Wells Fargo & Company MN boosted its holdings in shares of Rogers Co. (NYSE:ROG) by 12.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,692 shares of the electronics maker’s stock after purchasing an additional 10,863 shares during the period. Wells Fargo & Company MN owned about 0.55% of Rogers worth $16,143,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Oppenheimer Asset Management Inc. grew its holdings in shares of Rogers by 178.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 782 shares of the electronics maker’s stock worth $105,000 after acquiring an additional 501 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Rogers by 59.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 916 shares of the electronics maker’s stock worth $148,000 after acquiring an additional 340 shares during the period. Quantbot Technologies LP grew its holdings in shares of Rogers by 852.9% during the 3rd quarter. Quantbot Technologies LP now owns 1,134 shares of the electronics maker’s stock worth $151,000 after acquiring an additional 1,015 shares during the period. LS Investment Advisors LLC grew its holdings in shares of Rogers by 104.7% during the 4th quarter. LS Investment Advisors LLC now owns 1,263 shares of the electronics maker’s stock worth $205,000 after acquiring an additional 646 shares during the period. Finally, WealthTrust Axiom LLC purchased a new position in shares of Rogers during the 4th quarter worth approximately $242,000. Institutional investors own 96.85% of the company’s stock.
Shares of Rogers Co. (ROG) opened at $137.09 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.99 and a quick ratio of 3.01. The firm has a market capitalization of $2,500.00, a P/E ratio of 37.35 and a beta of 1.36. Rogers Co. has a 52 week low of $80.35 and a 52 week high of $184.00.
ROG has been the topic of a number of research analyst reports. ValuEngine downgraded Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. B. Riley reiterated a “buy” rating and set a $180.00 target price on shares of Rogers in a report on Friday, December 15th. Needham & Company LLC upped their target price on Rogers to $180.00 and gave the stock a “positive” rating in a report on Tuesday, December 19th. Finally, Zacks Investment Research downgraded Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. 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 company’s stock. Rogers currently has an average rating of “Buy” and an average target price of $162.75.
In related news, SVP Jeffrey M. Grudzien sold 1,430 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $155.83, for a total value of $222,836.90. Following the sale, the senior vice president now owns 23,293 shares in the company, valued at approximately $3,629,748.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jay B. Knoll sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $131.78, for a total value of $164,725.00. Following the completion of the sale, the senior vice president now owns 5,909 shares in the company, valued at approximately $778,688.02. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/03/14/rogers-co-rog-shares-bought-by-wells-fargo-company-mn.html.
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.
Want to see what other hedge funds are holding ROG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rogers Co. (NYSE:ROG).
Receive News & Ratings for Rogers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers and related companies with MarketBeat.com's FREE daily email newsletter.