CTS Corporation (NYSE:CTS) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its holdings in shares of CTS Corporation (NYSE:CTS - Free Report) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 588,647 shares of the electronics maker's stock after selling 13,147 shares during the period. Brown Advisory Inc. owned approximately 1.96% of CTS worth $24,458,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quarry LP lifted its holdings in CTS by 572.4% in the fourth quarter. Quarry LP now owns 659 shares of the electronics maker's stock valued at $35,000 after acquiring an additional 561 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of CTS by 608.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker's stock worth $39,000 after buying an additional 633 shares in the last quarter. GAMMA Investing LLC grew its stake in CTS by 81.3% in the 1st quarter. GAMMA Investing LLC now owns 1,273 shares of the electronics maker's stock valued at $53,000 after acquiring an additional 571 shares during the last quarter. Versant Capital Management Inc increased its holdings in CTS by 581.7% during the 1st quarter. Versant Capital Management Inc now owns 1,793 shares of the electronics maker's stock valued at $74,000 after acquiring an additional 1,530 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in CTS during the fourth quarter worth about $202,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

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 Price Performance

CTS stock traded down $0.92 during mid-day trading on Friday, hitting $41.88. 157,362 shares of the company were exchanged, compared to its average volume of 161,426. CTS Corporation has a 12-month low of $34.02 and a 12-month high of $59.68. The company has a market capitalization of $1.25 billion, a P/E ratio of 21.15 and a beta of 0.80. The business's 50 day simple moving average is $41.93 and its two-hundred day simple moving average is $43.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.63 and a quick ratio of 2.05.

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). The company had revenue of $125.77 million for the quarter, compared to analysts' expectations of $128.72 million. CTS had a return on equity of 12.32% and a net margin of 11.70%. Analysts forecast that CTS Corporation will post 2.28 earnings per share for the current fiscal year.

CTS Announces Dividend

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