CTS (NYSE:CTS) Upgraded at StockNews.com

StockNews.com upgraded shares of CTS (NYSE:CTS) from a hold rating to a buy rating in a report released on Monday morning.

CTS Stock Performance

Shares of NYSE:CTS opened at $43.37 on Monday. CTS has a 52 week low of $41.90 and a 52 week high of $59.68. The stock has a market capitalization of $1.30 billion, a P/E ratio of 22.82 and a beta of 0.59. The firm has a fifty day simple moving average of $49.05 and a two-hundred day simple moving average of $50.17. 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 released its earnings results on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.06). CTS had a return on equity of 12.67% and a net margin of 11.27%. On average, analysts expect that CTS will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be issued a $0.04 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.37%. CTS’s dividend payout ratio (DPR) is presently 8.42%.

Insider Transactions at CTS

In related news, CEO Kieran M. O’sullivan sold 6,690 shares of CTS stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $55.83, for a total transaction of $373,502.70. Following the completion of the sale, the chief executive officer now owns 375,643 shares in the company, valued at $20,972,148.69. This trade represents a 1.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On CTS

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP lifted its holdings in CTS by 572.4% during the 4th quarter. Quarry LP now owns 659 shares of the electronics maker’s stock valued at $35,000 after buying an additional 561 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in CTS by 608.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker’s stock valued at $39,000 after buying an additional 633 shares in the last quarter. KBC Group NV lifted its holdings in CTS by 58.2% during the 4th quarter. KBC Group NV now owns 1,713 shares of the electronics maker’s stock valued at $90,000 after buying an additional 630 shares in the last quarter. Quest Partners LLC bought a new stake in CTS during the 3rd quarter valued at about $92,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in CTS during the 4th quarter valued at about $202,000. Institutional investors own 96.87% of the company’s stock.

CTS Company 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.