Rockefeller Capital Management L.P. Buys 21,620 Shares of CTS Co. (NYSE:CTS)

Rockefeller Capital Management L.P. grew its position in shares of CTS Co. (NYSE:CTS - Free Report) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,064 shares of the electronics maker's stock after purchasing an additional 21,620 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.53% of CTS worth $8,440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in CTS by 608.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker's stock valued at $39,000 after buying an additional 633 shares during the last quarter. KBC Group NV lifted its holdings in shares of CTS by 58.2% during the fourth 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. Envestnet Portfolio Solutions Inc. bought a new stake in shares of CTS in the fourth quarter worth $202,000. Corient Private Wealth LLC acquired a new stake in CTS in the fourth quarter valued at $214,000. Finally, Atria Wealth Solutions Inc. bought a new position in CTS during the 4th quarter worth $214,000. 96.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

CTS Trading Up 1.8 %

NYSE:CTS traded up $0.66 on Tuesday, reaching $38.01. 175,335 shares of the stock traded hands, compared to its average volume of 156,957. The company has a current ratio of 2.50, a quick ratio of 1.95 and a debt-to-equity ratio of 0.17. CTS Co. has a 1-year low of $34.02 and a 1-year high of $59.68. The company's 50 day moving average is $41.51 and its 200-day moving average is $48.29. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 20.00 and a beta of 0.61.

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

CTS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Friday, March 28th. CTS's dividend payout ratio is 8.42%.

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.