Dimensional Fund Advisors LP Sells 8,015 Shares of Rogers Co. (ROG)

Dimensional Fund Advisors LP decreased its stake in shares of Rogers Co. (NYSE:ROG) by 0.9% during the fourth quarter, HoldingsChannel reports. The firm owned 873,056 shares of the electronics maker’s stock after selling 8,015 shares during the period. Dimensional Fund Advisors LP’s holdings in Rogers were worth $86,485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Rogers in the 4th quarter valued at about $37,000. Bank of Montreal Can raised its holdings in shares of Rogers by 22.9% in the 4th quarter. Bank of Montreal Can now owns 876 shares of the electronics maker’s stock valued at $87,000 after acquiring an additional 163 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Rogers by 9.6% in the 4th quarter. Advisor Group Inc. now owns 1,385 shares of the electronics maker’s stock valued at $137,000 after acquiring an additional 121 shares in the last quarter. BB&T Corp raised its holdings in shares of Rogers by 10.5% in the 4th quarter. BB&T Corp now owns 2,313 shares of the electronics maker’s stock valued at $229,000 after acquiring an additional 220 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Rogers in the 4th quarter valued at about $240,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on ROG. B. Riley raised their price target on Rogers from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. ValuEngine raised Rogers from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Zacks Investment Research raised Rogers from a “hold” rating to a “buy” rating and set a $214.00 price target on the stock in a report on Friday, May 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $155.00 price target on shares of Rogers in a report on Thursday, February 21st. Five analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $188.50.

NYSE:ROG opened at $142.04 on Friday. Rogers Co. has a twelve month low of $89.21 and a twelve month high of $206.43. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 24.62 and a beta of 2.06. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.42 and a current ratio of 4.65.

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, beating the consensus estimate of $1.32 by $0.53. The firm had revenue of $239.80 million for the quarter, compared to analysts’ expectations of $226.25 million. Rogers had a return on equity of 13.71% and a net margin of 9.94%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 EPS. As a group, research analysts expect that Rogers Co. will post 6.67 earnings per share for the current fiscal year.

In related news, SVP Robert C. Daigle sold 13,294 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $191.13, for a total transaction of $2,540,882.22. Following the transaction, 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 legal filing with the SEC, which is accessible through this link. Also, CEO Bruce D. Hoechner sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $160.04, for a total value of $320,080.00. Following the transaction, the chief executive officer now directly owns 72,291 shares in the company, valued at $11,569,451.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,035 shares of company stock worth $6,763,170. 1.09% of the stock is currently owned by insiders.

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Rogers Company Profile

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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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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