35,539 Shares in CTS Co. (NYSE:CTS) Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in CTS Co. (NYSE:CTS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 35,539 shares of the electronics maker's stock, valued at approximately $1,719,000. Intech Investment Management LLC owned 0.12% of CTS as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Trust Point Inc. lifted its stake in shares of CTS by 2.1% in the 3rd quarter. Trust Point Inc. now owns 12,861 shares of the electronics maker's stock worth $622,000 after purchasing an additional 270 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of CTS by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,529 shares of the electronics maker's stock worth $887,000 after purchasing an additional 285 shares during the period. AQR Capital Management LLC lifted its stake in shares of CTS by 5.8% in the 2nd quarter. AQR Capital Management LLC now owns 5,637 shares of the electronics maker's stock worth $285,000 after purchasing an additional 308 shares during the period. GAMMA Investing LLC lifted its stake in shares of CTS by 132.5% in the 3rd 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. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of CTS by 3.0% in the 2nd 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 during the period. Institutional investors own 96.87% of the company's stock.

Wall Street Analyst Weigh In

CTS has been the subject of several analyst reports. Scotiabank lowered shares of CTS from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. StockNews.com lowered shares of CTS from a "buy" rating to a "hold" rating in a report on Thursday, November 7th.

CTS Price Performance

CTS traded down $1.06 during trading on Tuesday, reaching $54.41. 186,186 shares of the company traded hands, compared to its average volume of 150,187. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.91 and a current ratio of 2.46. CTS Co. has a 12-month low of $38.49 and a 12-month high of $59.68. The firm has a fifty day simple moving average of $50.39 and a 200 day simple moving average of $50.15. The company has a market cap of $1.64 billion, a P/E ratio of 28.08 and a beta of 0.58.

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

CTS Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Friday, December 27th. CTS's dividend payout ratio is presently 8.25%.

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.