CTS Co. (NYSE:CTS) CFO Sells $75,388.00 in Stock

CTS Co. (NYSE:CTS) CFO Ashish Agrawal sold 1,604 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $47.00, for a total value of $75,388.00. Following the completion of the sale, the chief financial officer now directly owns 126,373 shares of the company’s stock, valued at $5,939,531. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Ashish Agrawal also recently made the following trade(s):

• On Wednesday, May 1st, Ashish Agrawal sold 4,495 shares of CTS stock. The stock was sold at an average price of $47.03, for a total value of $211,399.85.
• On Thursday, April 11th, Ashish Agrawal sold 800 shares of CTS stock. The stock was sold at an average price of $47.00, for a total value of $37,600.00.
• On Thursday, March 28th, Ashish Agrawal sold 4,504 shares of CTS stock. The stock was sold at an average price of $47.10, for a total value of $212,138.40.

CTS Trading Up 2.2 %

NYSE:CTS opened at $49.59 on Friday. CTS Co. has a twelve month low of $35.50 and a twelve month high of $49.67. The company has a quick ratio of 2.67, a current ratio of 3.32 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $45.33 and a two-hundred day moving average price of $42.78. The company has a market cap of $1.53 billion, a P/E ratio of 29.17 and a beta of 0.62.

CTS (NYSE:CTS) last released its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $125.70 million during the quarter, compared to the consensus estimate of $126.75 million. CTS had a return on equity of 12.39% and a net margin of 10.06%. The business’s revenue was down 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. As a group, analysts expect that CTS Co. will post 2.3 EPS for the current fiscal year.

CTS Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Thursday, March 28th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend was Wednesday, March 27th. CTS’s payout ratio is presently 9.41%.

Institutional Investors Weigh In On CTS

Several large investors have recently made changes to their positions in CTS. SG Americas Securities LLC boosted its holdings in shares of CTS by 108.5% in the 3rd quarter. SG Americas Securities LLC now owns 25,591 shares of the electronics maker’s stock valued at $1,068,000 after buying an additional 13,317 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of CTS by 2.3% in the 3rd quarter. Brown Advisory Inc. now owns 1,235,401 shares of the electronics maker’s stock valued at $51,566,000 after buying an additional 27,808 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in CTS by 30.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,578 shares of the electronics maker’s stock valued at $275,000 after purchasing an additional 1,525 shares during the last quarter. Annex Advisory Services LLC lifted its holdings in CTS by 43.1% during the 3rd quarter. Annex Advisory Services LLC now owns 15,619 shares of the electronics maker’s stock valued at $652,000 after purchasing an additional 4,708 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in CTS by 25.5% during the 3rd quarter. Victory Capital Management Inc. now owns 17,461 shares of the electronics maker’s stock valued at $729,000 after purchasing an additional 3,543 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

CTS has been the subject of a number of research reports. TD Cowen increased their target price on CTS from $38.00 to $46.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 7th. Sidoti downgraded CTS from a “buy” rating to a “neutral” rating and set a $46.00 price target for the company. in a research report on Wednesday, February 7th.

CTS Company 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.