CTS Co. (CTS) To Go Ex-Dividend on December 27th

CTS Co. (NYSE:CTS) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, December 27th will be given a dividend of 0.04 per share by the electronics maker on Friday, January 31st. This represents a $0.16 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Friday, December 27th.

CTS has a dividend payout ratio of 6.8% indicating that its dividend is sufficiently covered by earnings.

CTS Stock Performance

Shares of CTS stock opened at $53.42 on Wednesday. The company has a 50-day simple moving average of $53.22 and a 200 day simple moving average of $50.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.91 and a current ratio of 2.46. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 27.54 and a beta of 0.60. CTS has a 52 week low of $40.09 and a 52 week high of $59.68.

CTS (NYSE:CTS) last announced its earnings results on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $132.42 million for the quarter. CTS had a return on equity of 12.39% and a net margin of 11.66%. During the same quarter last year, the business posted $0.54 EPS. On average, sell-side analysts predict that CTS will post 2.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CTS. StockNews.com cut 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 research report on Friday, October 25th.

Insider Transactions at CTS

In other news, CEO Kieran M. O’sullivan sold 6,690 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $55.83, for a total transaction of $373,502.70. Following the completion of the sale, the chief executive officer now owns 375,643 shares of the company’s stock, valued at approximately $20,972,148.69. This represents a 1.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 59,956 shares of company stock valued at $3,331,185. 2.30% of the stock is owned by corporate insiders.

About CTS

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.