Royce & Associates LP Acquires 15,062 Shares of CTS Co. (NYSE:CTS)

Royce & Associates LP lifted its stake in CTS Co. (NYSE:CTS - Free Report) by 5.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 294,513 shares of the electronics maker's stock after acquiring an additional 15,062 shares during the period. Royce & Associates LP owned 0.98% of CTS worth $14,249,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of CTS in the second quarter worth $27,000. GAMMA Investing LLC boosted its holdings in CTS by 132.5% in the 3rd quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker's stock valued at $28,000 after purchasing an additional 334 shares during the period. Canada Pension Plan Investment Board acquired a new stake in CTS in the 2nd quarter worth $41,000. Hantz Financial Services Inc. acquired a new stake in CTS in the 2nd quarter worth $157,000. Finally, Summit Trail Advisors LLC bought a new position in shares of CTS during the 2nd quarter worth about $214,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CTS shares. Scotiabank cut shares of CTS from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. StockNews.com downgraded CTS from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th.

CTS Price Performance

Shares of NYSE:CTS traded down $0.90 during midday trading on Friday, reaching $53.16. 146,063 shares of the company's stock were exchanged, compared to its average volume of 154,318. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.91 and a current ratio of 2.46. The company's 50 day simple moving average is $49.45 and its two-hundred day simple moving average is $49.98. CTS Co. has a 12 month low of $38.49 and a 12 month high of $59.68. The firm has a market capitalization of $1.60 billion, a PE ratio of 27.40 and a beta of 0.58.

CTS (NYSE:CTS - Get Free Report) last posted its quarterly earnings results 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 during the quarter. CTS had a net margin of 11.66% and a return on equity of 12.39%. During the same period last year, the company earned $0.54 EPS. Equities research analysts expect that CTS Co. will post 2.15 earnings per share for the current fiscal year.

CTS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, December 27th will be issued a dividend of $0.04 per share. The ex-dividend date is Friday, December 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.30%. CTS's payout ratio is presently 8.25%.

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.