Allspring Global Investments Holdings LLC Has $894,000 Holdings in CTS Co. (NYSE:CTS)

Allspring Global Investments Holdings LLC decreased its holdings in shares of CTS Co. (NYSE:CTS - Free Report) by 76.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,488 shares of the electronics maker's stock after selling 60,529 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of CTS worth $894,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its position in shares of CTS by 19.9% during the 3rd quarter. Raymond James & Associates now owns 159,105 shares of the electronics maker's stock worth $7,697,000 after buying an additional 26,376 shares during the period. Trust Point Inc. raised its stake in CTS by 2.1% during the third quarter. Trust Point Inc. now owns 12,861 shares of the electronics maker's stock worth $622,000 after acquiring an additional 270 shares in the last quarter. Creative Planning lifted its holdings in shares of CTS by 14.2% during the third quarter. Creative Planning now owns 15,040 shares of the electronics maker's stock valued at $728,000 after acquiring an additional 1,870 shares during the period. GAMMA Investing LLC lifted its holdings in shares of CTS by 132.5% during the third quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 334 shares during the period. Finally, SG Americas Securities LLC boosted its position in CTS by 129.6% in the third quarter. SG Americas Securities LLC now owns 14,686 shares of the electronics maker's stock valued at $711,000 after buying an additional 8,290 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on CTS. StockNews.com raised shares of CTS from a "hold" rating to a "buy" rating in a report on Thursday, October 10th. Scotiabank downgraded CTS from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th.

CTS Price Performance

Shares of CTS stock traded up $1.69 during trading hours on Friday, reaching $51.18. 155,591 shares of the company were exchanged, compared to its average volume of 149,198. CTS Co. has a fifty-two week low of $37.60 and a fifty-two week high of $55.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 2.85. The stock's fifty day moving average is $47.88 and its two-hundred day moving average is $49.19. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 26.38 and a beta of 0.57.

CTS (NYSE:CTS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. The firm had revenue of $132.42 million for the quarter. CTS had a return on equity of 12.39% and a net margin of 11.66%. During the same period in the prior year, the company posted $0.54 EPS. Sell-side analysts forecast that CTS Co. will post 2.15 earnings per share for the current fiscal year.

CTS Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.16 annualized dividend and a yield of 0.31%. CTS's dividend payout ratio is currently 8.25%.

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.