Rogers Co. (NYSE:ROG) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its position in Rogers Co. (NYSE:ROG - Free Report) by 66.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 453,144 shares of the electronics maker's stock after purchasing an additional 180,086 shares during the quarter. Ameriprise Financial Inc. owned approximately 2.43% of Rogers worth $46,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Sterling Capital Management LLC lifted its holdings in shares of Rogers by 810.8% in the fourth quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker's stock worth $60,000 after buying an additional 527 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Rogers by 43.7% in the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker's stock worth $118,000 after acquiring an additional 354 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Rogers by 6.2% during the fourth quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker's stock valued at $205,000 after buying an additional 118 shares during the period. Vestmark Advisory Solutions Inc. purchased a new position in Rogers during the 4th quarter valued at $222,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Rogers during the fourth quarter worth $274,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Rogers Stock Performance

Rogers stock traded up $0.03 during midday trading on Friday, hitting $69.80. 37,958 shares of the company's stock were exchanged, compared to its average volume of 238,895. Rogers Co. has a 12 month low of $51.43 and a 12 month high of $134.07. The company has a market cap of $1.29 billion, a PE ratio of 49.50 and a beta of 0.41. The firm has a 50-day moving average of $64.60 and a two-hundred day moving average of $86.06.

Rogers (NYSE:ROG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $190.50 million for the quarter, compared to analyst estimates of $187.50 million. Rogers had a return on equity of 3.98% and a net margin of 3.14%. As a group, equities analysts expect that Rogers Co. will post 3.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ROG shares. B. Riley boosted their price target on Rogers from $80.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. CL King initiated coverage on Rogers in a research report on Monday, March 31st. They set a "buy" rating and a $85.00 target price for the company.

Insider Transactions at Rogers

In other news, VP Griffin Melaney Gappert sold 756 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $62.55, for a total transaction of $47,287.80. Following the sale, the vice president now directly owns 4,484 shares of the company's stock, valued at $280,474.20. The trade was a 14.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.35% of the company's stock.

Rogers Company Profile

Rogers Corporation engages in the design, development, manufacture, and sale of 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, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.