CTS Co. (NYSE:CTS) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG trimmed its holdings in CTS Co. (NYSE:CTS - Free Report) by 19.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,283 shares of the electronics maker's stock after selling 7,773 shares during the period. B. Metzler seel. Sohn & Co. AG owned 0.10% of CTS worth $1,650,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in shares of CTS by 608.7% during 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 period. KBC Group NV grew its stake in shares of CTS by 58.2% in the fourth quarter. KBC Group NV now owns 1,713 shares of the electronics maker's stock worth $90,000 after acquiring an additional 630 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of CTS during the fourth quarter worth $202,000. Atria Wealth Solutions Inc. purchased a new position in CTS in the fourth quarter valued at $214,000. Finally, Corient Private Wealth LLC purchased a new position in CTS in the fourth quarter valued at $214,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

CTS Stock Down 1.2 %

Shares of NYSE:CTS traded down $0.45 during trading on Monday, hitting $35.61. 64,589 shares of the company were exchanged, compared to its average volume of 150,515. The firm's 50 day moving average price is $44.73 and its 200-day moving average price is $49.38. CTS Co. has a 12-month low of $34.02 and a 12-month high of $59.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 1.95. The stock has a market capitalization of $1.07 billion, a P/E ratio of 18.82 and a beta of 0.61.

CTS (NYSE:CTS - Get Free Report) last announced its earnings results on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. On average, research analysts predict that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.45%. CTS's dividend payout ratio (DPR) is 8.42%.

Analyst Ratings Changes

Separately, StockNews.com upgraded CTS from a "hold" rating to a "buy" rating in a research note 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.