Rockefeller Capital Management L.P. Acquires 21,620 Shares of CTS Co. (NYSE:CTS)

Rockefeller Capital Management L.P. grew its holdings in shares of CTS Co. (NYSE:CTS - Free Report) by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 160,064 shares of the electronics maker's stock after acquiring an additional 21,620 shares during the period. Rockefeller Capital Management L.P. owned about 0.53% of CTS worth $8,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CTS. Smartleaf Asset Management LLC raised its stake in CTS by 608.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker's stock valued at $39,000 after buying an additional 633 shares in the last quarter. KBC Group NV lifted its stake in CTS by 58.2% during the fourth quarter. KBC Group NV now owns 1,713 shares of the electronics maker's stock worth $90,000 after purchasing an additional 630 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in CTS in the fourth quarter worth $202,000. Atria Wealth Solutions Inc. bought a new stake in CTS during the fourth quarter valued at $214,000. Finally, Corient Private Wealth LLC bought a new position in CTS in the fourth quarter worth about $214,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

CTS Price Performance

CTS stock traded up $0.70 during trading hours on Friday, hitting $37.49. 200,183 shares of the company traded hands, compared to its average volume of 156,537. CTS Co. has a 1-year low of $34.02 and a 1-year high of $59.68. The firm has a market cap of $1.13 billion, a P/E ratio of 19.73 and a beta of 0.61. The firm's 50-day simple moving average is $41.85 and its two-hundred day simple moving average is $48.43. The company has a quick ratio of 1.95, a current ratio of 2.50 and a debt-to-equity ratio of 0.17.

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 analysts' consensus estimates of $0.59 by ($0.06). CTS had a return on equity of 12.67% and a net margin of 11.27%. As a group, analysts forecast that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

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

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.