CTS Co. (NYSE:CTS - Get Free Report) declared a quarterly dividend on Monday, May 12th, RTT News reports. Shareholders of record on Friday, June 27th will be given a dividend of 0.04 per share by the electronics maker on Friday, July 25th. This represents a $0.16 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Friday, June 27th.
CTS has a payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings.
CTS Stock Performance
CTS stock traded up $0.52 during midday trading on Friday, reaching $43.26. 138,115 shares of the company were exchanged, compared to its average volume of 158,505. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 1.95. The business has a 50-day moving average price of $39.99 and a two-hundred day moving average price of $47.30. CTS has a one year low of $34.02 and a one year high of $59.68. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 22.77 and a beta of 0.76.
CTS (NYSE:CTS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The electronics maker reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.05). CTS had a return on equity of 12.67% and a net margin of 11.27%. The firm had revenue of $125.77 million for the quarter, compared to analyst estimates of $128.72 million. Equities research analysts forecast that CTS will post 2.28 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised CTS from a "hold" rating to a "buy" rating in a report on Monday, March 3rd.
View Our Latest Research Report on CTS
Institutional Investors Weigh In On CTS
A number of hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in CTS by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker's stock valued at $744,000 after purchasing an additional 785 shares in the last quarter. Amundi raised its stake in CTS by 9.7% in the first quarter. Amundi now owns 11,542 shares of the electronics maker's stock valued at $480,000 after purchasing an additional 1,019 shares in the last quarter. AQR Capital Management LLC raised its stake in CTS by 19.4% in the first quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker's stock valued at $398,000 after purchasing an additional 1,558 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in CTS by 11.2% in the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker's stock valued at $292,000 after purchasing an additional 710 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.
About CTS
(
Get Free Report)
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.
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