676.39, a price-to-earnings ratio of 31.75 and a beta of 1.22.

In other Rogers news, SVP Jeffrey M. Grudzien sold 1,888 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $158.27, for a total transaction of $298,813.76. Following the completion of the sale, the senior vice president now owns 24,192 shares in the company, valued at $3,828,867.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

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Rogers 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 (NYSE:ROG)

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