Rockefeller Capital Management L.P. Acquires 27,455 Shares of CTS Co. (NYSE:CTS)

Rockefeller Capital Management L.P. lifted its stake in shares of CTS Co. (NYSE:CTS - Free Report) by 24.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 138,444 shares of the electronics maker's stock after purchasing an additional 27,455 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.46% of CTS worth $6,698,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Earnest Partners LLC grew its holdings in CTS by 3.0% in the 2nd 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in CTS by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,602 shares of the electronics maker's stock worth $18,655,000 after buying an additional 9,674 shares in the last quarter. Tributary Capital Management LLC grew its holdings in CTS by 0.3% in the 2nd quarter. Tributary Capital Management LLC now owns 308,078 shares of the electronics maker's stock worth $15,598,000 after buying an additional 902 shares in the last quarter. Royce & Associates LP grew its holdings in CTS by 5.4% in the 3rd quarter. Royce & Associates LP now owns 294,513 shares of the electronics maker's stock worth $14,249,000 after buying an additional 15,062 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in CTS by 0.4% during the 2nd quarter. Renaissance Technologies LLC now owns 170,000 shares of the electronics maker's stock valued at $8,607,000 after purchasing an additional 700 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CTS

In other CTS news, CEO Kieran M. O'sullivan sold 31,978 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $55.81, for a total transaction of $1,784,692.18. Following the transaction, the chief executive officer now directly owns 423,665 shares in the company, valued at $23,644,743.65. This trade represents a 7.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by insiders.

CTS Price Performance

Shares of NYSE:CTS traded up $0.23 on Wednesday, reaching $55.53. 117,054 shares of the company traded hands, compared to its average volume of 149,592. CTS Co. has a fifty-two week low of $39.15 and a fifty-two week high of $59.68. The company's 50 day moving average is $51.27 and its 200-day moving average is $50.28. The stock has a market capitalization of $1.67 billion, a PE ratio of 28.50 and a beta of 0.60. 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 (NYSE:CTS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. CTS had a return on equity of 12.39% and a net margin of 11.66%. The company had revenue of $132.42 million during the quarter. During the same quarter last year, the company posted $0.54 EPS. As a group, analysts anticipate that CTS Co. will post 2.15 earnings per share for the current fiscal year.

CTS Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, December 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.29%. CTS's dividend payout ratio (DPR) is presently 8.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Scotiabank lowered CTS from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. StockNews.com lowered CTS from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th.

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.