Deutsche Bank AG Acquires 8,598 Shares of CTS Co. (NYSE:CTS)

Deutsche Bank AG lifted its position in shares of CTS Co. (NYSE:CTS - Free Report) by 50.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,478 shares of the electronics maker's stock after purchasing an additional 8,598 shares during the period. Deutsche Bank AG owned about 0.08% of CTS worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp grew its holdings in CTS by 10.4% during the 4th quarter. Northern Trust Corp now owns 338,930 shares of the electronics maker's stock worth $17,872,000 after acquiring an additional 31,803 shares during the last quarter. Quarry LP lifted its holdings in shares of CTS by 572.4% during the fourth quarter. Quarry LP now owns 659 shares of the electronics maker's stock worth $35,000 after purchasing an additional 561 shares during the period. Voya Investment Management LLC lifted its holdings in shares of CTS by 13.4% during the fourth quarter. Voya Investment Management LLC now owns 105,518 shares of the electronics maker's stock worth $5,564,000 after purchasing an additional 12,490 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of CTS by 3.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,218,002 shares of the electronics maker's stock worth $116,956,000 after purchasing an additional 73,435 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in CTS by 7.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,892 shares of the electronics maker's stock valued at $1,419,000 after purchasing an additional 1,902 shares during the period. Institutional investors and hedge funds own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised CTS from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

CTS Trading Up 1.0%

CTS stock traded up $0.41 during trading on Thursday, hitting $40.73. The company had a trading volume of 137,961 shares, compared to its average volume of 158,700. The stock has a market cap of $1.22 billion, a PE ratio of 21.44 and a beta of 0.76. The business has a 50-day moving average of $39.67 and a 200-day moving average of $46.49. 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 one year low of $34.02 and a one year high of $59.68.

CTS (NYSE:CTS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.05). The firm 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%. Research analysts predict that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, June 27th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, June 27th. CTS's dividend payout ratio is 8.08%.

CTS 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.