Rogers Co. (ROG) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its stake in Rogers Co. (NYSE:ROG) by 95.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,895 shares of the electronics maker’s stock after selling 41,207 shares during the period. Two Sigma Investments LP’s holdings in Rogers were worth $307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its position in Rogers by 178.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 782 shares of the electronics maker’s stock worth $105,000 after purchasing an additional 501 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Rogers by 59.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 916 shares of the electronics maker’s stock worth $148,000 after purchasing an additional 340 shares during the last quarter. Stifel Financial Corp acquired a new stake in Rogers in the 3rd quarter worth $204,000. LS Investment Advisors LLC grew its position in Rogers by 104.7% in the 4th quarter. LS Investment Advisors LLC now owns 1,263 shares of the electronics maker’s stock worth $205,000 after purchasing an additional 646 shares during the last quarter. Finally, MML Investors Services LLC acquired a new stake in Rogers in the 4th quarter worth $237,000. Institutional investors own 96.64% of the company’s stock.

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In related news, SVP Jeffrey M. Grudzien sold 1,430 shares of Rogers stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $155.83, for a total transaction of $222,836.90. Following the completion of the transaction, the senior vice president now directly owns 23,293 shares of the company’s stock, valued at approximately $3,629,748.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jay B. Knoll sold 1,250 shares of Rogers stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $131.78, for a total transaction of $164,725.00. Following the transaction, the senior vice president now directly owns 5,909 shares of the company’s stock, valued at $778,688.02. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

ROG has been the topic of several recent research reports. Zacks Investment Research lowered shares of Rogers from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd. Needham & Company LLC reiterated a “buy” rating and set a $175.00 target price (down from $180.00) on shares of Rogers in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Rogers currently has an average rating of “Buy” and a consensus target price of $162.75.

Shares of Rogers stock opened at $123.16 on Thursday. The company has a current ratio of 3.99, a quick ratio of 3.01 and a debt-to-equity ratio of 0.18. Rogers Co. has a twelve month low of $81.96 and a twelve month high of $184.00. The stock has a market cap of $2,193.21, a PE ratio of 21.38 and a beta of 1.47.

Rogers (NYSE:ROG) last issued its earnings results on Tuesday, February 27th. The electronics maker reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.06). Rogers had a net margin of 9.80% and a return on equity of 14.72%. The business had revenue of $209.01 million for the quarter, compared to analyst estimates of $206.50 million. research analysts forecast that Rogers Co. will post 6.17 earnings per share for the current year.

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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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