CTS Corporation (NYSE:CTS) announced its quarterly earnings results on Thursday. The electronics maker reported $0.28 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28, Briefing.com reports. CTS Corporation had a net margin of 8.75% and a return on equity of 11.60%. The company had revenue of $105.70 million for the quarter, compared to analyst estimates of $103.31 million. During the same quarter in the prior year, the business posted $0.26 EPS. CTS Corporation’s quarterly revenue was up 7.1% on a year-over-year basis. CTS Corporation updated its FY17 guidance to $1.12-1.22 EPS.

Shares of CTS Corporation (NYSE:CTS) traded up 0.23% on Thursday, hitting $21.75. 22,854 shares of the stock traded hands. The firm has a market capitalization of $714.51 million, a PE ratio of 20.91 and a beta of 1.23. The firm’s 50 day moving average is $21.86 and its 200 day moving average is $21.66. CTS Corporation has a 52 week low of $16.35 and a 52 week high of $24.80.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, June 23rd will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.74%. CTS Corporation’s dividend payout ratio (DPR) is 15.24%.

Several hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of CTS Corporation during the first quarter worth approximately $123,000. Bank of Montreal Can raised its stake in shares of CTS Corporation by 21.8% in the first quarter. Bank of Montreal Can now owns 6,304 shares of the electronics maker’s stock worth $134,000 after buying an additional 1,130 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of CTS Corporation by 7.5% in the first quarter. SG Americas Securities LLC now owns 6,463 shares of the electronics maker’s stock worth $138,000 after buying an additional 449 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of CTS Corporation by 554.7% in the first quarter. LS Investment Advisors LLC now owns 7,477 shares of the electronics maker’s stock worth $159,000 after buying an additional 6,335 shares in the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of CTS Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 7,661 shares of the electronics maker’s stock worth $163,000 after buying an additional 502 shares in the last quarter. 92.12% of the stock is currently owned by institutional investors and hedge funds.

Separately, HSBC Holdings plc lowered shares of CTS Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th.

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CTS Corporation Company Profile

CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets.

Earnings History for CTS Corporation (NYSE:CTS)

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