CTS Co. (NYSE:CTS) Shares Acquired by Raymond James & Associates

Raymond James & Associates raised its holdings in CTS Co. (NYSE:CTS - Free Report) by 19.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 159,105 shares of the electronics maker's stock after purchasing an additional 26,376 shares during the period. Raymond James & Associates owned about 0.52% of CTS worth $7,697,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CTS. Trust Point Inc. raised its holdings in CTS by 2.1% in the third quarter. Trust Point Inc. now owns 12,861 shares of the electronics maker's stock valued at $622,000 after acquiring an additional 270 shares in the last quarter. Creative Planning increased its position in shares of CTS by 14.2% in the 3rd quarter. Creative Planning now owns 15,040 shares of the electronics maker's stock worth $728,000 after purchasing an additional 1,870 shares during the last quarter. GAMMA Investing LLC increased its position 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 last quarter. SG Americas Securities LLC raised its stake in shares of CTS by 129.6% in the 3rd quarter. SG Americas Securities LLC now owns 14,686 shares of the electronics maker's stock valued at $711,000 after purchasing an additional 8,290 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of CTS by 3.0% during the second 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 last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Scotiabank lowered CTS from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. StockNews.com upgraded CTS from a "hold" rating to a "buy" rating in a report on Thursday, October 10th.

CTS Stock Performance

Shares of NYSE CTS traded down $1.26 during midday trading on Thursday, hitting $49.52. The company's stock had a trading volume of 199,774 shares, compared to its average volume of 149,168. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.85 and a current ratio of 3.41. CTS Co. has a 1-year low of $35.50 and a 1-year high of $55.47. The firm's fifty day moving average price is $47.85 and its 200-day moving average price is $49.15. The firm has a market cap of $1.52 billion, a P/E ratio of 29.13 and a beta of 0.57.

CTS (NYSE:CTS - Get Free Report) last issued its earnings results on Tuesday, October 29th. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. The company had revenue of $132.42 million during the quarter. CTS had a return on equity of 11.98% and a net margin of 10.70%. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, sell-side analysts forecast that CTS Co. will post 2.15 EPS for the current fiscal year.

CTS Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.32%. The ex-dividend date was Friday, September 27th. CTS's dividend payout ratio is presently 9.41%.

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.