Integrated Investment Consultants LLC Sells 244 Shares of CTS Co. (NYSE:CTS)

Integrated Investment Consultants LLC lessened its stake in CTS Co. (NYSE:CTS) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,665 shares of the electronics maker’s stock after selling 244 shares during the period. Integrated Investment Consultants LLC’s holdings in CTS were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CTS. Innealta Capital LLC purchased a new stake in shares of CTS during the 2nd quarter valued at $27,000. GAMMA Investing LLC raised its stake in CTS by 132.5% in the third quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker’s stock valued at $28,000 after buying an additional 334 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in CTS in the second quarter worth about $41,000. Quest Partners LLC purchased a new stake in shares of CTS during the third quarter worth about $92,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of CTS during the second quarter valued at about $157,000. 96.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on CTS shares. StockNews.com downgraded shares of CTS from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Scotiabank lowered shares of CTS from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th.

CTS Price Performance

Shares of NYSE CTS opened at $54.32 on Friday. CTS Co. has a 52 week low of $38.49 and a 52 week high of $59.68. The company has a quick ratio of 1.91, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.64 billion, a P/E ratio of 27.56 and a beta of 0.58. The business’s 50 day moving average price is $50.07 and its 200 day moving average price is $50.09.

CTS (NYSE:CTS) last released its quarterly earnings data on Tuesday, October 29th. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. CTS had a net margin of 11.66% and a return on equity of 12.39%. The business had revenue of $132.42 million for the quarter. During the same period last year, the company earned $0.54 earnings per share. On average, sell-side analysts expect that CTS Co. will post 2.15 earnings per share for the current year.

CTS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, December 27th will be issued a $0.04 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.29%. CTS’s dividend payout ratio (DPR) is presently 8.25%.

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.