CTS Co. (NYSE:CTS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of CTS Co. (NYSE:CTS - Free Report) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 806,180 shares of the electronics maker's stock after purchasing an additional 33,449 shares during the quarter. Geode Capital Management LLC owned 2.68% of CTS worth $39,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trust Point Inc. raised its holdings in shares of CTS by 2.1% during the 3rd quarter. Trust Point Inc. now owns 12,861 shares of the electronics maker's stock valued at $622,000 after buying an additional 270 shares during the period. AQR Capital Management LLC grew its position in CTS by 5.8% in the second quarter. AQR Capital Management LLC now owns 5,637 shares of the electronics maker's stock valued at $285,000 after acquiring an additional 308 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of CTS by 132.5% during the third quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker's stock valued at $28,000 after purchasing an additional 334 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of CTS by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 15,372 shares of the electronics maker's stock worth $778,000 after purchasing an additional 444 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of CTS in the second quarter valued at $27,000. Institutional investors and hedge funds own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CTS shares. StockNews.com cut CTS from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Scotiabank cut CTS from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th.

CTS Stock Up 1.0 %

NYSE:CTS traded up $0.52 during mid-day trading on Wednesday, reaching $53.42. The stock had a trading volume of 42,273 shares, compared to its average volume of 151,236. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.91. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 27.54 and a beta of 0.60. CTS Co. has a 1-year low of $40.09 and a 1-year high of $59.68. The stock's 50 day simple moving average is $53.32 and its two-hundred day simple moving average is $50.45.

CTS (NYSE:CTS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. CTS had a return on equity of 12.39% and a net margin of 11.66%. The business had revenue of $132.42 million during the quarter. During the same quarter last year, the firm posted $0.54 earnings per share. Equities analysts anticipate that CTS Co. will post 2.15 EPS for the current year.

CTS Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, December 27th will be given a $0.04 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.30%. CTS's payout ratio is currently 8.25%.

Insider Activity

In other CTS news, CEO Kieran M. O'sullivan sold 6,690 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 375,643 shares of the company's stock, valued at $20,972,148.69. This trade 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. In the last three months, insiders sold 59,956 shares of company stock valued at $3,331,185. Company insiders own 2.30% of the company's stock.

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.