Swiss National Bank Has $4.04 Million Position in Rogers Corporation (ROG)
Swiss National Bank increased its stake in shares of Rogers Corporation (NYSE:ROG) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,300 shares of the electronics maker’s stock after purchasing an additional 600 shares during the quarter. Swiss National Bank owned approximately 166,758.39% of Rogers Corporation worth $4,038,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Rogers Corporation by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,636,085 shares of the electronics maker’s stock worth $177,712,000 after purchasing an additional 82,322 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Rogers Corporation by 1.9% in 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 buying an additional 28,911 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Rogers Corporation by 0.5% in 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 buying an additional 5,406 shares during the last quarter. Northern Trust Corp raised its stake in Rogers Corporation by 3.4% in the second quarter. Northern Trust Corp now owns 618,786 shares of the electronics maker’s stock valued at $67,212,000 after buying an additional 20,253 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in Rogers Corporation by 41.2% in the third quarter. Conestoga Capital Advisors LLC now owns 451,983 shares of the electronics maker’s stock valued at $60,240,000 after buying an additional 131,853 shares during the last quarter. Hedge funds and other institutional investors own 90.56% of the company’s stock.
Rogers Corporation (NYSE:ROG) traded down $4.11 during trading on Friday, reaching $163.04. The company’s stock had a trading volume of 123,200 shares, compared to its average volume of 127,782. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.74 and a current ratio of 3.74. Rogers Corporation has a 52 week low of $71.91 and a 52 week high of $168.07. The stock has a market capitalization of $2,974.49, a PE ratio of 30.42 and a beta of 1.14.
Rogers Corporation (NYSE:ROG) last released its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.15. Rogers Corporation had a return on equity of 14.22% and a net margin of 10.88%. The company had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $198.16 million. During the same period last year, the business posted $0.86 earnings per share. The firm’s revenue was up 25.1% compared to the same quarter last year. equities research analysts predict that Rogers Corporation will post 5.85 EPS for the current fiscal year.
In other news, SVP Robert C. Daigle sold 2,074 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $125.02, for a total value of $259,291.48. Following the transaction, the senior vice president now directly owns 25,565 shares of the company’s stock, valued at $3,196,136.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert C. Daigle sold 208 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $135.86, for a total value of $28,258.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,439 shares of company stock valued at $3,892,314. 1.50% of the stock is currently owned by company insiders.
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ROG has been the subject of a number of research analyst reports. B. Riley increased their price target on Rogers Corporation from $147.00 to $180.00 and gave the company a “buy” rating in a research note on Sunday, November 5th. Needham & Company LLC reiterated a “buy” rating and issued a $165.00 price target on shares of Rogers Corporation in a research note on Friday, November 3rd. Zacks Investment Research upgraded Rogers Corporation from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research note on Friday, August 18th. Finally, BidaskClub upgraded Rogers Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $160.25.
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.
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