Principal Financial Group Inc. Decreases Stock Holdings in Rogers Co. (NYSE:ROG)

Principal Financial Group Inc. decreased its position in Rogers Co. (NYSE:ROG – Get Rating) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,946 shares of the electronics maker’s stock after selling 264 shares during the quarter. Principal Financial Group Inc. owned approximately 0.62% of Rogers worth $13,837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ROG. Eaton Vance Management boosted its stake in Rogers by 1.0% during the first quarter. Eaton Vance Management now owns 3,825 shares of the electronics maker’s stock worth $1,039,000 after acquiring an additional 39 shares in the last quarter. Mackenzie Financial Corp raised its position in Rogers by 4.9% in the first quarter. Mackenzie Financial Corp now owns 1,064 shares of the electronics maker’s stock worth $289,000 after acquiring an additional 50 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Rogers by 0.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 16,187 shares of the electronics maker’s stock valued at $4,512,000 after purchasing an additional 61 shares during the period. Evergreen Capital Management LLC raised its position in shares of Rogers by 14.0% during the 1st quarter. Evergreen Capital Management LLC now owns 937 shares of the electronics maker’s stock valued at $255,000 after purchasing an additional 115 shares during the period. Finally, Amalgamated Bank increased its holdings in Rogers by 1.3% in the 3rd quarter. Amalgamated Bank now owns 9,173 shares of the electronics maker’s stock valued at $2,219,000 after acquiring an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ROG. CJS Securities began coverage on shares of Rogers in a research note on Tuesday, March 14th. They issued an “outperform” rating and a $185.00 price objective for the company. TheStreet raised shares of Rogers from a “d+” rating to a “c-” rating in a research note on Tuesday, February 14th. StockNews.com began coverage on shares of Rogers in a research note on Thursday, May 18th. They issued a “sell” rating for the company. Finally, B. Riley lifted their price target on shares of Rogers from $200.00 to $205.00 in a research note on Friday, April 28th.

Rogers Price Performance

ROG stock opened at $153.49 on Thursday. Rogers Co. has a 12 month low of $98.45 and a 12 month high of $271.12. The company has a current ratio of 4.80, a quick ratio of 3.41 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $158.02 and a 200 day moving average price of $138.93. The stock has a market cap of $2.86 billion, a PE ratio of 30.04 and a beta of 0.96.

Rogers (NYSE:ROG – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The electronics maker reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. Rogers had a net margin of 9.98% and a return on equity of 7.05%. The company had revenue of $223.70 million during the quarter, compared to analyst estimates of $235.40 million. Equities research analysts anticipate that Rogers Co. will post 4.49 earnings per share for the current year.

Insider Activity at Rogers

In related news, Director Anne K. Roby acquired 300 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was bought at an average price of $162.01 per share, for a total transaction of $48,603.00. Following the acquisition, the director now directly owns 300 shares of the company’s stock, valued at approximately $48,603. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Rogers news, Director Carol R. Jensen sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $154.28, for a total transaction of $154,280.00. Following the sale, the director now owns 12,538 shares of the company’s stock, valued at approximately $1,934,362.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Anne K. Roby acquired 300 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was acquired at an average cost of $162.01 per share, for a total transaction of $48,603.00. Following the completion of the acquisition, the director now directly owns 300 shares in the company, valued at $48,603. The disclosure for this purchase can be found here. 1.35% of the stock is currently owned by company insiders.

Rogers Company Profile

(Get Rating)

Rogers Corp. engages in the design, development, manufacture, and sale of engineered materials and components for mission critical applications. It operates through the following segments: Advanced Electronics Solutions (AES) and Elastomeric Material Solutions (EMS), and Other. The AES segment offers manufactures and sells circuit materials, ceramic substrate materials, busbars and cooling solutions for applications in electric and hybrid electric vehicles, wireless infrastructure, automotive, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices and wired infrastructures.