CTS Co. (NYSE:CTS - Get Free Report) CFO Ashish Agrawal sold 800 shares of the firm's stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $47.00, for a total transaction of $37,600.00. Following the transaction, the chief financial officer now directly owns 127,977 shares of the company's stock, valued at $6,014,919. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Ashish Agrawal also recently made the following trade(s):
- On Thursday, March 28th, Ashish Agrawal sold 4,504 shares of CTS stock. The shares were sold at an average price of $47.10, for a total transaction of $212,138.40.
CTS Price Performance
CTS stock opened at $45.46 on Tuesday. CTS Co. has a 12 month low of $35.50 and a 12 month high of $47.90. The company has a current ratio of 3.29, a quick ratio of 2.67 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $45.17 and a 200 day moving average price of $42.38. The stock has a market cap of $1.40 billion, a PE ratio of 23.68 and a beta of 0.61.
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CTS (NYSE:CTS - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The electronics maker reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. CTS had a net margin of 11.00% and a return on equity of 13.41%. The firm had revenue of $124.69 million during the quarter, compared to analysts' expectations of $124.51 million. During the same period in the previous year, the company earned $0.56 EPS. The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. Equities research analysts anticipate that CTS Co. will post 2.3 earnings per share for the current year.
CTS Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, March 28th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.35%. CTS's dividend payout ratio is presently 8.33%.
Hedge Funds Weigh In On CTS
Large investors have recently made changes to their positions in the company. American Century Companies Inc. bought a new stake in CTS during the 1st quarter valued at about $870,000. US Bancorp DE lifted its holdings in CTS by 26.5% during the 1st quarter. US Bancorp DE now owns 19,400 shares of the electronics maker's stock valued at $686,000 after buying an additional 4,064 shares in the last quarter. HighTower Advisors LLC bought a new stake in CTS during the 1st quarter valued at about $241,000. Citigroup Inc. lifted its holdings in CTS by 8.1% during the 1st quarter. Citigroup Inc. now owns 41,152 shares of the electronics maker's stock valued at $1,453,000 after buying an additional 3,101 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in CTS by 36.8% during the 1st quarter. MetLife Investment Management LLC now owns 16,890 shares of the electronics maker's stock valued at $597,000 after buying an additional 4,539 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently weighed in on CTS shares. Sidoti cut shares of CTS from a "buy" rating to a "neutral" rating and set a $46.00 target price for the company. in a research note on Wednesday, February 7th. TD Cowen lifted their price objective on shares of CTS from $38.00 to $46.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 7th.
Check Out Our Latest Analysis on CTS
CTS Company Profile
(
Get Free Report)
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.
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