Algert Global LLC boosted its position in Rogers Corporation (NYSE:ROG) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,580 shares of the electronics maker’s stock after buying an additional 248 shares during the period. Algert Global LLC’s holdings in Rogers Corporation were worth $715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in Rogers Corporation by 60,174.9% in the first quarter. BlackRock Inc. now owns 2,189,786 shares of the electronics maker’s stock worth $188,037,000 after buying an additional 2,186,153 shares during the last quarter. Vanguard Group Inc. increased its position in Rogers Corporation by 2.9% in the first quarter. Vanguard Group Inc. now owns 1,553,763 shares of the electronics maker’s stock worth $133,421,000 after buying an additional 43,385 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Rogers Corporation by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,044,159 shares of the electronics maker’s stock worth $89,662,000 after buying an additional 34,003 shares during the last quarter. State Street Corp increased its position in Rogers Corporation by 5.5% in the first quarter. State Street Corp now owns 428,072 shares of the electronics maker’s stock worth $36,761,000 after buying an additional 22,288 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Rogers Corporation by 7.8% in the first quarter. Ameriprise Financial Inc. now owns 417,153 shares of the electronics maker’s stock worth $35,820,000 after buying an additional 30,081 shares during the last quarter. Institutional investors and hedge funds own 92.86% of the company’s stock.

Rogers Corporation (NYSE:ROG) opened at 118.03 on Friday. Rogers Corporation has a 1-year low of $51.98 and a 1-year high of $123.38. The company has a market capitalization of $2.14 billion, a P/E ratio of 28.46 and a beta of 1.16. The firm has a 50-day moving average price of $113.64 and a 200-day moving average price of $97.46.

Rogers Corporation (NYSE:ROG) last issued its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.13. The firm had revenue of $201.40 million during the quarter, compared to analyst estimates of $195.60 million. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. On average, analysts forecast that Rogers Corporation will post $5.55 EPS for the current fiscal year.

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A number of research analysts recently issued reports on ROG shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Rogers Corporation in a report on Tuesday, May 23rd. Needham & Company LLC reiterated a “buy” rating and set a $115.00 price objective (up from $91.00) on shares of Rogers Corporation in a report on Friday, April 28th. Sidoti reiterated a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Rogers Corporation in a report on Monday, June 19th. Zacks Investment Research upgraded Rogers Corporation from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective for the company in a report on Wednesday, May 3rd. Finally, BidaskClub downgraded Rogers Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Rogers Corporation has a consensus rating of “Buy” and an average price target of $132.25.

In other Rogers Corporation news, SVP Robert C. Daigle sold 4,485 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $121.52, for a total transaction of $545,017.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith Barnes sold 850 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $111.19, for a total value of $94,511.50. Following the sale, the director now directly owns 2,850 shares of the company’s stock, valued at $316,891.50. The disclosure for this sale can be found here. Insiders have sold a total of 8,335 shares of company stock valued at $961,589 over the last three months. Corporate insiders own 1.50% of the company’s stock.

Rogers Corporation 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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Institutional Ownership by Quarter for Rogers Corporation (NYSE:ROG)

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