CTS Co. (NYSE:CTS) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC grew its stake in shares of CTS Co. (NYSE:CTS - Free Report) by 13.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 105,518 shares of the electronics maker's stock after buying an additional 12,490 shares during the period. Voya Investment Management LLC owned 0.35% of CTS worth $5,564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in CTS during the fourth quarter valued at approximately $15,852,000. Norges Bank purchased a new position in shares of CTS in the 4th quarter valued at $4,439,000. T. Rowe Price Investment Management Inc. lifted its holdings 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 valued at $116,956,000 after acquiring an additional 73,435 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in CTS during the 4th quarter worth $3,787,000. Finally, JPMorgan Chase & Co. increased its holdings in CTS by 72.5% in the 4th quarter. JPMorgan Chase & Co. now owns 135,969 shares of the electronics maker's stock valued at $7,170,000 after purchasing an additional 57,135 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

CTS Stock Up 0.2 %

Shares of CTS traded up $0.09 during mid-day trading on Tuesday, reaching $39.11. 14,139 shares of the stock traded hands, compared to its average volume of 156,879. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 20.61 and a beta of 0.76. The stock has a fifty day simple moving average of $40.34 and a 200 day simple moving average of $47.72. 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 Co. has a 12-month low of $34.02 and a 12-month high of $59.68.

CTS (NYSE:CTS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.05). The firm had revenue of $125.77 million during the quarter, compared to analyst estimates of $128.72 million. CTS had a return on equity of 12.67% and a net margin of 11.27%. Sell-side analysts expect that CTS Co. will post 2.28 EPS for the current fiscal year.

CTS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.41%. CTS's dividend payout ratio (DPR) is presently 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.