Insider Selling: CTS Co. (NYSE:CTS) CFO Sells $212,138.40 in Stock

CTS Co. (NYSE:CTSGet Free Report) CFO Ashish Agrawal sold 4,504 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $47.10, for a total value of $212,138.40. Following the sale, the chief financial officer now owns 128,777 shares of the company’s stock, valued at approximately $6,065,396.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

CTS Price Performance

NYSE CTS opened at $44.84 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.29 and a quick ratio of 2.67. The stock’s fifty day moving average price is $44.57 and its 200 day moving average price is $42.13. CTS Co. has a 1 year low of $35.50 and a 1 year high of $47.90. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 23.35 and a beta of 0.61.

CTS (NYSE:CTSGet Free Report) last released its earnings results on Tuesday, February 6th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $124.51 million. During the same period in the prior year, the firm earned $0.56 EPS. The firm’s revenue was down 12.4% on a year-over-year basis. As a group, equities research analysts forecast that CTS Co. will post 2.3 earnings per share for the current year.

CTS Announces Dividend

The company 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 $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Wednesday, March 27th. CTS’s payout ratio is 8.33%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Sidoti lowered CTS from a “buy” rating to a “neutral” rating and set a $46.00 price objective for the company. in a report on Wednesday, February 7th. TD Cowen increased their price objective on CTS from $38.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, February 7th.

Check Out Our Latest Stock Analysis on CTS

Hedge Funds Weigh In On CTS

Several hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its position in shares of CTS by 5.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,331,200 shares of the electronics maker’s stock valued at $131,316,000 after acquiring an additional 162,871 shares during the period. Price T Rowe Associates Inc. MD grew its position in CTS by 1.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,150,545 shares of the electronics maker’s stock worth $107,276,000 after purchasing an additional 59,524 shares during the period. Vanguard Group Inc. grew its position in CTS by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,772,099 shares of the electronics maker’s stock worth $121,252,000 after purchasing an additional 42,176 shares during the period. Wellington Management Group LLP grew its position in CTS by 7.6% during the 4th quarter. Wellington Management Group LLP now owns 1,344,017 shares of the electronics maker’s stock worth $58,787,000 after purchasing an additional 94,901 shares during the period. Finally, 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 purchasing an additional 27,808 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

CTS Company Profile

(Get Free Report)

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.

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