Insider Selling: Rogers Co. (ROG) SVP Sells 13,294 Shares of Stock

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Rogers Co. (NYSE:ROG) SVP Robert C. Daigle sold 13,294 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $191.13, for a total transaction of $2,540,882.22. Following the completion of the sale, the senior vice president now directly owns 27,229 shares of the company’s stock, valued at approximately $5,204,278.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

ROG stock opened at $193.24 on Friday. Rogers Co. has a twelve month low of $89.21 and a twelve month high of $206.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.53 and a quick ratio of 3.29. The company has a market cap of $3.10 billion, a PE ratio of 33.49 and a beta of 2.07.

Rogers (NYSE:ROG) last released its quarterly earnings results on Tuesday, April 30th. The electronics maker reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.53. Rogers had a net margin of 9.94% and a return on equity of 13.89%. The business had revenue of $239.80 million during the quarter, compared to the consensus estimate of $226.25 million. During the same quarter last year, the company earned $1.48 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, analysts anticipate that Rogers Co. will post 5.93 EPS for the current year.

Several analysts have issued reports on ROG shares. Zacks Investment Research raised shares of Rogers from a “hold” rating to a “buy” rating and set a $214.00 price objective for the company in a research report on Friday. B. Riley increased their price objective on shares of Rogers from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday. ValuEngine raised shares of Rogers from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Rogers in a research report on Thursday, February 21st. Five investment analysts have rated the stock with a buy rating, Rogers has an average rating of “Buy” and an average target price of $188.50.

Hedge funds have recently bought and sold shares of the business. Thrivent Financial for Lutherans increased its stake in Rogers by 90.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 402,566 shares of the electronics maker’s stock worth $39,878,000 after purchasing an additional 190,848 shares in the last quarter. Norges Bank bought a new stake in shares of Rogers during the fourth quarter valued at approximately $18,528,000. Ellis Investment Partners LLC acquired a new stake in Rogers in the 1st quarter valued at $104,000. Neuberger Berman Group LLC boosted its stake in Rogers by 2.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,734,911 shares of the electronics maker’s stock valued at $255,587,000 after buying an additional 46,962 shares in the last quarter. Finally, RK Capital Management LLC acquired a new stake in Rogers in the 4th quarter valued at $4,646,000. Institutional investors own 93.89% of the company’s stock.

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About Rogers

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names.

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Insider Buying and Selling by Quarter for Rogers (NYSE:ROG)

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