B. Metzler seel. Sohn & Co. AG Sells 7,773 Shares of CTS Co. (NYSE:CTS)

B. Metzler seel. Sohn & Co. AG lessened its position in CTS Co. (NYSE:CTS) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,283 shares of the electronics maker’s stock after selling 7,773 shares during the period. B. Metzler seel. Sohn & Co. AG owned approximately 0.10% of CTS worth $1,650,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of CTS by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 806,180 shares of the electronics maker’s stock valued at $39,010,000 after buying an additional 33,449 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of CTS by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 392,690 shares of the electronics maker’s stock worth $20,707,000 after acquiring an additional 7,088 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CTS during the fourth quarter worth about $15,852,000. Bank of New York Mellon Corp lifted its holdings in shares of CTS by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 282,737 shares of the electronics maker’s stock valued at $14,909,000 after purchasing an additional 3,115 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of CTS by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 155,018 shares of the electronics maker’s stock valued at $8,174,000 after purchasing an additional 4,004 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of CTS from a “hold” rating to a “buy” rating in a report on Monday, March 3rd.

CTS Trading Up 1.5 %

CTS opened at $41.71 on Thursday. The firm’s fifty day simple moving average is $45.33 and its 200 day simple moving average is $49.50. The stock has a market capitalization of $1.25 billion, a P/E ratio of 21.95 and a beta of 0.57. The company has a current ratio of 2.50, a quick ratio of 1.95 and a debt-to-equity ratio of 0.17. CTS Co. has a 12 month low of $40.54 and a 12 month high of $59.68.

CTS (NYSE:CTS) last posted its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.06). CTS had a return on equity of 12.67% and a net margin of 11.27%. As a group, research analysts anticipate that CTS Co. will post 2.28 EPS for the current fiscal year.

CTS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Friday, March 28th. CTS’s dividend payout ratio is presently 8.42%.

About CTS

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.