New York State Teachers Retirement System decreased its holdings in Rogers Corporation (NYSE:ROG) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,759 shares of the electronics maker’s stock after selling 400 shares during the quarter. New York State Teachers Retirement System owned approximately 0.27% of Rogers Corporation worth $6,632,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Rogers Corporation by 60,174.9% in the 1st quarter. BlackRock Inc. now owns 2,189,786 shares of the electronics maker’s stock valued at $188,037,000 after purchasing an additional 2,186,153 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in shares of Rogers Corporation by 41.2% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 451,983 shares of the electronics maker’s stock valued at $60,240,000 after purchasing an additional 131,853 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Rogers Corporation by 322.9% in the 1st quarter. Teachers Advisors LLC now owns 153,175 shares of the electronics maker’s stock valued at $13,153,000 after purchasing an additional 116,956 shares in the last quarter. Walthausen & Co. LLC lifted its stake in shares of Rogers Corporation by 103.1% in the 2nd quarter. Walthausen & Co. LLC now owns 176,942 shares of the electronics maker’s stock valued at $19,219,000 after purchasing an additional 89,838 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Rogers Corporation by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,636,085 shares of the electronics maker’s stock valued at $177,712,000 after purchasing an additional 82,322 shares in the last quarter. Institutional investors own 93.41% of the company’s stock.

Rogers Corporation (ROG) opened at $150.22 on Friday. The company has a market capitalization of $2,782.20, a P/E ratio of 28.45 and a beta of 1.14. 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 Corporation has a 52-week low of $67.60 and a 52-week high of $154.00.

Rogers Corporation (NYSE:ROG) last released its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $1.41 EPS for the quarter, topping the consensus estimate of $1.26 by $0.15. The firm had revenue of $206.80 million for the quarter, compared to analyst estimates of $198.16 million. Rogers Corporation had a return on equity of 14.22% and a net margin of 10.88%. Rogers Corporation’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. analysts predict that Rogers Corporation will post 5.85 earnings per share for the current fiscal year.

Several research firms have recently weighed in on ROG. B. Riley reaffirmed a “buy” rating and issued a $147.00 price objective on shares of Rogers Corporation in a research note on Sunday, August 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Rogers Corporation in a research note on Friday, November 3rd. BidaskClub lowered Rogers Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research raised Rogers Corporation from a “hold” rating to a “strong-buy” rating and set a $171.00 price objective on the stock in a research note on Wednesday. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Rogers Corporation has a consensus rating of “Buy” and a consensus target price of $160.25.

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In related news, SVP Robert C. Daigle sold 208 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $135.86, for a total transaction of $28,258.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jeffrey M. Grudzien sold 3,042 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $114.08, for a total value of $347,031.36. Following the completion of the transaction, the senior vice president now directly owns 28,022 shares in the company, valued at $3,196,749.76. The disclosure for this sale can be found here. Insiders have sold a total of 35,981 shares of company stock worth $4,644,611 over the last three months. 1.50% of the stock is currently owned by corporate insiders.

Rogers Corporation 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 Corporation (NYSE:ROG)

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