Northern Trust Corp Purchases 31,803 Shares of CTS Co. (NYSE:CTS)

Northern Trust Corp boosted its position in CTS Co. (NYSE:CTS - Free Report) by 10.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 338,930 shares of the electronics maker's stock after buying an additional 31,803 shares during the quarter. Northern Trust Corp owned approximately 1.13% of CTS worth $17,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Barclays PLC grew its position in shares of CTS by 256.1% in the third quarter. Barclays PLC now owns 57,238 shares of the electronics maker's stock valued at $2,769,000 after purchasing an additional 41,164 shares in the last quarter. Perpetual Ltd grew its position in shares of CTS by 88.5% in the fourth quarter. Perpetual Ltd now owns 8,501 shares of the electronics maker's stock valued at $448,000 after purchasing an additional 3,991 shares in the last quarter. KBC Group NV grew its position in shares of CTS by 58.2% in the fourth quarter. KBC Group NV now owns 1,713 shares of the electronics maker's stock valued at $90,000 after purchasing an additional 630 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of CTS by 252.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 65,174 shares of the electronics maker's stock valued at $3,437,000 after purchasing an additional 46,686 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of CTS by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 155,018 shares of the electronics maker's stock valued at $8,174,000 after purchasing an additional 4,004 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other 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 Price Performance

NYSE:CTS traded up $0.52 during trading hours on Friday, hitting $43.26. 138,115 shares of the company's stock traded hands, compared to its average volume of 158,573. The firm has a market cap of $1.29 billion, a P/E ratio of 22.77 and a beta of 0.76. CTS Co. has a 52 week low of $34.02 and a 52 week high of $59.68. The business's fifty day simple moving average is $39.99 and its two-hundred day simple moving average is $47.33. The company has a quick ratio of 1.95, a current ratio of 2.50 and a debt-to-equity ratio of 0.17.

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 (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.05). The business had revenue of $125.77 million for the quarter, compared to the consensus estimate of $128.72 million. CTS had a net margin of 11.27% and a return on equity of 12.67%. On average, research analysts anticipate 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. Investors of record on Friday, June 27th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.37%. The ex-dividend date is Friday, June 27th. CTS's dividend payout ratio is 8.08%.

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.