Wells Fargo & Company MN Buys 10,863 Shares of Rogers Co. (ROG)
Wells Fargo & Company MN increased its stake in Rogers Co. (NYSE:ROG) by 12.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 99,692 shares of the electronics maker’s stock after buying an additional 10,863 shares during the period. Wells Fargo & Company MN’s holdings in Rogers were worth $16,143,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Aurora Investment Counsel bought a new position in Rogers in the 4th quarter valued at approximately $2,013,000. Atlantic Trust Group LLC bought a new position in Rogers in the 3rd quarter valued at approximately $1,250,000. Sterling Capital Management LLC lifted its position in Rogers by 128.6% in the 3rd quarter. Sterling Capital Management LLC now owns 27,717 shares of the electronics maker’s stock valued at $3,694,000 after acquiring an additional 15,594 shares in the last quarter. New York State Common Retirement Fund lifted its position in Rogers by 36.3% in the 3rd quarter. New York State Common Retirement Fund now owns 26,980 shares of the electronics maker’s stock valued at $3,596,000 after acquiring an additional 7,180 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Rogers in the 3rd quarter valued at approximately $633,000. 96.85% of the stock is currently owned by institutional investors and hedge funds.
Rogers Co. (NYSE:ROG) opened at $137.09 on Wednesday. The firm has a market capitalization of $2,500.00, a price-to-earnings ratio of 37.35 and a beta of 1.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.01 and a current ratio of 3.99. Rogers Co. has a twelve month low of $80.35 and a twelve month high of $184.00.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Rogers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 4th. ValuEngine cut Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Needham & Company LLC reissued a “buy” rating and set a $175.00 price target (down from $180.00) on shares of Rogers in a report on Thursday, March 1st. Finally, B. Riley reissued a “buy” rating and set a $180.00 price target on shares of Rogers in a report on Friday, December 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $162.75.
In other news, SVP Jeffrey M. Grudzien sold 1,430 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $155.83, for a total transaction of $222,836.90. Following the transaction, the senior vice president now directly owns 23,293 shares of the company’s stock, valued at approximately $3,629,748.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jay B. Knoll sold 1,250 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $131.78, for a total value of $164,725.00. Following the completion of the sale, the senior vice president now owns 5,909 shares of the company’s stock, valued at $778,688.02. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate 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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