Teton Advisors Inc. Decreases Stock Position in CTS Co. (NYSE:CTS)

Teton Advisors Inc. reduced its stake in CTS Co. (NYSE:CTS - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,200 shares of the electronics maker's stock after selling 14,000 shares during the period. CTS accounts for approximately 1.8% of Teton Advisors Inc.'s holdings, making the stock its 9th biggest position. Teton Advisors Inc. owned approximately 0.23% of CTS worth $3,596,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in CTS by 608.7% during 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 during the last quarter. KBC Group NV raised its position in CTS by 58.2% in the 4th quarter. KBC Group NV now owns 1,713 shares of the electronics maker's stock worth $90,000 after purchasing an additional 630 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in CTS during the 4th quarter worth $202,000. Atria Wealth Solutions Inc. bought a new position in shares of CTS during the 4th quarter valued at about $214,000. Finally, Corient Private Wealth LLC acquired a new position in shares of CTS in the fourth quarter valued at approximately $214,000. Institutional investors own 96.87% of the company's stock.

Wall Street Analyst Weigh In

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

CTS Price Performance

Shares of NYSE CTS traded up $0.70 during midday trading on Friday, reaching $37.49. 200,183 shares of the company were exchanged, compared to its average volume of 156,389. The stock has a market cap of $1.13 billion, a P/E ratio of 19.73 and a beta of 0.61. The stock's 50-day moving average price is $42.03 and its 200-day moving average price is $48.50. The company has a quick ratio of 1.95, a current ratio of 2.50 and a debt-to-equity ratio of 0.17. CTS Co. has a one year low of $34.02 and a one year high of $59.68.

CTS (NYSE:CTS - Get Free Report) last issued 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 return on equity of 12.67% and a net margin of 11.27%. On average, sell-side analysts anticipate that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

The business also recently disclosed 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 0.43%. The ex-dividend date of this dividend is Friday, March 28th. CTS's dividend payout ratio (DPR) is presently 8.42%.

CTS Company 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.