Rogers Co. (ROG) Stake Lowered by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in Rogers Co. (NYSE:ROG) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,441 shares of the electronics maker’s stock after selling 456 shares during the quarter. California State Teachers Retirement System’s holdings in Rogers were worth $4,605,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Stone Ridge Asset Management LLC bought a new position in shares of Rogers in the fourth quarter valued at approximately $241,000. Guggenheim Capital LLC bought a new position in shares of Rogers in the fourth quarter valued at approximately $2,027,000. Advisor Group Inc. raised its position in shares of Rogers by 89.2% in the fourth quarter. Advisor Group Inc. now owns 2,007 shares of the electronics maker’s stock valued at $325,000 after purchasing an additional 946 shares during the period. Profund Advisors LLC raised its position in shares of Rogers by 18.8% in the fourth quarter. Profund Advisors LLC now owns 2,255 shares of the electronics maker’s stock valued at $365,000 after purchasing an additional 357 shares during the period. Finally, Koch Industries Inc. bought a new position in shares of Rogers in the fourth quarter valued at approximately $469,000. 96.67% of the stock is currently owned by institutional investors.

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In related news, SVP Jeffrey M. Grudzien sold 1,430 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $155.83, for a total transaction of $222,836.90. Following the transaction, the senior vice president now owns 23,293 shares of the company’s stock, valued at $3,629,748.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jay B. Knoll sold 1,250 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was 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 in the company, valued at approximately $778,688.02. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

A number of research firms have recently commented on ROG. Zacks Investment Research lowered shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 4th. Needham & Company LLC lifted their price target on shares of Rogers to $180.00 and gave the company a “positive” rating in a research report on Tuesday, December 19th. Finally, B. Riley reissued a “buy” rating and issued a $180.00 price target on shares of Rogers in a research report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $162.75.

Shares of ROG stock opened at $119.54 on Friday. Rogers Co. has a 1 year low of $80.35 and a 1 year high of $184.00. The firm has a market cap of $2,189.49, a P/E ratio of 20.75 and a beta of 1.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.01 and a current ratio of 3.99.

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

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Rogers Profile

Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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