CTS Co. (NYSE:CTS) CEO Kieran M. O’sullivan Sells 2,064 Shares of Stock

CTS Co. (NYSE:CTS) CEO Kieran M. O’sullivan sold 2,064 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $47.00, for a total transaction of $97,008.00. Following the completion of the transaction, the chief executive officer now owns 499,498 shares in the company, valued at approximately $23,476,406. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

CTS Stock Performance

Shares of CTS opened at $45.46 on Tuesday. The company’s fifty day moving average is $45.17 and its 200-day moving average is $42.38. CTS Co. has a 12 month low of $35.50 and a 12 month high of $47.90. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 23.68 and a beta of 0.61. The company has a quick ratio of 2.67, a current ratio of 3.29 and a debt-to-equity ratio of 0.13.

CTS (NYSE:CTS) last posted its quarterly earnings data on Tuesday, February 6th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $124.69 million during the quarter, compared to the consensus estimate of $124.51 million. CTS had a net margin of 11.00% and a return on equity of 13.41%. CTS’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS. Equities analysts expect that CTS Co. will post 2.3 EPS for the current fiscal year.

CTS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, March 28th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Wednesday, March 27th. CTS’s dividend payout ratio is currently 8.33%.

Institutional Trading of CTS

Large investors have recently modified their holdings of the company. Parallel Advisors LLC boosted 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 worth $25,000 after buying an additional 410 shares during the period. Tower Research Capital LLC TRC boosted its holdings in CTS by 140.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 728 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 425 shares during the period. FMR LLC boosted its holdings in CTS by 39.1% in the 1st quarter. FMR LLC now owns 986 shares of the electronics maker’s stock valued at $49,000 after purchasing an additional 277 shares during the period. Point72 Hong Kong Ltd bought a new stake in CTS in the 2nd quarter valued at $56,000. Finally, Quadrant Capital Group LLC boosted its holdings in CTS by 25.8% in 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 during the period. 96.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CTS shares. TD Cowen upped their price objective on shares of CTS from $38.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Sidoti lowered shares of CTS from a “buy” rating to a “neutral” rating and set a $46.00 price target on the stock. in a research note on Wednesday, February 7th.

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.