Nuance Investments LLC Sells 281,155 Shares of Rogers Corporation $ROG

Nuance Investments LLC decreased its position in Rogers Corporation (NYSE:ROG) by 69.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,411 shares of the electronics maker’s stock after selling 281,155 shares during the quarter. Rogers accounts for 1.0% of Nuance Investments LLC’s portfolio, making the stock its 27th biggest holding. Nuance Investments LLC’s holdings in Rogers were worth $9,849,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Rogers by 1.0% during the second quarter. Geode Capital Management LLC now owns 420,556 shares of the electronics maker’s stock worth $28,803,000 after buying an additional 4,240 shares during the period. Summit Global Investments bought a new stake in Rogers during the 2nd quarter valued at about $812,000. Bank of Montreal Can bought a new stake in shares of Rogers during the second quarter valued at approximately $327,000. Creative Planning increased its holdings in Rogers by 39.0% during the 2nd quarter. Creative Planning now owns 36,505 shares of the electronics maker’s stock worth $2,500,000 after purchasing an additional 10,246 shares during the period. Finally, Norges Bank purchased a new position in shares of Rogers during the second quarter valued at $89,111,000. 96.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ROG shares. Zacks Research lowered shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Rogers in a report on Thursday, January 22nd. B. Riley Financial reiterated a “buy” rating on shares of Rogers in a research note on Thursday, October 30th. Finally, Wall Street Zen upgraded Rogers from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Rogers has an average rating of “Hold” and an average price target of $85.00.

Rogers Stock Up 3.8%

ROG stock opened at $105.97 on Monday. The firm has a market cap of $1.91 billion, a P/E ratio of -29.19 and a beta of 0.40. The company’s 50-day simple moving average is $94.62 and its 200-day simple moving average is $84.78. Rogers Corporation has a 52-week low of $51.43 and a 52-week high of $107.05.

Rogers Company Profile

Rogers Corporation (NYSE: ROG) is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.

Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.