Rhumbline Advisers Sells 740 Shares of CTS Co. (NYSE:CTS)

Rhumbline Advisers lowered its position in shares of CTS Co. (NYSE:CTS) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,105 shares of the electronics maker’s stock after selling 740 shares during the quarter. Rhumbline Advisers’ holdings in CTS were worth $4,646,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CTS. KBC Group NV boosted its position in shares of CTS by 58.2% during the 4th quarter. KBC Group NV now owns 1,713 shares of the electronics maker’s stock valued at $90,000 after purchasing an additional 630 shares in the last quarter. Quest Partners LLC acquired a new position in CTS in the third quarter valued at approximately $92,000. Raymond James Trust N.A. boosted its holdings in shares of CTS by 13.6% during the 3rd quarter. Raymond James Trust N.A. now owns 5,587 shares of the electronics maker’s stock worth $270,000 after buying an additional 669 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of CTS by 53.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 5,807 shares of the electronics maker’s stock worth $281,000 after buying an additional 2,011 shares during the period. Finally, Perpetual Ltd grew its position in shares of CTS by 88.5% during the 4th quarter. Perpetual Ltd now owns 8,501 shares of the electronics maker’s stock worth $448,000 after buying an additional 3,991 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of CTS from a “buy” rating to a “hold” rating in a research note on Sunday, February 9th.

Insider Buying and Selling at CTS

In related news, CEO Kieran M. O’sullivan sold 12,794 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $55.50, for a total value of $710,067.00. Following the transaction, the chief executive officer now owns 400,456 shares of the company’s stock, valued at approximately $22,225,308. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 59,956 shares of company stock valued at $3,331,185. Corporate insiders own 2.00% of the company’s stock.

CTS Price Performance

CTS stock opened at $44.29 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 1.95. The company’s 50-day moving average is $50.00 and its 200-day moving average is $50.27. The stock has a market capitalization of $1.33 billion, a PE ratio of 23.31 and a beta of 0.59. CTS Co. has a 1 year low of $42.63 and a 1 year high of $59.68.

CTS (NYSE:CTS) last announced its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share (EPS) 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 expect 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. Shareholders of record on Friday, March 28th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.16 annualized dividend and a yield of 0.36%. CTS’s payout ratio is 8.42%.

CTS 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.