CTS Co. (NYSE:CTS) Shares Purchased by Raymond James Trust N.A.

Raymond James Trust N.A. raised its position in CTS Co. (NYSE:CTS) by 13.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,587 shares of the electronics maker’s stock after acquiring an additional 669 shares during the quarter. Raymond James Trust N.A.’s holdings in CTS were worth $270,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CTS. Vanguard Group Inc. increased its stake in CTS by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 2,805,735 shares of the electronics maker’s stock worth $131,280,000 after buying an additional 33,636 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of CTS by 5.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 34,514 shares of the electronics maker’s stock worth $1,616,000 after acquiring an additional 1,861 shares during the period. Annex Advisory Services LLC raised its stake in shares of CTS by 10.3% in the second quarter. Annex Advisory Services LLC now owns 24,345 shares of the electronics maker’s stock valued at $1,233,000 after acquiring an additional 2,270 shares in the last quarter. SG Americas Securities LLC purchased a new position in CTS in the second quarter valued at $324,000. Finally, Raymond James & Associates grew its stake in CTS by 55.1% during the 2nd quarter. Raymond James & Associates now owns 132,729 shares of the electronics maker’s stock worth $6,720,000 after purchasing an additional 47,149 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

CTS Trading Down 0.2 %

NYSE:CTS opened at $54.36 on Thursday. CTS Co. has a 1 year low of $38.49 and a 1 year high of $59.68. The stock has a market cap of $1.64 billion, a P/E ratio of 28.02 and a beta of 0.58. 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 stock has a 50-day simple moving average of $50.69 and a 200-day simple moving average of $50.20.

CTS (NYSE:CTS) last announced its quarterly earnings results on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share (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 firm had revenue of $132.42 million during the quarter. During the same period last year, the company earned $0.54 earnings per share. As a group, analysts anticipate 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 paid a $0.04 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.16 annualized dividend and a yield of 0.29%. CTS’s dividend payout ratio is presently 8.25%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CTS. Scotiabank lowered CTS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. StockNews.com downgraded shares of CTS from a “buy” rating to a “hold” rating in a research note on Thursday, November 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.