Northern Trust Corp Has $21.40 Million Stake in Rogers Co. (NYSE:ROG)

Northern Trust Corp grew its position in Rogers Co. (NYSE:ROG - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,632 shares of the electronics maker's stock after purchasing an additional 10,116 shares during the period. Northern Trust Corp owned approximately 1.13% of Rogers worth $21,402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also 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 in the last quarter. Covestor Ltd lifted its position in Rogers by 43.7% during 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 in the last quarter. Bank of Montreal Can lifted its position in Rogers by 6.2% during the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker's stock worth $205,000 after acquiring an additional 118 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in Rogers during the 4th quarter worth approximately $222,000. Finally, Canada Pension Plan Investment Board acquired a new position in Rogers during the 4th quarter worth approximately $274,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Griffin Melaney Gappert sold 756 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $62.55, for a total value of $47,287.80. Following the completion of the sale, the vice president now directly owns 4,484 shares of the company's stock, valued at approximately $280,474.20. This represents a 14.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.35% of the stock is currently owned by company insiders.

Rogers Trading Up 0.3%

ROG traded up $0.21 during trading on Friday, reaching $69.98. 153,294 shares of the company were exchanged, compared to its average volume of 178,099. The stock has a market cap of $1.30 billion, a P/E ratio of 49.63 and a beta of 0.41. The firm has a 50 day moving average of $64.48 and a 200 day moving average of $85.60. Rogers Co. has a 52 week low of $51.43 and a 52 week high of $134.07.

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

Analyst Ratings Changes

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

About Rogers

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.