Principal Financial Group Inc. Has $7.31 Million Stock Position in CTS Co. (NYSE:CTS)

Principal Financial Group Inc. decreased its holdings in shares of CTS Co. (NYSE:CTS - Free Report) by 9.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,014 shares of the electronics maker's stock after selling 15,239 shares during the period. Principal Financial Group Inc. owned approximately 0.49% of CTS worth $7,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CTS. Earnest Partners LLC boosted its holdings in shares of CTS by 3.0% in the second quarter. Earnest Partners LLC now owns 1,735,534 shares of the electronics maker's stock worth $87,870,000 after buying an additional 50,632 shares during the period. Raymond James & Associates boosted its holdings in shares of CTS by 55.1% in the second quarter. Raymond James & Associates now owns 132,729 shares of the electronics maker's stock worth $6,720,000 after buying an additional 47,149 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in shares of CTS by 5.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 34,514 shares of the electronics maker's stock worth $1,616,000 after buying an additional 1,861 shares during the period. Creative Planning boosted its holdings in shares of CTS by 14.2% in the third quarter. Creative Planning now owns 15,040 shares of the electronics maker's stock worth $728,000 after buying an additional 1,870 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of CTS by 1.2% in the first quarter. Vanguard Group Inc. now owns 2,805,735 shares of the electronics maker's stock worth $131,280,000 after buying an additional 33,636 shares during the period. Institutional investors own 96.87% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on CTS shares. Scotiabank cut 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 research report on Thursday, November 7th.

CTS Stock Down 0.5 %

CTS traded down $0.27 during midday trading on Wednesday, hitting $52.10. 56,033 shares of the company's stock traded hands, compared to its average volume of 149,511. The company has a market cap of $1.57 billion, a PE ratio of 26.98 and a beta of 0.58. The stock's fifty day simple moving average is $49.77 and its 200-day simple moving average is $50.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.91. CTS Co. has a one year low of $38.49 and a one year high of $59.68.

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

CTS Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, December 27th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, December 27th. CTS's dividend payout ratio is 8.25%.

CTS 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.