Northern Trust Corp increased its holdings in shares of Rogers Co. (NYSE:ROG - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 210,632 shares of the electronics maker's stock after purchasing an additional 10,116 shares during the period. Northern Trust Corp owned 1.13% of Rogers worth $21,402,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in ROG. Norges Bank purchased a new position in Rogers in the 4th quarter valued at about $113,725,000. Neuberger Berman Group LLC boosted its holdings in Rogers by 35.6% in the fourth quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker's stock valued at $98,828,000 after purchasing an additional 255,423 shares during the last quarter. Nuance Investments LLC grew its stake in Rogers by 26.6% during the 4th quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker's stock valued at $82,312,000 after purchasing an additional 170,145 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new position in shares of Rogers in the 4th quarter valued at approximately $8,317,000. Finally, Cramer Rosenthal Mcglynn LLC raised its position in shares of Rogers by 92.8% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 145,278 shares of the electronics maker's stock valued at $14,762,000 after purchasing an additional 69,941 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. CL King initiated coverage on shares of Rogers in a report on Monday, March 31st. They set a "buy" rating and a $85.00 price objective for the company. B. Riley lifted their price objective on shares of Rogers from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th.
Check Out Our Latest Stock Report on ROG
Rogers Stock Up 0.3%
Shares of NYSE:ROG traded up $0.21 during trading on Friday, hitting $69.98. 153,294 shares of the company traded hands, compared to its average volume of 177,995. The business's fifty day moving average is $64.60 and its 200-day moving average is $86.06. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 49.63 and a beta of 0.41. Rogers Co. has a one year low of $51.43 and a one year high of $134.07.
Rogers (NYSE:ROG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The electronics maker reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Rogers had a return on equity of 3.98% and a net margin of 3.14%. The firm had revenue of $190.50 million during the quarter, compared to the consensus estimate of $187.50 million. On average, analysts forecast that Rogers Co. will post 3.57 EPS for the current year.
Insider Activity at Rogers
In other news, VP Griffin Melaney Gappert sold 756 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $62.55, for a total transaction of $47,287.80. Following the transaction, the vice president now directly owns 4,484 shares of the company's stock, valued at approximately $280,474.20. This trade represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.35% of the stock is currently owned by insiders.
About Rogers
(
Free Report)
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.
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