Metropolitan Life Insurance Co NY Trims Holdings in Rogers Co. (NYSE:ROG)

Metropolitan Life Insurance Co NY decreased its stake in shares of Rogers Co. (NYSE:ROG) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,812 shares of the electronics maker’s stock after selling 120 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Rogers were worth $923,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Private Capital Group LLC boosted its stake in Rogers by 48.6% during the first quarter. Private Capital Group LLC now owns 214 shares of the electronics maker’s stock worth $34,000 after buying an additional 70 shares during the period. Bank of Montreal Can boosted its stake in Rogers by 22.9% during the fourth quarter. Bank of Montreal Can now owns 876 shares of the electronics maker’s stock worth $87,000 after buying an additional 163 shares during the period. Ellis Investment Partners LLC purchased a new position in shares of Rogers in the first quarter valued at approximately $104,000. Advisor Group Inc. boosted its stake in shares of Rogers by 9.6% in the fourth quarter. Advisor Group Inc. now owns 1,385 shares of the electronics maker’s stock valued at $137,000 after purchasing an additional 121 shares during the period. Finally, Neuburgh Advisers LLC boosted its stake in shares of Rogers by 18.3% in the fourth quarter. Neuburgh Advisers LLC now owns 1,760 shares of the electronics maker’s stock valued at $174,000 after purchasing an additional 272 shares during the period. Institutional investors and hedge funds own 99.89% of the company’s stock.

In other Rogers news, VP Marc J. Beulque sold 209 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $193.00, for a total transaction of $40,337.00. Following the sale, the vice president now directly owns 2,225 shares in the company, valued at approximately $429,425. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert C. Daigle sold 13,294 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $191.13, for a total transaction of $2,540,882.22. Following the sale, the senior vice president now owns 27,229 shares in the company, valued at $5,204,278.77. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by insiders.

Shares of Rogers stock traded up $1.20 during trading on Thursday, reaching $161.61. The company’s stock had a trading volume of 181,467 shares, compared to its average volume of 184,314. The stock has a 50-day moving average price of $160.15. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 28.01 and a beta of 2.20. Rogers Co. has a fifty-two week low of $89.21 and a fifty-two week high of $206.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.42 and a current ratio of 4.65.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Tuesday, April 30th. The electronics maker reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.53. The company had revenue of $239.80 million for the quarter, compared to analysts’ expectations of $226.25 million. Rogers had a net margin of 9.94% and a return on equity of 13.71%. Rogers’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.48 EPS. As a group, sell-side analysts anticipate that Rogers Co. will post 6.64 EPS for the current year.

Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Stifel Nicolaus assumed coverage on shares of Rogers in a research note on Thursday, May 30th. They issued a “buy” rating and a $200.00 price target for the company. B. Riley raised their price objective on shares of Rogers from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, ValuEngine raised shares of Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Rogers currently has a consensus rating of “Buy” and a consensus price target of $190.80.

Rogers Company Profile

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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