Robert C. Daigle Sells 1,766 Shares of Rogers Corporation (ROG) Stock
Rogers Corporation (NYSE:ROG) SVP Robert C. Daigle sold 1,766 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $133.04, for a total transaction of $234,948.64. Following the sale, the senior vice president now owns 20,330 shares in the company, valued at approximately $2,704,703.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Robert C. Daigle also recently made the following trade(s):
- On Tuesday, August 1st, Robert C. Daigle sold 4,485 shares of Rogers Corporation stock. The shares were sold at an average price of $121.52, for a total transaction of $545,017.20.
Shares of Rogers Corporation (ROG) traded up 1.71% during trading on Tuesday, hitting $136.92. The stock had a trading volume of 89,502 shares. Rogers Corporation has a 52-week low of $51.98 and a 52-week high of $136.97. The firm has a market cap of $2.49 billion, a PE ratio of 33.02 and a beta of 1.16. The stock has a 50 day moving average of $122.31 and a 200 day moving average of $108.44.
Rogers Corporation (NYSE:ROG) last posted its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.13. The firm 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%. Rogers Corporation’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, equities analysts anticipate that Rogers Corporation will post $5.55 EPS for the current year.
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Institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in Rogers Corporation by 40.6% in the first quarter. Russell Investments Group Ltd. now owns 14,200 shares of the electronics maker’s stock worth $1,219,000 after buying an additional 4,102 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Rogers Corporation by 5.0% in the first quarter. Wells Fargo & Company MN now owns 81,816 shares of the electronics maker’s stock worth $7,026,000 after buying an additional 3,876 shares in the last quarter. US Bancorp DE grew its holdings in shares of Rogers Corporation by 2.0% during the first quarter. US Bancorp DE now owns 6,390 shares of the electronics maker’s stock valued at $549,000 after buying an additional 124 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Rogers Corporation by 31.4% during the first quarter. Bank of New York Mellon Corp now owns 326,777 shares of the electronics maker’s stock valued at $28,060,000 after buying an additional 78,105 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of Rogers Corporation by 84.3% during the first quarter. UBS Asset Management Americas Inc. now owns 6,267 shares of the electronics maker’s stock valued at $538,000 after buying an additional 2,867 shares during the last quarter. 92.89% of the stock is owned by institutional investors and hedge funds.
Several research analysts have commented on the stock. BidaskClub downgraded shares of Rogers Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. B. Riley reiterated a “buy” rating and issued a $147.00 price target on shares of Rogers Corporation in a research note on Sunday, August 20th. Zacks Investment Research raised Rogers Corporation from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Friday, August 18th. 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $135.00 price target (up previously from $115.00) on shares of Rogers Corporation in a report on Wednesday, August 2nd. Eight investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $134.25.
About Rogers Corporation
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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