Wellington Management Group LLP Has $32.90 Million Position in CTS Co. (NYSE:CTS)

Wellington Management Group LLP decreased its holdings in shares of CTS Co. (NYSE:CTS - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 623,947 shares of the electronics maker's stock after selling 77,291 shares during the period. Wellington Management Group LLP owned about 2.08% of CTS worth $32,901,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP grew its position 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 acquiring an additional 561 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of CTS by 608.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker's stock worth $39,000 after acquiring an additional 633 shares during the last quarter. KBC Group NV grew its position in shares of CTS by 58.2% during the fourth quarter. KBC Group NV now owns 1,713 shares of the electronics maker's stock worth $90,000 after acquiring an additional 630 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of CTS during the fourth quarter worth about $202,000. Finally, Corient Private Wealth LLC bought a new position in shares of CTS during the fourth quarter worth about $214,000. Institutional investors own 96.87% of the company's stock.

CTS Stock Performance

CTS stock remained flat at $41.70 during trading on Wednesday. 36,107 shares of the company traded hands, compared to its average volume of 158,107. CTS Co. has a 1-year low of $34.02 and a 1-year high of $59.68. The company has a quick ratio of 1.95, a current ratio of 2.50 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $39.52 and a 200 day moving average price of $46.14. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 21.95 and a beta of 0.76.

CTS (NYSE:CTS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.05). CTS had a net margin of 11.27% and a return on equity of 12.67%. The firm had revenue of $125.77 million for the quarter, compared to analysts' expectations of $128.72 million. As a group, equities analysts predict that CTS Co. will post 2.28 EPS for the current year.

CTS Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Friday, June 27th. CTS's dividend payout ratio is presently 8.08%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of CTS from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.

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.