CTS Co. (NYSE:CTS) Shares Sold by Trust Point Inc.

Trust Point Inc. cut its holdings in CTS Co. (NYSE:CTS - Free Report) by 44.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,153 shares of the electronics maker's stock after selling 5,708 shares during the quarter. Trust Point Inc.'s holdings in CTS were worth $377,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CTS. GAMMA Investing LLC boosted its position in shares of CTS by 132.5% in the third quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker's stock worth $28,000 after purchasing an additional 334 shares during the period. KBC Group NV lifted its stake in 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 purchasing an additional 630 shares during the last quarter. Quest Partners LLC purchased a new stake in CTS in the third quarter worth $92,000. Sei Investments Co. bought a new position in CTS in the 2nd quarter worth about $263,000. Finally, Raymond James Trust N.A. raised its position in CTS by 13.6% during the 3rd quarter. Raymond James Trust N.A. now owns 5,587 shares of the electronics maker's stock valued at $270,000 after purchasing an additional 669 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CTS shares. StockNews.com downgraded shares of CTS from a "buy" rating to a "hold" rating in a research note on Sunday. Scotiabank lowered CTS from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th.

Insider Transactions at CTS

In other news, CEO Kieran M. O'sullivan sold 6,690 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $55.83, for a total value of $373,502.70. Following the completion of the sale, the chief executive officer now directly owns 375,643 shares in the company, valued at $20,972,148.69. This represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 59,956 shares of company stock valued at $3,331,185 over the last 90 days. Corporate insiders own 2.00% of the company's stock.

CTS Stock Performance

Shares of NYSE:CTS traded down $1.09 during trading on Friday, hitting $46.49. The stock had a trading volume of 163,451 shares, compared to its average volume of 142,012. The stock has a 50-day simple moving average of $52.50 and a two-hundred day simple moving average of $50.48. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 24.47 and a beta of 0.59. CTS Co. has a 12-month low of $42.63 and a 12-month high of $59.68. The company has a quick ratio of 1.91, a current ratio of 2.50 and a debt-to-equity ratio of 0.17.

CTS (NYSE:CTS - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share 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, equities research analysts expect that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

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 given a $0.04 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.34%. CTS's dividend payout ratio (DPR) is 8.42%.

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.