Rogers Co. (ROG) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its position in shares of Rogers Co. (NYSE:ROG) by 5.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,693 shares of the electronics maker’s stock after selling 2,255 shares during the quarter. California Public Employees Retirement System owned about 0.19% of Rogers worth $4,267,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Profund Advisors LLC increased its stake in Rogers by 18.8% during the fourth quarter. Profund Advisors LLC now owns 2,255 shares of the electronics maker’s stock worth $365,000 after acquiring an additional 357 shares during the last quarter. ETRADE Capital Management LLC increased its stake in Rogers by 3.7% during the fourth quarter. ETRADE Capital Management LLC now owns 10,217 shares of the electronics maker’s stock worth $1,654,000 after acquiring an additional 368 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Rogers by 6.4% during the first quarter. Municipal Employees Retirement System of Michigan now owns 7,320 shares of the electronics maker’s stock worth $875,000 after acquiring an additional 440 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in Rogers by 20.0% during the fourth quarter. Meadow Creek Investment Management LLC now owns 2,652 shares of the electronics maker’s stock worth $429,000 after acquiring an additional 442 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Rogers by 29.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,160 shares of the electronics maker’s stock worth $350,000 after acquiring an additional 488 shares during the last quarter. Institutional investors own 93.51% of the company’s stock.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Rogers from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine lowered Rogers from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. B. Riley dropped their price target on Rogers from $180.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, April 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $175.00 price target (down from $180.00) on shares of Rogers in a research note on Thursday, March 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $167.00.

In related news, CFO Janice E. Stipp sold 9,392 shares of the stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $109.00, for a total value of $1,023,728.00. Following the completion of the transaction, the chief financial officer now owns 17,666 shares of the company’s stock, valued at $1,925,594. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffrey M. Grudzien sold 1,379 shares of the stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $119.73, for a total value of $165,107.67. Following the completion of the transaction, the senior vice president now directly owns 24,743 shares of the company’s stock, valued at approximately $2,962,479.39. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,277 shares of company stock valued at $2,235,582. Insiders own 1.50% of the company’s stock.

ROG stock opened at $110.11 on Friday. The company has a quick ratio of 3.68, a current ratio of 4.76 and a debt-to-equity ratio of 0.17. Rogers Co. has a 1 year low of $105.60 and a 1 year high of $184.00. The stock has a market capitalization of $2.04 billion, a PE ratio of 19.12 and a beta of 1.51.

Rogers (NYSE:ROG) last posted its earnings results on Thursday, April 26th. The electronics maker reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.09. Rogers had a return on equity of 13.71% and a net margin of 9.56%. The business had revenue of $214.61 million during the quarter, compared to analyst estimates of $212.07 million. During the same quarter last year, the firm earned $1.68 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. equities analysts predict that Rogers Co. will post 5.88 earnings per share for the current year.

Rogers Company Profile

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The company's Advanced Connectivity Solutions segment offers circuit materials and solutions for connectivity applications in wireless communications infrastructure, automotive, connected devices, wired infrastructure, consumer electronics, and aerospace/defense.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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