Insider Buying: Rogers Co. (NYSE:ROG) Director Buys $100,750.00 in Stock

Rogers Co. (NYSE:ROGGet Rating) Director Jeffrey J. Owens acquired 1,000 shares of Rogers stock in a transaction that occurred on Tuesday, November 22nd. The shares were purchased at an average cost of $100.75 per share, with a total value of $100,750.00. Following the purchase, the director now owns 6,850 shares of the company’s stock, valued at approximately $690,137.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Rogers Price Performance

Shares of NYSE:ROG opened at $108.21 on Friday. Rogers Co. has a 12 month low of $98.45 and a 12 month high of $274.51. The stock has a market cap of $2.04 billion, a P/E ratio of 28.40 and a beta of 1.22. The company has a current ratio of 4.62, a quick ratio of 3.36 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $193.70 and a 200 day moving average of $238.09.

Institutional Investors Weigh In On Rogers

Several hedge funds have recently bought and sold shares of ROG. JPMorgan Chase & Co. lifted its position in Rogers by 152.3% during the second quarter. JPMorgan Chase & Co. now owns 645,155 shares of the electronics maker’s stock valued at $169,088,000 after purchasing an additional 389,436 shares during the last quarter. Bank of Montreal Can lifted its position in Rogers by 2,428.3% during the second quarter. Bank of Montreal Can now owns 237,127 shares of the electronics maker’s stock valued at $61,838,000 after purchasing an additional 227,748 shares during the last quarter. Citigroup Inc. lifted its position in Rogers by 85.4% during the first quarter. Citigroup Inc. now owns 490,033 shares of the electronics maker’s stock valued at $133,141,000 after purchasing an additional 225,749 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Rogers by 110.9% during the first quarter. Goldman Sachs Group Inc. now owns 310,564 shares of the electronics maker’s stock valued at $84,380,000 after purchasing an additional 163,307 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Rogers during the second quarter valued at approximately $38,191,000. 88.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Rogers from a “hold” rating to a “sell” rating in a research note on Saturday, November 19th.

About Rogers

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Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure markets.

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