Segall Bryant & Hamill LLC bought a new position in shares of Rogers Corporation (NYSE:ROG – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 141,355 shares of the electronics maker’s stock, valued at approximately $11,373,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of Rogers by 119.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,905 shares of the electronics maker’s stock worth $153,000 after acquiring an additional 1,038 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in Rogers by 11.1% in the third quarter. Central Pacific Bank Trust Division now owns 2,500 shares of the electronics maker’s stock valued at $201,000 after purchasing an additional 250 shares during the last quarter. NJ State Employees Deferred Compensation Plan purchased a new position in Rogers in the third quarter valued at about $201,000. Front Street Capital Management Inc. bought a new position in Rogers in the second quarter worth about $201,000. Finally, Inspire Advisors LLC bought a new position in Rogers in the third quarter worth about $208,000. Institutional investors own 96.02% of the company’s stock.
Rogers Price Performance
NYSE ROG opened at $109.69 on Thursday. Rogers Corporation has a 1 year low of $51.43 and a 1 year high of $112.81. The company has a market capitalization of $1.96 billion, a PE ratio of -32.84 and a beta of 0.36. The company has a fifty day moving average of $101.00 and a 200 day moving average of $89.46.
Analyst Upgrades and Downgrades
Several research firms recently commented on ROG. Weiss Ratings reiterated a “sell (d)” rating on shares of Rogers in a research note on Thursday, January 22nd. Zacks Research downgraded Rogers from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, B. Riley Financial increased their price objective on Rogers from $127.00 to $133.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Rogers currently has a consensus rating of “Hold” and an average price target of $109.00.
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Insider Transactions at Rogers
In other news, SVP Michael Reed Webb sold 954 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $111.31, for a total transaction of $106,189.74. Following the completion of the sale, the senior vice president owned 7,769 shares of the company’s stock, valued at $864,767.39. The trade was a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.35% of the company’s stock.
Rogers Company Profile
Rogers Corporation (NYSE: ROG) is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.
Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.
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