Carnegie Capital Asset Management LLC Sells 1,000 Shares of Rogers Co. (NYSE:ROG)

Carnegie Capital Asset Management LLC trimmed its stake in Rogers Co. (NYSE:ROG) by 25.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,000 shares of the electronics maker’s stock after selling 1,000 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Rogers were worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. William Blair Investment Management LLC grew its stake in Rogers by 3.7% in the fourth quarter. William Blair Investment Management LLC now owns 848,901 shares of the electronics maker’s stock valued at $105,883,000 after purchasing an additional 29,960 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of Rogers by 0.8% in the first quarter. Conestoga Capital Advisors LLC now owns 558,570 shares of the electronics maker’s stock valued at $52,740,000 after buying an additional 4,524 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Rogers by 10.5% in the fourth quarter. Geode Capital Management LLC now owns 258,128 shares of the electronics maker’s stock valued at $32,196,000 after buying an additional 24,503 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Rogers by 34.6% in the fourth quarter. Victory Capital Management Inc. now owns 253,525 shares of the electronics maker’s stock valued at $31,622,000 after buying an additional 65,126 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its position in shares of Rogers by 1.7% in the fourth quarter. GW&K Investment Management LLC now owns 246,892 shares of the electronics maker’s stock valued at $30,794,000 after buying an additional 4,093 shares during the last quarter. Hedge funds and other institutional investors own 97.67% of the company’s stock.

A number of analysts have recently issued reports on the company. ValuEngine cut Rogers from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Zacks Investment Research cut Rogers from a “buy” rating to a “hold” rating in a report on Friday, May 1st. TheStreet lowered Rogers from a “b” rating to a “c” rating in a research note on Thursday, February 20th. Stifel Nicolaus decreased their price target on Rogers from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, B. Riley lifted their target price on Rogers from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Rogers currently has a consensus rating of “Buy” and an average target price of $131.67.

NYSE:ROG opened at $104.88 on Friday. The company has a market cap of $1.96 billion, a P/E ratio of 20.18 and a beta of 1.81. The stock’s fifty day moving average price is $100.65 and its two-hundred day moving average price is $115.69. Rogers Co. has a 1 year low of $75.72 and a 1 year high of $183.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.38 and a quick ratio of 5.07.

Rogers (NYSE:ROG) last posted its earnings results on Thursday, April 30th. The electronics maker reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.09. Rogers had a return on equity of 10.57% and a net margin of 3.75%. The firm had revenue of $198.81 million for the quarter, compared to the consensus estimate of $189.50 million. On average, analysts expect that Rogers Co. will post 4.41 earnings per share for the current fiscal year.

In related news, SVP Jay B. Knoll sold 3,500 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $114.10, for a total value of $399,350.00. Following the transaction, the senior vice president now owns 12,383 shares of the company’s stock, valued at $1,412,900.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.09% of the stock is owned by corporate insiders.

About Rogers

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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