Corient Private Wealth LLC Makes New Investment in CTS Co. (NYSE:CTS)

Corient Private Wealth LLC acquired a new stake in shares of CTS Co. (NYSE:CTS) during the fourth quarter, Holdings Channel reports. The firm acquired 4,049 shares of the electronics maker’s stock, valued at approximately $214,000.

Several other large investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in shares of CTS by 608.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker’s stock worth $39,000 after purchasing an additional 633 shares during the last quarter. KBC Group NV boosted its position in 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 buying an additional 630 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in CTS in the fourth quarter valued at about $202,000. Atria Wealth Solutions Inc. bought a new stake in CTS during the fourth quarter worth about $214,000. Finally, Handelsbanken Fonder AB increased its holdings in shares of CTS by 7.0% during the fourth quarter. Handelsbanken Fonder AB now owns 7,685 shares of the electronics maker’s stock worth $405,000 after buying an additional 500 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

CTS Price Performance

CTS stock opened at $41.17 on Wednesday. CTS Co. has a 52 week low of $40.86 and a 52 week high of $59.68. The firm has a market cap of $1.24 billion, a P/E ratio of 21.67 and a beta of 0.57. 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 business’s fifty day moving average is $45.56 and its two-hundred day moving average is $49.55.

CTS (NYSE:CTS) last issued its quarterly 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%. Equities research analysts forecast that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Friday, March 28th. CTS’s dividend payout ratio is currently 8.42%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised CTS from a “hold” rating to a “buy” rating in a report on Monday, March 3rd.

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.