CTS Co. (NYSE:CTS) CEO Kieran M. O’sullivan Sells 27,905 Shares

CTS Co. (NYSE:CTS) CEO Kieran M. O’sullivan sold 27,905 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $47.11, for a total transaction of $1,314,604.55. Following the completion of the transaction, the chief executive officer now directly owns 455,643 shares of the company’s stock, valued at approximately $21,465,341.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CTS Stock Up 3.7 %

CTS stock opened at $47.42 on Thursday. The firm’s 50 day moving average price is $45.18 and its two-hundred day moving average price is $42.68. The firm has a market cap of $1.46 billion, a PE ratio of 24.70 and a beta of 0.61. CTS Co. has a twelve month low of $35.50 and a twelve month high of $47.96. 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 (NYSE:CTS) last issued its earnings results on Tuesday, February 6th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $124.69 million during the quarter, compared to analyst estimates of $124.51 million. CTS had a net margin of 11.00% and a return on equity of 13.41%. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. On average, research analysts predict that CTS Co. will post 2.3 EPS for the current fiscal year.

CTS Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Wednesday, March 27th. CTS’s dividend payout ratio (DPR) is currently 8.33%.

Analyst Upgrades and Downgrades

CTS has been the subject of a number of research analyst reports. TD Cowen increased their target price on CTS from $38.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, February 7th. Sidoti downgraded 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.

Institutional Investors Weigh In On CTS

A number of institutional investors have recently modified their holdings of CTS. Parallel Advisors LLC raised its holdings in shares of CTS by 245.5% during the 4th quarter. Parallel Advisors LLC now owns 577 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 410 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of CTS by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,636 shares of the electronics maker’s stock valued at $72,000 after purchasing an additional 336 shares in the last quarter. Handelsbanken Fonder AB bought a new position in shares of CTS during the 4th quarter valued at $209,000. Perpetual Ltd bought a new position in shares of CTS during the 1st quarter valued at $211,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of CTS during the 1st quarter valued at $216,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

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.