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

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

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

CTS Stock Down 1.0 %

Shares of CTS stock traded down $0.48 during 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 company has a quick ratio of 1.91, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. CTS has a one year low of $42.20 and a one year high of $59.68. The business has a fifty day moving average price of $52.81 and a 200-day moving average price of $50.56. The company has a market cap of $1.43 billion, a price-to-earnings 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 analysts’ consensus estimates of $0.59 by ($0.06). CTS had a net margin of 11.66% and a return on equity of 12.39%. Analysts anticipate that CTS will post 2.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CTS shares. StockNews.com upgraded shares of CTS from a “hold” rating to a “buy” rating in a report on Saturday, February 1st. Scotiabank downgraded shares of CTS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th.

Insider Buying and Selling

In related news, CEO Kieran M. O’sullivan sold 6,690 shares of CTS stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $55.83, for a total transaction of $373,502.70. Following the completion of the sale, the chief executive officer now owns 375,643 shares of the company’s stock, valued at approximately $20,972,148.69. The trade was a 1.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 59,956 shares of company stock valued at $3,331,185. 2.00% of the stock is owned by insiders.

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.