Intech Investment Management LLC Grows Stake in CTS Co. (NYSE:CTS)

Intech Investment Management LLC lifted its stake in CTS Co. (NYSE:CTS - Free Report) by 147.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,021 shares of the electronics maker's stock after purchasing an additional 52,482 shares during the period. Intech Investment Management LLC owned 0.29% of CTS worth $4,641,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Corient Private Wealth LLC purchased a new stake in CTS in the 4th quarter worth approximately $214,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of CTS in the fourth quarter worth $202,000. Natixis Advisors LLC increased its stake in shares of CTS by 5.2% in the fourth quarter. Natixis Advisors LLC now owns 17,709 shares of the electronics maker's stock worth $934,000 after purchasing an additional 868 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of CTS in the fourth quarter worth $3,787,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of CTS in the fourth quarter worth $15,852,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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CTS Price Performance

Shares of NYSE:CTS traded down $0.71 during trading on Friday, hitting $42.25. 319,850 shares of the company's stock were exchanged, compared to its average volume of 142,426. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 1.95. CTS Co. has a 52-week low of $41.23 and a 52-week high of $59.68. The business's 50-day simple moving average is $46.78 and its 200 day simple moving average is $49.68. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 22.23 and a beta of 0.57.

CTS (NYSE:CTS - Get Free Report) last posted its earnings results 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, equities analysts predict that CTS Co. will post 2.28 EPS for the current year.

CTS Announces Dividend

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