CTS (NYSE:CTS) Hits New 52-Week Low - Should You Sell?

CTS Co. (NYSE:CTS - Get Free Report) shares reached a new 52-week low on Monday . The company traded as low as $42.48 and last traded at $42.68, with a volume of 84996 shares traded. The stock had previously closed at $44.66.

Wall Street Analyst Weigh In

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

CTS Stock Up 1.6 %

The firm has a market cap of $1.32 billion, a PE ratio of 23.13 and a beta of 0.59. The company has a quick ratio of 1.95, a current ratio of 2.50 and a debt-to-equity ratio of 0.17. The firm's 50 day moving average is $48.83 and its 200-day moving average is $50.12.

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 the consensus estimate of $0.59 by ($0.06). CTS had a return on equity of 12.67% and a net margin of 11.27%. As a group, equities research analysts expect that CTS Co. will post 2.28 earnings per share for the current fiscal year.

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CTS Dividend Announcement

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 $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Friday, March 28th. CTS's dividend payout ratio is presently 8.42%.

Insider Activity at CTS

In other CTS news, CEO Kieran M. O'sullivan sold 6,690 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $55.83, for a total value of $373,502.70. Following the completion of the transaction, the chief executive officer now owns 375,643 shares in the company, valued at $20,972,148.69. This represents a 1.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CTS. Quarry LP increased its stake in CTS by 572.4% during the 4th quarter. Quarry LP now owns 659 shares of the electronics maker's stock worth $35,000 after buying an additional 561 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of 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 acquiring an additional 633 shares in the last quarter. KBC Group NV increased its position in shares of CTS by 58.2% during 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 during the last quarter. Quest Partners LLC acquired a new position in shares of CTS in the third quarter worth about $92,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in CTS in the fourth quarter valued at about $202,000. 96.87% of the stock is owned by institutional investors and hedge funds.

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.