Madison Investment Advisors LLC Invests $3.79 Million in CTS Co. (NYSE:CTS)

Madison Investment Advisors LLC acquired a new position in shares of CTS Co. (NYSE:CTS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 71,823 shares of the electronics maker's stock, valued at approximately $3,787,000. Madison Investment Advisors LLC owned 0.24% of CTS at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CTS. Oppenheimer Asset Management Inc. grew its position in CTS by 1.2% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 26,646 shares of the electronics maker's stock valued at $1,405,000 after buying an additional 328 shares during the period. Handelsbanken Fonder AB grew its position in shares of CTS by 7.0% during the 4th quarter. Handelsbanken Fonder AB now owns 7,685 shares of the electronics maker's stock valued at $405,000 after acquiring an additional 500 shares during the period. KBC Group NV increased its stake in shares of CTS by 58.2% in the 4th quarter. KBC Group NV now owns 1,713 shares of the electronics maker's stock valued at $90,000 after purchasing an additional 630 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in CTS by 608.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker's stock worth $39,000 after purchasing an additional 633 shares during the period. Finally, Raymond James Trust N.A. boosted its position in CTS by 13.6% during the third quarter. Raymond James Trust N.A. now owns 5,587 shares of the electronics maker's stock worth $270,000 after purchasing an additional 669 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

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CTS Price Performance

CTS traded down $0.32 during midday trading on Wednesday, hitting $43.36. 102,666 shares of the company traded hands, compared to its average volume of 142,406. The business has a 50 day simple moving average of $46.52 and a two-hundred day simple moving average of $49.67. CTS Co. has a 52-week low of $41.23 and a 52-week high of $59.68. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 22.82 and a beta of 0.57. 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 (NYSE:CTS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. On average, equities analysts forecast that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Friday, March 28th. CTS's dividend payout ratio is presently 8.42%.

Analyst Ratings Changes

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

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.