MetLife Investment Management LLC Acquires 125 Shares of Rogers Co. (NYSE:ROG)

Posted by on Feb 26th, 2023

MetLife Investment Management LLC boosted its holdings in shares of Rogers Co. (NYSE:ROG – Get Rating) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,941 shares of the electronics maker’s stock after purchasing an additional 125 shares during the quarter. MetLife Investment Management LLC owned about 0.05% of Rogers worth $2,405,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ROG. American Century Companies Inc. boosted its stake in Rogers by 6.2% during the 1st quarter. American Century Companies Inc. now owns 2,860 shares of the electronics maker’s stock valued at $777,000 after purchasing an additional 168 shares during the period. Bank of Montreal Can boosted its stake in Rogers by 78.5% during the 1st quarter. Bank of Montreal Can now owns 9,379 shares of the electronics maker’s stock valued at $2,559,000 after purchasing an additional 4,125 shares during the period. Rhumbline Advisers boosted its stake in Rogers by 13.0% during the 1st quarter. Rhumbline Advisers now owns 39,668 shares of the electronics maker’s stock valued at $10,778,000 after purchasing an additional 4,576 shares during the period. Great West Life Assurance Co. Can boosted its stake in 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. Finally, Vanguard Group Inc. boosted its stake in Rogers by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 2,060,836 shares of the electronics maker’s stock valued at $559,930,000 after purchasing an additional 18,285 shares during the period. Institutional investors own 95.35% of the company’s stock.

Rogers Trading Up 1.5 %

Rogers stock opened at $149.86 on Friday. The business has a 50 day moving average price of $132.75 and a two-hundred day moving average price of $175.86. The company has a quick ratio of 3.36, a current ratio of 4.62 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 39.33 and a beta of 1.03. Rogers Co. has a 12 month low of $98.45 and a 12 month high of $274.51.

Wall Street Analyst Weigh In

ROG has been the subject of several recent research reports. B. Riley reaffirmed a “buy” rating and issued a $180.00 price target on shares of Rogers in a report on Tuesday, February 14th. StockNews.com cut Rogers from a “hold” rating to a “sell” rating in a report on Saturday, November 19th. Finally, TheStreet raised Rogers from a “d+” rating to a “c-” rating in a report on Tuesday, February 14th.

About Rogers

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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.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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