CTS Co. (NYSE:CTS) Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its stake in shares of CTS Co. (NYSE:CTS) by 608.7% during the fourth quarter, Holdings Channel reports. The firm owned 737 shares of the electronics maker’s stock after purchasing an additional 633 shares during the period. Smartleaf Asset Management LLC’s holdings in CTS were worth $39,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of CTS by 1.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 26,646 shares of the electronics maker’s stock valued at $1,405,000 after purchasing an additional 328 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in CTS by 7.0% in the fourth quarter. Handelsbanken Fonder AB now owns 7,685 shares of the electronics maker’s stock valued at $405,000 after buying an additional 500 shares during the last quarter. KBC Group NV boosted its holdings in shares of CTS by 58.2% in the fourth quarter. KBC Group NV now owns 1,713 shares of the electronics maker’s stock valued at $90,000 after acquiring an additional 630 shares during the period. Raymond James Trust N.A. grew its position in shares of CTS by 13.6% during the third quarter. Raymond James Trust N.A. now owns 5,587 shares of the electronics maker’s stock worth $270,000 after acquiring an additional 669 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in shares of CTS during the third quarter worth approximately $92,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

CTS Stock Performance

NYSE CTS opened at $42.56 on Wednesday. The firm has a market cap of $1.28 billion, a P/E ratio of 22.40 and a beta of 0.57. CTS Co. has a 52-week low of $41.90 and a 52-week high of $59.68. The business’s 50-day moving average price is $48.25 and its 200 day moving average price is $50.04. The company has a quick ratio of 1.95, a current ratio of 2.50 and a debt-to-equity ratio of 0.17.

CTS (NYSE:CTS) last posted its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. On average, equities research analysts expect that CTS Co. will post 2.28 earnings per share for the current year.

CTS Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.38%. CTS’s dividend payout ratio (DPR) is 8.42%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of CTS from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd.

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.