Royce & Associates LP Sells 3,964 Shares of CTS Co. (NYSE:CTS)

Royce & Associates LP cut its holdings in CTS Co. (NYSE:CTS) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 290,549 shares of the electronics maker’s stock after selling 3,964 shares during the period. Royce & Associates LP’s holdings in CTS were worth $15,321,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. B. Metzler seel. Sohn & Co. Holding AG bought a new position in CTS in the 3rd quarter worth approximately $1,890,000. Geode Capital Management LLC grew its stake in shares of CTS by 4.3% in the third quarter. Geode Capital Management LLC now owns 806,180 shares of the electronics maker’s stock worth $39,010,000 after acquiring an additional 33,449 shares during the last quarter. Intech Investment Management LLC bought a new position in CTS during the third quarter worth $1,719,000. Atria Wealth Solutions Inc. acquired a new position in CTS during the 4th quarter valued at $214,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in CTS by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,602 shares of the electronics maker’s stock valued at $18,655,000 after purchasing an additional 9,674 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

CTS Stock Performance

CTS opened at $42.44 on Monday. The stock has a market cap of $1.28 billion, a PE ratio of 22.34 and a beta of 0.57. CTS Co. has a 1 year low of $41.23 and a 1 year high of $59.68. The stock’s 50 day simple moving average is $47.64 and its 200-day simple moving average is $49.89. 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 (NYSE:CTS) last announced its quarterly earnings data 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 11.27% and a return on equity of 12.67%. Sell-side analysts forecast that CTS Co. will post 2.28 EPS for the current year.

CTS Announces Dividend

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

Analysts Set New Price Targets

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

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.