Rogers Corporation (NYSE:ROG) SVP Robert C. Daigle sold 1,766 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $133.04, for a total transaction of $234,948.64. Following the completion of the sale, the senior vice president now directly owns 20,330 shares of the company’s stock, valued at approximately $2,704,703.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 (NYSE:ROG) traded up 0.65% during midday trading on Friday, reaching $136.70. 253,472 shares of the company’s stock traded hands. The company has a 50 day moving average of $127.16 and a 200 day moving average of $111.11. Rogers Corporation has a 52-week low of $51.98 and a 52-week high of $138.32. The firm has a market cap of $2.48 billion, a PE ratio of 32.96 and a beta of 1.16.

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

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A number of brokerages have recently weighed in on ROG. Zacks Investment Research cut shares of Rogers Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Needham & Company LLC reissued a “buy” rating and set a $135.00 price target (up from $115.00) on shares of Rogers Corporation in a research report on Wednesday, August 2nd. B. Riley restated a “buy” rating and set a $147.00 price objective on shares of Rogers Corporation in a report on Saturday, August 5th. BidaskClub upgraded shares of Rogers Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, Sidoti restated a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Rogers Corporation in a report on Monday, June 19th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $134.25.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. boosted its position in shares of Rogers Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,891 shares of the electronics maker’s stock valued at $640,000 after acquiring an additional 16 shares during the last quarter. HighTower Advisors LLC lifted its position in Rogers Corporation by 0.7% in the first quarter. HighTower Advisors LLC now owns 5,842 shares of the electronics maker’s stock worth $502,000 after buying an additional 42 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Rogers Corporation by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 4,110 shares of the electronics maker’s stock worth $353,000 after buying an additional 50 shares during the last quarter. Clinton Group Inc. lifted its position in Rogers Corporation by 1.7% in the first quarter. Clinton Group Inc. now owns 2,992 shares of the electronics maker’s stock worth $257,000 after buying an additional 51 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Rogers Corporation by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the electronics maker’s stock worth $804,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 92.89% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Rogers Corporation (NYSE:ROG)

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