35,539 Shares in CTS Co. (NYSE:CTS) Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in CTS Co. (NYSE:CTS) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 35,539 shares of the electronics maker’s stock, valued at approximately $1,719,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of CTS in the second quarter valued at about $27,000. GAMMA Investing LLC lifted its stake in CTS by 132.5% in the 3rd quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 334 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in CTS during the 2nd quarter worth approximately $41,000. Quest Partners LLC acquired a new position in CTS during the third quarter worth $92,000. Finally, Hantz Financial Services Inc. bought a new position in CTS in the second quarter valued at $157,000. 96.87% of the stock is owned by institutional investors and hedge funds.

CTS Stock Performance

NYSE CTS opened at $55.49 on Tuesday. The firm has a market capitalization of $1.67 billion, a P/E ratio of 28.87 and a beta of 0.58. The company has a current ratio of 2.46, a quick ratio of 1.91 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average price is $50.21 and its two-hundred day moving average price is $50.12. CTS Co. has a 1 year low of $38.49 and a 1 year high of $59.68.

CTS (NYSE:CTS) last issued its earnings results on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. CTS had a net margin of 11.66% and a return on equity of 12.39%. The company had revenue of $132.42 million for the quarter. During the same period in the previous year, the company posted $0.54 earnings per share. As a group, research analysts anticipate that CTS Co. will post 2.15 EPS for the current year.

CTS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, December 27th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, December 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.29%. CTS’s dividend payout ratio is currently 8.25%.

Analyst Upgrades and Downgrades

CTS has been the topic of several analyst reports. Scotiabank cut shares of CTS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. StockNews.com cut CTS from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

CTS Profile

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.