Rogers Co. (ROG) Holdings Lessened by State of Tennessee Treasury Department

State of Tennessee Treasury Department reduced its holdings in Rogers Co. (NYSE:ROG) by 9.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,979 shares of the electronics maker’s stock after selling 1,362 shares during the quarter. State of Tennessee Treasury Department owned 0.07% of Rogers worth $1,552,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Sei Investments Co. grew its holdings in shares of Rogers by 18.5% during the first quarter. Sei Investments Co. now owns 55,169 shares of the electronics maker’s stock worth $6,595,000 after buying an additional 8,621 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Rogers during the first quarter worth about $747,000. Citigroup Inc. grew its holdings in shares of Rogers by 845.6% during the first quarter. Citigroup Inc. now owns 2,345 shares of the electronics maker’s stock worth $280,000 after buying an additional 2,097 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Rogers by 39.2% during the first quarter. New York State Common Retirement Fund now owns 66,683 shares of the electronics maker’s stock worth $7,971,000 after buying an additional 18,786 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in shares of Rogers by 6.4% during the first quarter. Municipal Employees Retirement System of Michigan now owns 7,320 shares of the electronics maker’s stock worth $875,000 after buying an additional 440 shares in the last quarter. Institutional investors and hedge funds own 93.54% of the company’s stock.

Rogers opened at $122.41 on Friday, Marketbeat reports. The company has a quick ratio of 3.68, a current ratio of 4.76 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 21.25 and a beta of 1.51. Rogers Co. has a twelve month low of $105.00 and a twelve month high of $184.00.



Rogers (NYSE:ROG) last posted its quarterly earnings results on Thursday, April 26th. The electronics maker reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.09. The firm had revenue of $214.61 million during the quarter, compared to the consensus estimate of $212.07 million. Rogers had a return on equity of 13.71% and a net margin of 9.56%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.68 earnings per share. research analysts predict that Rogers Co. will post 5.88 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on ROG shares. Zacks Investment Research downgraded Rogers from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. Needham & Company LLC reiterated a “buy” rating and set a $175.00 price objective (down from $180.00) on shares of Rogers in a report on Thursday, March 1st. B. Riley decreased their price objective on Rogers from $180.00 to $155.00 and set a “buy” rating for the company in a report on Friday, April 27th. Finally, ValuEngine upgraded Rogers from a “sell” rating to a “hold” rating in a report on Monday, May 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $156.50.

In other Rogers news, SVP Helen Zhang sold 9,325 shares of the firm’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $110.06, for a total value of $1,026,309.50. Following the completion of the transaction, the senior vice president now directly owns 13,676 shares in the company, valued at $1,505,180.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeffrey M. Grudzien sold 1,379 shares of the firm’s stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $119.73, for a total value of $165,107.67. Following the completion of the transaction, the senior vice president now owns 24,743 shares of the company’s stock, valued at $2,962,479.39. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,277 shares of company stock valued at $2,235,582. Corporate insiders own 1.50% of the company’s stock.

About Rogers

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The company's Advanced Connectivity Solutions segment offers circuit materials and solutions for connectivity applications in wireless communications infrastructure, automotive, connected devices, wired infrastructure, consumer electronics, and aerospace/defense.

Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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