Rogers Corporation (ROG) Shares Bought by Walthausen & Co. LLC

Walthausen & Co. LLC boosted its position in Rogers Corporation (NYSE:ROG) by 103.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,942 shares of the electronics maker’s stock after purchasing an additional 89,838 shares during the quarter. Rogers Corporation comprises about 1.9% of Walthausen & Co. LLC’s portfolio, making the stock its 3rd biggest holding. Walthausen & Co. LLC owned approximately 0.97% of Rogers Corporation worth $19,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of Rogers Corporation by 4.1% during the 2nd quarter. State Street Corp now owns 445,798 shares of the electronics maker’s stock valued at $48,420,000 after acquiring an additional 17,726 shares during the period. San Francisco Sentry Investment Group CA bought a new stake in shares of Rogers Corporation during the 2nd quarter valued at $163,000. AHL Partners LLP lifted its position in shares of Rogers Corporation by 15.5% during the 2nd quarter. AHL Partners LLP now owns 9,690 shares of the electronics maker’s stock valued at $1,052,000 after acquiring an additional 1,303 shares during the period. Tudor Investment Corp ET AL lifted its position in shares of Rogers Corporation by 13.0% during the 2nd quarter. Tudor Investment Corp ET AL now owns 7,270 shares of the electronics maker’s stock valued at $790,000 after acquiring an additional 834 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Rogers Corporation by 29.1% during the 2nd quarter. HighTower Advisors LLC now owns 7,542 shares of the electronics maker’s stock valued at $819,000 after acquiring an additional 1,700 shares during the period. Institutional investors and hedge funds own 92.89% of the company’s stock.

In related news, SVP Robert C. Daigle sold 4,485 shares of Rogers Corporation stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $121.52, for a total transaction of $545,017.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce D. Hoechner sold 23,200 shares of Rogers Corporation stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $133.23, for a total value of $3,090,936.00. The disclosure for this sale can be found here. Insiders have sold 40,466 shares of company stock valued at $5,189,628 in the last three months. 1.50% of the stock is owned by corporate insiders.

Shares of Rogers Corporation (NYSE ROG) traded down 0.20% during mid-day trading on Tuesday, hitting $136.50. The company had a trading volume of 34,353 shares. The company’s 50-day moving average is $124.75 and its 200 day moving average is $110.00. The company has a market capitalization of $2.48 billion, a PE ratio of 32.92 and a beta of 1.16. Rogers Corporation has a one year low of $51.98 and a one year high of $138.32.

Rogers Corporation (NYSE:ROG) last posted its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.13. The company had revenue of $201.40 million during the quarter, compared to analyst estimates of $195.60 million. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. On average, equities research analysts forecast that Rogers Corporation will post $5.55 EPS for the current fiscal year.

A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded Rogers Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. B. Riley reiterated a “buy” rating and set a $147.00 target price on shares of Rogers Corporation in a research report on Sunday, August 20th. BidaskClub upgraded Rogers Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Needham & Company LLC reiterated a “buy” rating and set a $135.00 target price (up from $115.00) on shares of Rogers Corporation in a research report on Wednesday, August 2nd. Finally, Sidoti reiterated a “buy” rating and set a $125.00 target price (up from $120.00) on shares of Rogers Corporation in a research report on Monday, June 19th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Rogers Corporation has a consensus rating of “Buy” and an average price target of $134.25.

TRADEMARK VIOLATION NOTICE: “Rogers Corporation (ROG) Shares Bought by Walthausen & Co. LLC” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of Rogers Corporation by 4.1% during the 2nd quarter. State Street Corp now owns 445,798 shares of the electronics maker’s stock valued at $48,420,000 after acquiring an additional 17,726 shares during the period. San Francisco Sentry Investment Group CA bought a new stake in shares of Rogers Corporation during the 2nd quarter valued at $163,000. AHL Partners LLP lifted its position in shares of Rogers Corporation by 15.5% during the 2nd quarter. AHL Partners LLP now owns 9,690 shares of the electronics maker’s stock valued at $1,052,000 after acquiring an additional 1,303 shares during the period. Tudor Investment Corp ET AL lifted its position in shares of Rogers Corporation by 13.0% during the 2nd quarter. Tudor Investment Corp ET AL now owns 7,270 shares of the electronics maker’s stock valued at $790,000 after acquiring an additional 834 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Rogers Corporation by 29.1% during the 2nd quarter. HighTower Advisors LLC now owns 7,542 shares of the electronics maker’s stock valued at $819,000 after acquiring an additional 1,700 shares during the period. Institutional investors and hedge funds own 92.89% of the company’s stock.

In related news, SVP Robert C. Daigle sold 4,485 shares of Rogers Corporation stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $121.52, for a total transaction of $545,017.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce D. Hoechner sold 23,200 shares of Rogers Corporation stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $133.23, for a total value of $3,090,936.00. The disclosure for this sale can be found here. Insiders have sold 40,466 shares of company stock valued at $5,189,628 in the last three months. 1.50% of the stock is owned by corporate insiders.

Shares of Rogers Corporation (NYSE ROG) traded down 0.20% during mid-day trading on Tuesday, hitting $136.50. The company had a trading volume of 34,353 shares. The company’s 50-day moving average is $124.75 and its 200 day moving average is $110.00. The company has a market capitalization of $2.48 billion, a PE ratio of 32.92 and a beta of 1.16. Rogers Corporation has a one year low of $51.98 and a one year high of $138.32.

Rogers Corporation (NYSE:ROG) last posted its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.13. The company had revenue of $201.40 million during the quarter, compared to analyst estimates of $195.60 million. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. On average, equities research analysts forecast that Rogers Corporation will post $5.55 EPS for the current fiscal year.

A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded Rogers Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. B. Riley reiterated a “buy” rating and set a $147.00 target price on shares of Rogers Corporation in a research report on Sunday, August 20th. BidaskClub upgraded Rogers Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Needham & Company LLC reiterated a “buy” rating and set a $135.00 target price (up from $115.00) on shares of Rogers Corporation in a research report on Wednesday, August 2nd. Finally, Sidoti reiterated a “buy” rating and set a $125.00 target price (up from $120.00) on shares of Rogers Corporation in a research report on Monday, June 19th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Rogers Corporation has a consensus rating of “Buy” and an average price target of $134.25.

TRADEMARK VIOLATION NOTICE: “Rogers Corporation (ROG) Shares Bought by Walthausen & Co. LLC” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/10/rogers-corporation-rog-shares-bought-by-walthausen-co-llc.html.

Rogers Corporation Company 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 Corporation (NYSE:ROG)

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