CTS Co. (NYSE:CTS) Shares Bought by Annex Advisory Services LLC

Annex Advisory Services LLC grew its holdings in shares of CTS Co. (NYSE:CTS) by 6.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,075 shares of the electronics maker’s stock after purchasing an additional 1,407 shares during the period. Annex Advisory Services LLC owned approximately 0.07% of CTS worth $1,033,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CTS. SummerHaven Investment Management LLC raised its position in CTS by 1.5% in the fourth quarter. SummerHaven Investment Management LLC now owns 17,022 shares of the electronics maker’s stock worth $745,000 after acquiring an additional 255 shares in the last quarter. Quadrant Capital Group LLC raised its position in CTS by 25.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,636 shares of the electronics maker’s stock worth $72,000 after acquiring an additional 336 shares in the last quarter. Franklin Resources Inc. raised its position in CTS by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 69,086 shares of the electronics maker’s stock worth $3,022,000 after acquiring an additional 401 shares in the last quarter. Parallel Advisors LLC raised its position in CTS by 245.5% in the fourth quarter. Parallel Advisors LLC now owns 577 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 410 shares in the last quarter. Finally, Sendero Wealth Management LLC raised its position in CTS by 10.7% in the fourth quarter. Sendero Wealth Management LLC now owns 6,198 shares of the electronics maker’s stock worth $271,000 after acquiring an additional 600 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut CTS from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th.

Insider Buying and Selling at CTS

In other CTS news, SVP Martin Baumeister sold 5,733 shares of CTS stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $52.39, for a total transaction of $300,351.87. Following the transaction, the senior vice president now owns 19,811 shares of the company’s stock, valued at approximately $1,037,898.29. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other CTS news, CEO Kieran M. O’sullivan sold 14,976 shares of CTS stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $47.13, for a total transaction of $705,818.88. Following the transaction, the chief executive officer now owns 501,637 shares of the company’s stock, valued at approximately $23,642,151.81. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Martin Baumeister sold 5,733 shares of CTS stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $52.39, for a total value of $300,351.87. Following the transaction, the senior vice president now directly owns 19,811 shares in the company, valued at approximately $1,037,898.29. The disclosure for this sale can be found here. Insiders have sold a total of 68,335 shares of company stock valued at $3,248,248 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

CTS Trading Down 0.1 %

Shares of CTS opened at $50.66 on Wednesday. The business’s 50-day moving average price is $50.42 and its 200 day moving average price is $46.17. The stock has a market capitalization of $1.56 billion, a P/E ratio of 29.80 and a beta of 0.60. CTS Co. has a 1-year low of $35.50 and a 1-year high of $54.73. The company has a current ratio of 3.32, a quick ratio of 2.71 and a debt-to-equity ratio of 0.13.

CTS (NYSE:CTS) last issued its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $125.70 million for the quarter, compared to analysts’ expectations of $126.75 million. CTS had a return on equity of 12.39% and a net margin of 10.06%. CTS’s revenue was down 13.9% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. Analysts expect that CTS Co. will post 2.25 earnings per share for the current year.

CTS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.16 annualized dividend and a yield of 0.32%. CTS’s dividend payout ratio (DPR) is presently 9.41%.

About CTS

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.