Intech Investment Management LLC Invests $1.72 Million in CTS Co. (NYSE:CTS)

Intech Investment Management LLC purchased a new position in shares of CTS Co. (NYSE:CTS) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 35,539 shares of the electronics maker’s stock, valued at approximately $1,719,000. Intech Investment Management LLC owned about 0.12% of CTS at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of CTS during the third quarter worth $1,890,000. Earnest Partners LLC grew its holdings in CTS by 3.0% during the 2nd quarter. Earnest Partners LLC now owns 1,735,534 shares of the electronics maker’s stock worth $87,870,000 after acquiring an additional 50,632 shares during the last quarter. Royce & Associates LP lifted its position in shares of CTS by 5.4% during the third quarter. Royce & Associates LP now owns 294,513 shares of the electronics maker’s stock worth $14,249,000 after purchasing an additional 15,062 shares in the last quarter. Raymond James & Associates grew its stake in shares of CTS by 55.1% during the second quarter. Raymond James & Associates now owns 132,729 shares of the electronics maker’s stock valued at $6,720,000 after purchasing an additional 47,149 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of CTS by 5.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 34,514 shares of the electronics maker’s stock valued at $1,616,000 after purchasing an additional 1,861 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

CTS Stock Performance

Shares of CTS stock opened at $55.49 on Tuesday. The stock has a 50-day moving average of $50.21 and a 200-day moving average of $50.12. CTS Co. has a one year low of $38.49 and a one year high of $59.68. The stock has a market cap of $1.67 billion, a PE ratio of 28.87 and a beta of 0.58. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.91.

CTS (NYSE:CTS) last posted its earnings results on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. CTS had a net margin of 11.66% and a return on equity of 12.39%. The company had revenue of $132.42 million for the quarter. During the same quarter last year, the business posted $0.54 earnings per share. As a group, sell-side analysts expect that CTS Co. will post 2.15 earnings per share for the current year.

CTS Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, December 27th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.29%. CTS’s dividend payout ratio (DPR) is currently 8.25%.

Analyst Upgrades and Downgrades

CTS has been the subject of a number of recent research reports. Scotiabank downgraded CTS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. StockNews.com cut shares of CTS from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

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.