Charles Schwab Investment Management Inc. Has $20.71 Million Stock Holdings in CTS Co. (NYSE:CTS)

Charles Schwab Investment Management Inc. boosted its holdings in CTS Co. (NYSE:CTS - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 392,690 shares of the electronics maker's stock after purchasing an additional 7,088 shares during the period. Charles Schwab Investment Management Inc. owned about 1.30% of CTS worth $20,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in CTS by 608.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker's stock valued at $39,000 after purchasing an additional 633 shares in the last quarter. KBC Group NV grew 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 purchasing an additional 630 shares in the last quarter. Quest Partners LLC bought a new position in CTS in the third quarter valued at $92,000. Atria Wealth Solutions Inc. bought a new position in CTS in the fourth quarter valued at $214,000. Finally, Raymond James Trust N.A. lifted its stake in CTS by 13.6% in the third quarter. Raymond James Trust N.A. now owns 5,587 shares of the electronics maker's stock valued at $270,000 after acquiring an additional 669 shares during the last quarter. Institutional investors own 96.87% of the company's stock.

CTS Stock Performance

CTS stock traded down $0.71 during trading hours on Friday, reaching $42.25. The stock had a trading volume of 319,850 shares, compared to its average volume of 142,426. The stock has a market capitalization of $1.27 billion, a PE ratio of 22.23 and a beta of 0.57. 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 50-day simple moving average of $46.78 and a 200 day simple moving average of $49.68. CTS Co. has a fifty-two week low of $41.23 and a fifty-two week high of $59.68.

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CTS (NYSE:CTS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.53 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%. Analysts predict that CTS Co. will post 2.28 EPS for the current fiscal year.

CTS Announces Dividend

The business 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. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Friday, March 28th. CTS's dividend payout ratio is presently 8.42%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of CTS from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd.

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.