Creative Planning Purchases 2,852 Shares of CTS Co. (NYSE:CTS)

Creative Planning lifted its position in shares of CTS Co. (NYSE:CTS) by 27.6% during the second quarter, Holdings Channel reports. The institutional investor owned 13,170 shares of the electronics maker’s stock after purchasing an additional 2,852 shares during the period. Creative Planning’s holdings in CTS were worth $667,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CTS. Wasatch Advisors LP grew its position in shares of CTS by 160.3% during the first quarter. Wasatch Advisors LP now owns 963,954 shares of the electronics maker’s stock valued at $45,103,000 after purchasing an additional 593,641 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of CTS by 7.6% during the 4th quarter. Wellington Management Group LLP now owns 1,344,017 shares of the electronics maker’s stock valued at $58,787,000 after acquiring an additional 94,901 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in CTS in the second quarter worth $4,001,000. Marshall Wace LLP purchased a new stake in CTS during the second quarter valued at $2,662,000. Finally, Earnest Partners LLC lifted its position in CTS by 3.0% during the second quarter. Earnest Partners LLC now owns 1,735,534 shares of the electronics maker’s stock valued at $87,870,000 after purchasing an additional 50,632 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

CTS Stock Performance

NYSE CTS opened at $48.25 on Monday. The stock has a 50-day simple moving average of $47.26 and a two-hundred day simple moving average of $48.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.85 and a current ratio of 3.41. The firm has a market capitalization of $1.49 billion, a P/E ratio of 28.38 and a beta of 0.57. CTS Co. has a fifty-two week low of $35.50 and a fifty-two week high of $55.47.

CTS (NYSE:CTS) last posted its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. CTS had a return on equity of 11.98% and a net margin of 10.70%. The business had revenue of $130.16 million during the quarter, compared to analysts’ expectations of $133.33 million. During the same period in the previous year, the business earned $0.59 earnings per share. The business’s revenue was down 10.3% compared to the same quarter last year. On average, equities analysts forecast that CTS Co. will post 2.15 earnings per share for the current year.

CTS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, September 27th. This represents a $0.16 annualized dividend and a yield of 0.33%. CTS’s dividend payout ratio (DPR) is currently 9.41%.

Wall Street Analyst Weigh In

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

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.