Russell Investments Group Ltd. Has $1.32 Million Stock Position in Rogers Co. (NYSE:ROG)

Russell Investments Group Ltd. reduced its stake in shares of Rogers Co. (NYSE:ROG – Get Rating) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,079 shares of the electronics maker’s stock after selling 1,160 shares during the quarter. Russell Investments Group Ltd. owned 0.06% of Rogers worth $1,322,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Eaton Vance Management grew its holdings in shares of Rogers by 1.0% during the 1st quarter. Eaton Vance Management now owns 3,825 shares of the electronics maker’s stock worth $1,039,000 after purchasing an additional 39 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Rogers by 4.9% during the 1st quarter. Mackenzie Financial Corp now owns 1,064 shares of the electronics maker’s stock worth $289,000 after purchasing an additional 50 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Rogers by 0.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 16,187 shares of the electronics maker’s stock worth $4,512,000 after purchasing an additional 61 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of Rogers by 14.0% during the 1st quarter. Evergreen Capital Management LLC now owns 937 shares of the electronics maker’s stock worth $255,000 after buying an additional 115 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of Rogers by 1.3% during the 3rd quarter. Amalgamated Bank now owns 9,173 shares of the electronics maker’s stock worth $2,219,000 after buying an additional 117 shares during the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

Rogers Price Performance

Rogers stock opened at $153.49 on Thursday. The company has a current ratio of 4.80, a quick ratio of 3.41 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2.86 billion, a PE ratio of 30.04 and a beta of 0.96. Rogers Co. has a 12 month low of $98.45 and a 12 month high of $271.12. The stock has a 50-day moving average price of $158.02 and a two-hundred day moving average price of $138.93.

Rogers (NYSE:ROG – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.18. Rogers had a return on equity of 7.05% and a net margin of 9.98%. The company had revenue of $223.70 million during the quarter, compared to the consensus estimate of $235.40 million. Analysts expect that Rogers Co. will post 4.49 EPS for the current year.

Insider Transactions at Rogers

In related news, CFO Ramakumar Mayampurath sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $160.96, for a total transaction of $193,152.00. Following the completion of the sale, the chief financial officer now owns 17,152 shares of the company’s stock, valued at $2,760,785.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Rogers news, Director Carol R. Jensen sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $154.28, for a total value of $154,280.00. Following the completion of the sale, the director now owns 12,538 shares of the company’s stock, valued at $1,934,362.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ramakumar Mayampurath sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $160.96, for a total value of $193,152.00. Following the completion of the sale, the chief financial officer now directly owns 17,152 shares of the company’s stock, valued at approximately $2,760,785.92. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. CJS Securities assumed coverage on Rogers in a research report on Tuesday, March 14th. They set an “outperform” rating and a $185.00 price objective for the company. StockNews.com assumed coverage on Rogers in a research report on Thursday, May 18th. They set a “sell” rating for the company. TheStreet upgraded Rogers from a “d+” rating to a “c-” rating in a research report on Tuesday, February 14th. Finally, B. Riley increased their target price on Rogers from $200.00 to $205.00 in a research report on Friday, April 28th.

About Rogers

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Rogers Corp. engages in the design, development, manufacture, and sale of engineered materials and components for mission critical applications. It operates through the following segments: Advanced Electronics Solutions (AES) and Elastomeric Material Solutions (EMS), and Other. The AES segment offers manufactures and sells circuit materials, ceramic substrate materials, busbars and cooling solutions for applications in electric and hybrid electric vehicles, wireless infrastructure, automotive, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices and wired infrastructures.