Ameriprise Financial Inc. Has $46.04 Million Stock Position in Rogers Co. (NYSE:ROG)

Ameriprise Financial Inc. grew its holdings in Rogers Co. (NYSE:ROG - Free Report) by 66.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 453,144 shares of the electronics maker's stock after acquiring an additional 180,086 shares during the period. Ameriprise Financial Inc. owned 2.43% of Rogers worth $46,044,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. CL King began coverage on shares of Rogers in a research note on Monday, March 31st. They set a "buy" rating and a $85.00 target price for the company. B. Riley upped their price objective on shares of Rogers from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th.

Rogers Price Performance

Shares of ROG traded down $0.68 on Wednesday, reaching $70.32. 189,441 shares of the stock traded hands, compared to its average volume of 178,244. The stock's 50-day moving average price is $64.86 and its 200-day moving average price is $86.40. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 49.87 and a beta of 0.41. Rogers Co. has a 12 month low of $51.43 and a 12 month high of $134.07.

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

Insider Buying and Selling at Rogers

In other news, VP Griffin Melaney Gappert sold 756 shares of the stock in a transaction that occurred 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. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.