CTS Co. Announces Quarterly Dividend of $0.04 (NYSE:CTS)

CTS Co. (NYSE:CTS) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Friday, March 28th will be paid a dividend of 0.04 per share by the electronics maker on Friday, April 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.34%.

CTS has a dividend payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings.

CTS Price Performance

Shares of NYSE CTS traded down $0.48 during midday trading on Thursday, reaching $47.48. The company’s stock had a trading volume of 283,747 shares, compared to its average volume of 144,098. The business’s 50 day moving average price is $52.81 and its two-hundred day moving average price is $50.56. CTS has a fifty-two week low of $42.20 and a fifty-two week high of $59.68. 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 has a market cap of $1.43 billion, a P/E ratio of 24.48 and a beta of 0.59.

CTS (NYSE:CTS) last released its earnings results on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.06). CTS had a return on equity of 12.39% and a net margin of 11.66%. On average, analysts forecast that CTS will post 2.15 EPS for the current fiscal year.

Insider Transactions at CTS

In related news, CEO Kieran M. O’sullivan sold 6,690 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $55.83, for a total transaction of $373,502.70. Following the sale, the chief executive officer now owns 375,643 shares in the company, valued at $20,972,148.69. The trade was a 1.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 59,956 shares of company stock valued at $3,331,185. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on CTS. Scotiabank cut shares of CTS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. StockNews.com upgraded shares of CTS from a “hold” rating to a “buy” rating in a research report on Saturday, February 1st.

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.