Wellington Management Group LLP Has $32.90 Million Stake in CTS Co. (NYSE:CTS)

Wellington Management Group LLP trimmed its position in CTS Co. (NYSE:CTS - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 623,947 shares of the electronics maker's stock after selling 77,291 shares during the quarter. Wellington Management Group LLP owned approximately 2.07% of CTS worth $32,901,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in CTS by 608.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker's stock worth $39,000 after purchasing an additional 633 shares during the period. KBC Group NV lifted its holdings in shares of CTS by 58.2% in the fourth quarter. KBC Group NV now owns 1,713 shares of the electronics maker's stock valued at $90,000 after purchasing an additional 630 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of CTS during the fourth quarter valued at $202,000. Atria Wealth Solutions Inc. purchased a new position in shares of CTS during the fourth quarter valued at $214,000. Finally, Corient Private Wealth LLC acquired a new position in CTS during the fourth quarter valued at $214,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

CTS Stock Down 0.0 %

CTS stock traded down $0.01 during trading hours on Friday, hitting $37.14. The company had a trading volume of 208,286 shares, compared to its average volume of 154,665. CTS Co. has a fifty-two week low of $34.02 and a fifty-two week high of $59.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 1.95. The firm has a market capitalization of $1.11 billion, a P/E ratio of 19.55 and a beta of 0.61. The firm's fifty day moving average is $42.82 and its 200-day moving average is $48.81.

CTS (NYSE:CTS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share 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%. On average, research analysts forecast that CTS Co. will post 2.28 earnings per share for the current year.

CTS Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, StockNews.com raised CTS from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd.

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.