Ashish Agrawal Sells 800 Shares of CTS Co. (NYSE:CTS) Stock

CTS Co. (NYSE:CTS - Get Free Report) CFO Ashish Agrawal sold 800 shares of the company's stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $47.00, for a total transaction of $37,600.00. Following the transaction, the chief financial officer now directly owns 127,977 shares of the company's stock, valued at approximately $6,014,919. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ashish Agrawal also recently made the following trade(s):

• On Thursday, March 28th, Ashish Agrawal sold 4,504 shares of CTS stock. The stock was sold at an average price of $47.10, for a total transaction of $212,138.40.

CTS Stock Down 1.1 %

Shares of CTS stock traded down $0.51 on Monday, hitting $45.46. The stock had a trading volume of 129,342 shares, compared to its average volume of 150,442. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 23.68 and a beta of 0.61. The stock's 50 day moving average is $45.09 and its 200-day moving average is $42.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.67 and a current ratio of 3.29. CTS Co. has a 52-week low of $35.50 and a 52-week high of $47.90.

CTS (NYSE:CTS - Get Free Report) last announced its earnings results on Tuesday, February 6th. The electronics maker reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $124.69 million during the quarter, compared to the consensus estimate of $124.51 million. CTS had a net margin of 11.00% and a return on equity of 13.41%. The business's quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 earnings per share. As a group, research analysts expect that CTS Co. will post 2.3 earnings per share for the current year.

CTS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.35%. CTS's dividend payout ratio (DPR) is 8.33%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CTS. American Century Companies Inc. acquired a new stake in shares of CTS during the first quarter worth $870,000. US Bancorp DE increased its holdings in shares of CTS by 26.5% in the 1st quarter. US Bancorp DE now owns 19,400 shares of the electronics maker's stock worth $686,000 after acquiring an additional 4,064 shares during the period. HighTower Advisors LLC acquired a new stake in shares of CTS in the 1st quarter worth about $241,000. Citigroup Inc. increased its holdings in shares of CTS by 8.1% in the 1st quarter. Citigroup Inc. now owns 41,152 shares of the electronics maker's stock worth $1,453,000 after acquiring an additional 3,101 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in shares of CTS by 36.8% in the 1st quarter. MetLife Investment Management LLC now owns 16,890 shares of the electronics maker's stock worth $597,000 after acquiring an additional 4,539 shares during the period. 96.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Sidoti downgraded shares of CTS from a "buy" rating to a "neutral" rating and set a $46.00 price objective for the company. in a research note on Wednesday, February 7th. TD Cowen boosted their price objective on shares of CTS from $38.00 to $46.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 7th.

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.