Raymond James & Associates Acquires Shares of 21,380 CTS Co. (NYSE:CTS)

Raymond James & Associates purchased a new position in shares of CTS Co. (NYSE:CTS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 21,380 shares of the electronics maker's stock, valued at approximately $935,000. Raymond James & Associates owned approximately 0.07% of CTS as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CTS. SG Americas Securities LLC raised its holdings in shares of CTS by 108.5% during the 3rd quarter. SG Americas Securities LLC now owns 25,591 shares of the electronics maker's stock worth $1,068,000 after buying an additional 13,317 shares in the last quarter. Guidance Capital Inc. grew its position in CTS by 9.1% during the 3rd quarter. Guidance Capital Inc. now owns 5,238 shares of the electronics maker's stock worth $218,000 after acquiring an additional 438 shares during the last quarter. Miller Howard Investments Inc. NY bought a new stake in CTS during the 3rd quarter worth $216,000. Brown Advisory Inc. grew its position in CTS by 2.3% during the 3rd quarter. Brown Advisory Inc. now owns 1,235,401 shares of the electronics maker's stock worth $51,566,000 after acquiring an additional 27,808 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in CTS by 30.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,578 shares of the electronics maker's stock worth $275,000 after acquiring an additional 1,525 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Insider Activity at CTS

In related news, CFO Ashish Agrawal sold 4,504 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.10, for a total transaction of $212,138.40. Following the transaction, the chief financial officer now directly owns 128,777 shares of the company's stock, valued at approximately $6,065,396.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Ashish Agrawal sold 4,504 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.10, for a total transaction of $212,138.40. Following the transaction, the chief financial officer now directly owns 128,777 shares of the company's stock, valued at approximately $6,065,396.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Kieran M. O'sullivan sold 14,976 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.13, for a total value of $705,818.88. Following the transaction, the chief executive officer now directly owns 501,637 shares in the company, valued at $23,642,151.81. The disclosure for this sale can be found here. Insiders have sold a total of 22,419 shares of company stock worth $1,056,090 in the last 90 days. Corporate insiders own 2.30% of the company's stock.

CTS Trading Up 0.9 %

Shares of NYSE CTS traded up $0.37 during trading on Monday, reaching $43.80. The company had a trading volume of 109,941 shares, compared to its average volume of 148,123. The company's fifty day moving average price is $45.03 and its 200-day moving average price is $42.45. CTS Co. has a 12 month low of $35.50 and a 12 month high of $47.90. The stock has a market cap of $1.34 billion, a P/E ratio of 22.81 and a beta of 0.61. The company has a quick ratio of 2.67, a current ratio of 3.29 and a debt-to-equity ratio of 0.13.

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

CTS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, March 28th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.37%. CTS's payout ratio is 8.33%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CTS. TD Cowen boosted their price objective on CTS from $38.00 to $46.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 7th. Sidoti lowered CTS from a "buy" rating to a "neutral" rating and set a $46.00 price objective on the stock. in a research report 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.