JPMorgan Chase & Co. Has $7.17 Million Position in CTS Co. (NYSE:CTS)

JPMorgan Chase & Co. boosted its holdings in CTS Co. (NYSE:CTS - Free Report) by 72.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,969 shares of the electronics maker's stock after buying an additional 57,135 shares during the period. JPMorgan Chase & Co. owned approximately 0.45% of CTS worth $7,170,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of CTS by 4.3% during the third quarter. Geode Capital Management LLC now owns 806,180 shares of the electronics maker's stock worth $39,010,000 after purchasing an additional 33,449 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of CTS by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 392,690 shares of the electronics maker's stock valued at $20,707,000 after acquiring an additional 7,088 shares during the period. Raymond James Financial Inc. bought a new position in CTS during the 4th quarter worth approximately $15,852,000. Bank of New York Mellon Corp increased its stake in CTS by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 282,737 shares of the electronics maker's stock valued at $14,909,000 after purchasing an additional 3,115 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in CTS by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 155,018 shares of the electronics maker's stock worth $8,174,000 after purchasing an additional 4,004 shares during the period. Institutional investors and hedge funds own 96.87% of the company's stock.

CTS Stock Up 1.9 %

Shares of NYSE CTS traded up $0.70 during mid-day trading on Friday, reaching $37.49. 200,183 shares of the company's stock were exchanged, compared to its average volume of 156,537. The company has a current ratio of 2.50, a quick ratio of 1.95 and a debt-to-equity ratio of 0.17. CTS Co. has a twelve month low of $34.02 and a twelve month high of $59.68. The business has a fifty day simple moving average of $41.85 and a 200 day simple moving average of $48.43. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 19.73 and a beta of 0.61.

CTS (NYSE:CTS - Get Free Report) last posted its quarterly earnings data 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 net margin of 11.27% and a return on equity of 12.67%. As a group, equities analysts expect that CTS Co. will post 2.28 EPS for the current fiscal year.

CTS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, March 28th. CTS's dividend payout ratio (DPR) is currently 8.42%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of CTS from a "hold" rating to a "buy" rating in a report on Monday, March 3rd.

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.