JPMorgan Chase & Co. Acquires 57,135 Shares of CTS Co. (NYSE:CTS)

JPMorgan Chase & Co. lifted its stake in CTS Co. (NYSE:CTS - Free Report) by 72.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 135,969 shares of the electronics maker's stock after purchasing an additional 57,135 shares during the quarter. JPMorgan Chase & Co. owned 0.45% of CTS worth $7,170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CTS. Oppenheimer Asset Management Inc. lifted its stake in CTS by 1.2% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 26,646 shares of the electronics maker's stock valued at $1,405,000 after buying an additional 328 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of CTS by 7.0% in the 4th quarter. Handelsbanken Fonder AB now owns 7,685 shares of the electronics maker's stock valued at $405,000 after acquiring an additional 500 shares in the last quarter. KBC Group NV boosted its stake in CTS by 58.2% in the 4th quarter. KBC Group NV now owns 1,713 shares of the electronics maker's stock worth $90,000 after purchasing an additional 630 shares during the period. Smartleaf Asset Management LLC boosted its stake in 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 purchasing an additional 633 shares during the period. Finally, Natixis Advisors LLC grew its position in CTS by 5.2% during the 4th quarter. Natixis Advisors LLC now owns 17,709 shares of the electronics maker's stock worth $934,000 after purchasing an additional 868 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

CTS Stock Up 1.8 %

CTS stock traded up $0.66 during midday trading on Tuesday, reaching $38.01. The company had a trading volume of 175,335 shares, compared to its average volume of 156,957. CTS Co. has a 1 year low of $34.02 and a 1 year high of $59.68. The company has a current ratio of 2.50, a quick ratio of 1.95 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $41.51 and a two-hundred day moving average of $48.29. The company has a market capitalization of $1.14 billion, a P/E ratio of 20.00 and a beta of 0.61.

CTS (NYSE:CTS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.06). CTS had a return on equity of 12.67% and a net margin of 11.27%. On average, equities research analysts expect that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Friday, March 28th. CTS's dividend payout ratio (DPR) is presently 8.42%.

Analysts Set New Price Targets

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

CTS Company 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.