Legato Capital Management LLC Sells 3,718 Shares of Rogers Corporation $ROG

Legato Capital Management LLC lowered its stake in shares of Rogers Corporation (NYSE:ROG) by 49.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,870 shares of the electronics maker’s stock after selling 3,718 shares during the quarter. Legato Capital Management LLC’s holdings in Rogers were worth $354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ROG. Global Retirement Partners LLC increased its position in Rogers by 6,576.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock worth $104,000 after acquiring an additional 1,118 shares during the period. Virtus Advisers LLC bought a new position in Rogers during the third quarter worth $127,000. Quadrant Capital Group LLC bought a new position in Rogers during the third quarter worth $130,000. PNC Financial Services Group Inc. increased its position in Rogers by 119.7% during the third 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 during the period. Finally, NJ State Employees Deferred Compensation Plan bought a new position in Rogers during the third quarter worth $201,000. Institutional investors own 96.02% of the company’s stock.

Insiders Place Their Bets

In other Rogers news, SVP Brian Keith Larabee sold 830 shares of Rogers stock in a transaction on Friday, May 1st. The shares were sold at an average price of $135.91, for a total transaction of $112,805.30. Following the sale, the senior vice president owned 5,515 shares in the company, valued at $749,543.65. The trade was a 13.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Reed Webb sold 954 shares of Rogers stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $111.31, for a total transaction of $106,189.74. Following the sale, the senior vice president owned 7,769 shares in the company, valued at $864,767.39. This represents a 10.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.08% of the stock is owned by insiders.

Rogers Price Performance

ROG opened at $145.72 on Thursday. Rogers Corporation has a fifty-two week low of $61.17 and a fifty-two week high of $146.09. The firm’s fifty day moving average price is $122.47 and its two-hundred day moving average price is $105.13. The company has a market capitalization of $2.60 billion, a P/E ratio of -48.41 and a beta of 0.51.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Rogers had a negative net margin of 6.81% and a positive return on equity of 4.31%. The firm had revenue of $200.50 million for the quarter, compared to the consensus estimate of $200.50 million. Rogers has set its Q2 2026 guidance at 0.900-1.100 EPS. On average, equities research analysts expect that Rogers Corporation will post 3.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Weiss Ratings raised shares of Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. B. Riley Financial reaffirmed a “buy” rating on shares of Rogers in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $133.00.

Rogers 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.