Price T Rowe Associates Inc. MD Raises Stake in Rogers Co. (NYSE:ROG)

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Price T Rowe Associates Inc. MD increased its stake in shares of Rogers Co. (NYSE:ROG) by 1.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,930 shares of the electronics maker’s stock after purchasing an additional 99 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Rogers were worth $1,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ROG. BlackRock Inc. raised its holdings in shares of Rogers by 1.1% during the 2nd quarter. BlackRock Inc. now owns 2,695,362 shares of the electronics maker’s stock valued at $465,166,000 after buying an additional 28,524 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Rogers by 1.5% in the second quarter. Vanguard Group Inc. now owns 1,963,507 shares of the electronics maker’s stock worth $338,863,000 after purchasing an additional 29,301 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of Rogers by 2.6% in the second quarter. Conestoga Capital Advisors LLC now owns 564,966 shares of the electronics maker’s stock worth $97,502,000 after acquiring an additional 14,579 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Rogers by 17.9% in the second quarter. Wells Fargo & Company MN now owns 380,761 shares of the electronics maker’s stock worth $65,711,000 after acquiring an additional 57,753 shares during the period. Finally, Front Street Capital Management Inc. grew its holdings in shares of Rogers by 42.8% in the second quarter. Front Street Capital Management Inc. now owns 253,307 shares of the electronics maker’s stock worth $43,716,000 after acquiring an additional 75,924 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

ROG has been the subject of several research analyst reports. Zacks Investment Research lowered Rogers from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 3rd. ValuEngine lowered Rogers from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Rogers currently has a consensus rating of “Buy” and a consensus price target of $194.75.

NYSE:ROG opened at $144.62 on Friday. The stock has a 50-day simple moving average of $135.94 and a two-hundred day simple moving average of $153.45. Rogers Co. has a 52-week low of $89.21 and a 52-week high of $206.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.33 and a current ratio of 4.52. The firm has a market capitalization of $2.44 billion, a PE ratio of 19.94 and a beta of 2.20.

Rogers (NYSE:ROG) last released its quarterly earnings data on Wednesday, July 31st. The electronics maker reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.09. The firm had revenue of $242.90 million during the quarter, compared to analyst estimates of $244.90 million. Rogers had a return on equity of 14.33% and a net margin of 10.39%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 earnings per share. Equities analysts forecast that Rogers Co. will post 6.3 earnings per share for the current fiscal year.

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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