Northern Trust Corp Boosts Position in CTS Co. (NYSE:CTS)

Northern Trust Corp lifted its holdings in shares of CTS Co. (NYSE:CTS - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Several other large investors have also made changes to their positions in the business. T. Rowe Price Investment Management Inc. raised its stake in shares of CTS by 3.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,218,002 shares of the electronics maker's stock worth $116,956,000 after buying an additional 73,435 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of CTS by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 392,690 shares of the electronics maker's stock worth $20,707,000 after buying an additional 7,088 shares during the period. Raymond James Financial Inc. acquired a new position in shares of CTS during the 4th quarter worth approximately $15,852,000. Bank of New York Mellon Corp raised its stake in shares of CTS by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 282,737 shares of the electronics maker's stock worth $14,909,000 after buying an additional 3,115 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of CTS by 1.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 217,789 shares of the electronics maker's stock worth $11,484,000 after buying an additional 2,851 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

CTS Price Performance

NYSE CTS traded down $0.43 during mid-day trading on Monday, hitting $42.79. The stock had a trading volume of 99,321 shares, compared to its average volume of 158,268. The firm's 50 day moving average is $40.00 and its 200 day moving average is $47.23. CTS Co. has a twelve month low of $34.02 and a twelve month high of $59.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 1.95. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 22.52 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 the consensus estimate 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 during the quarter, compared to analyst estimates of $128.72 million. Equities research analysts forecast that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

The company 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 $0.04 dividend. 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 currently 8.08%.

Wall Street Analyst Weigh In

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

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.