Earnest Partners LLC Sells 11,826 Shares of CTS Co. (NYSE:CTS)

Earnest Partners LLC decreased its position in shares of CTS Co. (NYSE:CTS - Free Report) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,670,528 shares of the electronics maker's stock after selling 11,826 shares during the period. Earnest Partners LLC owned about 5.55% of CTS worth $88,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its stake in shares of CTS by 3.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,218,002 shares of the electronics maker's stock valued at $116,956,000 after purchasing an additional 73,435 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in CTS by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 392,690 shares of the electronics maker's stock valued at $20,707,000 after acquiring an additional 7,088 shares during the last quarter. Raymond James Financial Inc. acquired a new position in 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% in the fourth quarter. Bank of New York Mellon Corp now owns 282,737 shares of the electronics maker's stock worth $14,909,000 after acquiring an additional 3,115 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of CTS by 1.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 217,789 shares of the electronics maker's stock valued at $11,484,000 after purchasing an additional 2,851 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded CTS from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd.

CTS Trading Up 3.7 %

Shares of NYSE CTS traded up $1.42 during midday trading on Friday, reaching $40.13. The stock had a trading volume of 99,372 shares, compared to its average volume of 157,692. The company's 50 day moving average price is $40.57 and its 200 day moving average price is $47.87. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.95 and a current ratio of 2.50. CTS Co. has a twelve month low of $34.02 and a twelve month high of $59.68. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 21.12 and a beta of 0.76.

CTS (NYSE:CTS - Get Free Report) last issued its quarterly 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). The business had revenue of $125.77 million for the quarter, compared to analyst estimates of $128.72 million. CTS had a return on equity of 12.67% and a net margin of 11.27%. As a group, sell-side analysts expect that CTS Co. will post 2.28 EPS for the current year.

CTS Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were paid a $0.04 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.40%. CTS's dividend payout ratio is currently 8.08%.

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.