Dimensional Fund Advisors LP Lowers Holdings in Rogers Co. (ROG)

Dimensional Fund Advisors LP decreased its position in Rogers Co. (NYSE:ROG) by 3.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,014,000 shares of the electronics maker’s stock after selling 35,565 shares during the period. Dimensional Fund Advisors LP owned about 5.56% of Rogers worth $135,145,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Brown Advisory Inc. acquired a new stake in Rogers in the third quarter valued at $406,000. Moody Aldrich Partners LLC grew its holdings in Rogers by 13.5% in the third quarter. Moody Aldrich Partners LLC now owns 11,125 shares of the electronics maker’s stock valued at $1,483,000 after purchasing an additional 1,326 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Rogers by 6.1% in the third quarter. Wells Fargo & Company MN now owns 88,829 shares of the electronics maker’s stock valued at $11,839,000 after purchasing an additional 5,113 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Rogers by 164.3% in the third quarter. JPMorgan Chase & Co. now owns 37,006 shares of the electronics maker’s stock valued at $4,867,000 after purchasing an additional 23,006 shares during the last quarter. Finally, ETRADE Capital Management LLC purchased a new stake in shares of Rogers in the third quarter valued at $1,313,000. 93.26% of the stock is currently owned by institutional investors.

In related news, insider Bruce D. Hoechner sold 23,200 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $133.23, for a total transaction of $3,090,936.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeffrey M. Grudzien sold 1,888 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $158.27, for a total value of $298,813.76. Following the transaction, the senior vice president now owns 24,192 shares in the company, valued at $3,828,867.84. The disclosure for this sale can be found here. Insiders have sold 28,570 shares of company stock worth $3,847,144 over the last quarter. 1.50% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on ROG. B. Riley restated a “buy” rating and issued a $180.00 price objective on shares of Rogers in a research report on Friday. ValuEngine downgraded Rogers from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Rogers from a “hold” rating to a “strong-buy” rating and set a $171.00 price objective on the stock in a research report on Wednesday, November 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $165.00 price objective on shares of Rogers in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Rogers currently has a consensus rating of “Buy” and an average price target of $160.25.

Shares of Rogers Co. (NYSE:ROG) opened at $160.86 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.74 and a quick ratio of 2.74. Rogers Co. has a 12-month low of $74.24 and a 12-month high of $168.07. The stock has a market capitalization of $2,856.45, a price-to-earnings ratio of 29.21 and a beta of 1.16.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.15. Rogers had a return on equity of 14.22% and a net margin of 10.88%. The business had revenue of $206.80 million for the quarter, compared to the consensus estimate of $198.16 million. During the same period in the prior year, the business earned $0.86 earnings per share. The business’s revenue was up 25.1% on a year-over-year basis. sell-side analysts anticipate that Rogers Co. will post 5.85 EPS for the current fiscal year.

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Rogers Company Profile

Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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