CTS Co. (NYSE:CTS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its stake in CTS Co. (NYSE:CTS) by 2.4% during the 4th quarter, Holdings Channel reports. The firm owned 23,278 shares of the electronics maker’s stock after selling 568 shares during the quarter. Thrivent Financial for Lutherans’ holdings in CTS were worth $1,227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its holdings in CTS by 1.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 26,646 shares of the electronics maker’s stock worth $1,405,000 after buying an additional 328 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of 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 acquiring an additional 500 shares in the last quarter. KBC Group NV boosted its stake 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 worth $90,000 after acquiring an additional 630 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of CTS by 608.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker’s stock worth $39,000 after purchasing an additional 633 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of CTS by 5.2% during the fourth quarter. Natixis Advisors LLC now owns 17,709 shares of the electronics maker’s stock worth $934,000 after buying an additional 868 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

CTS Trading Down 1.5 %

Shares of CTS stock opened at $41.54 on Tuesday. CTS Co. has a fifty-two week low of $41.23 and a fifty-two week high of $59.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.95 and a current ratio of 2.50. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 21.86 and a beta of 0.57. The stock has a 50 day moving average of $45.79 and a 200 day moving average of $49.59.

CTS (NYSE:CTS) last released its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share (EPS) 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%. As a group, research analysts predict that CTS Co. will post 2.28 earnings per share for the current year.

CTS Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 yield of 0.39%. CTS’s dividend payout ratio (DPR) is presently 8.42%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded CTS from a “hold” rating to a “buy” rating in a research report 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.