Prudential Financial Inc. Has $5.75 Million Stake in Rogers Co. (ROG)

Prudential Financial Inc. raised its holdings in Rogers Co. (NYSE:ROG) by 30.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,109 shares of the electronics maker’s stock after acquiring an additional 10,100 shares during the period. Prudential Financial Inc. owned about 0.24% of Rogers worth $5,745,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. 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 period. Neuberger Berman Group LLC increased its holdings in shares of Rogers by 1.9% during the second quarter. Neuberger Berman Group LLC now owns 1,533,535 shares of the electronics maker’s stock valued at $166,573,000 after acquiring an additional 28,911 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Rogers by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,049,565 shares of the electronics maker’s stock valued at $114,004,000 after acquiring an additional 5,406 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Rogers by 3.4% during the second quarter. Northern Trust Corp now owns 618,786 shares of the electronics maker’s stock valued at $67,212,000 after acquiring an additional 20,253 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew its holdings in Rogers by 41.2% during the third quarter. Conestoga Capital Advisors LLC now owns 451,983 shares of the electronics maker’s stock worth $60,240,000 after buying an additional 131,853 shares in the last quarter. Institutional investors own 93.26% of the company’s stock.

In other news, insider Bruce D. Hoechner sold 23,200 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $133.23, for a total value of $3,090,936.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffrey M. Grudzien sold 1,888 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $158.27, for a total value of $298,813.76. Following the completion of the transaction, the senior vice president now owns 24,192 shares in the company, valued at $3,828,867.84. The disclosure for this sale can be found here. In the last three months, insiders sold 31,327 shares of company stock valued at $4,191,128. Corporate insiders own 1.50% of the company’s stock.

Shares of Rogers Co. (NYSE:ROG) traded down $1.42 during mid-day trading on Wednesday, hitting $152.25. The stock had a trading volume of 129,600 shares, compared to its average volume of 128,809. The company has a market cap of $2,803.54, a price-to-earnings ratio of 28.67 and a beta of 1.16. Rogers Co. has a 12-month low of $73.53 and a 12-month high of $168.07. 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 (NYSE:ROG) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $198.16 million. Rogers had a return on equity of 14.22% and a net margin of 10.88%. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 earnings per share. research analysts forecast that Rogers Co. will post 5.85 EPS for the current fiscal year.

A number of research analysts have recently commented on ROG shares. B. Riley reaffirmed a “buy” rating and set a $147.00 price target on shares of Rogers in a research report on Sunday, August 20th. Zacks Investment Research raised Rogers from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Friday, August 18th. BidaskClub raised Rogers from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $165.00 price target on shares of Rogers in a report on Friday, November 3rd. Finally, ValuEngine lowered Rogers from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $160.25.

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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.

Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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