Illumine Investment Management LLC Takes $614,000 Position in CTS Co. (NYSE:CTS)

Illumine Investment Management LLC bought a new stake in shares of CTS Co. (NYSE:CTS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,648 shares of the electronics maker's stock, valued at approximately $614,000.

Other large investors also recently added to or reduced their stakes in the company. KBC Group NV increased its stake in 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 purchased a new position in shares of CTS in the 3rd quarter worth approximately $92,000. Atria Wealth Solutions Inc. bought a new position in shares of CTS during the 4th quarter valued at approximately $214,000. Raymond James Trust N.A. raised its holdings 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 buying an additional 669 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in CTS by 53.0% in the third quarter. Advisors Asset Management Inc. now owns 5,807 shares of the electronics maker's stock worth $281,000 after buying an additional 2,011 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Kieran M. O'sullivan sold 6,690 shares of the firm's 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 sale, the chief executive officer now directly owns 375,643 shares in the company, valued at approximately $20,972,148.69. This trade represents a 1.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 27,978 shares of company stock worth $1,546,493 over the last 90 days. Company insiders own 2.00% of the company's stock.

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CTS Trading Down 1.0 %

NYSE:CTS traded down $0.42 during midday trading on Tuesday, hitting $42.41. The stock had a trading volume of 145,380 shares, compared to its average volume of 140,096. 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 stock has a 50-day moving average of $49.47 and a 200 day moving average of $50.25. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 22.32 and a beta of 0.59. CTS Co. has a one year low of $41.91 and a one year high of $59.68.

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 the consensus estimate of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. As a group, sell-side analysts forecast that CTS Co. will post 2.28 EPS for the current year.

CTS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Friday, March 28th. CTS's payout ratio is 8.42%.

Analysts Set New Price Targets

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

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.