Kieran M. O’sullivan Sells 14,976 Shares of CTS Co. (NYSE:CTS) Stock

CTS Co. (NYSE:CTSGet Free Report) CEO Kieran M. O’sullivan sold 14,976 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $47.13, for a total value of $705,818.88. Following the completion of the transaction, the chief executive officer now owns 501,637 shares of the company’s stock, valued at approximately $23,642,151.81. The sale was disclosed in a document filed with the SEC, which is available through this link.

CTS Trading Down 2.5 %

CTS stock opened at $45.01 on Wednesday. The stock has a 50-day simple moving average of $44.51 and a 200 day simple moving average of $42.11. The stock has a market capitalization of $1.39 billion, a P/E ratio of 23.44 and a beta of 0.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.67 and a current ratio of 3.29. CTS Co. has a 52 week low of $35.50 and a 52 week high of $49.38.

CTS (NYSE:CTSGet Free Report) last issued its earnings results on Tuesday, February 6th. The electronics maker reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. CTS had a return on equity of 13.41% and a net margin of 11.00%. The company had revenue of $124.69 million during the quarter, compared to the consensus estimate of $124.51 million. During the same period in the previous year, the company posted $0.56 EPS. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. Analysts expect that CTS Co. will post 2.3 earnings per share for the current year.

CTS Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date is Wednesday, March 27th. CTS’s dividend payout ratio is presently 8.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CTS. TD Cowen increased their price target on CTS from $38.00 to $46.00 and gave the company a “market perform” rating in a research report on Wednesday, February 7th. Sidoti cut shares of CTS from a “buy” rating to a “neutral” rating and set a $46.00 target price for the company. in a research note on Wednesday, February 7th.

View Our Latest Stock Analysis on CTS

Institutional Trading of CTS

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Deutsche Bank AG boosted its holdings in shares of CTS by 18.7% during the third quarter. Deutsche Bank AG now owns 16,159 shares of the electronics maker’s stock worth $674,000 after acquiring an additional 2,541 shares during the period. Illinois Municipal Retirement Fund bought a new stake in CTS in the 3rd quarter valued at $774,000. Annex Advisory Services LLC grew its holdings in CTS by 43.1% in the 3rd quarter. Annex Advisory Services LLC now owns 15,619 shares of the electronics maker’s stock valued at $652,000 after buying an additional 4,708 shares in the last quarter. Tributary Capital Management LLC increased its position in CTS by 1.8% during the 3rd quarter. Tributary Capital Management LLC now owns 281,215 shares of the electronics maker’s stock worth $11,738,000 after buying an additional 4,933 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of CTS by 0.8% during the third quarter. Swiss National Bank now owns 65,900 shares of the electronics maker’s stock worth $2,751,000 after buying an additional 500 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

CTS Company Profile

(Get Free Report)

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.

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