CTS Co. (NYSE:CTS) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of CTS Co. (NYSE:CTS) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 392,690 shares of the electronics maker’s stock after acquiring an additional 7,088 shares during the period. Charles Schwab Investment Management Inc. owned about 1.30% of CTS worth $20,707,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CTS. Smartleaf Asset Management LLC lifted its position in shares of CTS by 608.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker’s stock valued at $39,000 after acquiring an additional 633 shares during the last quarter. KBC Group NV raised its stake in CTS by 58.2% during the 4th quarter. KBC Group NV now owns 1,713 shares of the electronics maker’s stock valued at $90,000 after purchasing an additional 630 shares during the period. Quest Partners LLC acquired a new stake in CTS during the 3rd quarter valued at $92,000. Atria Wealth Solutions Inc. acquired a new stake in CTS during the 4th quarter valued at $214,000. Finally, Raymond James Trust N.A. raised its stake in CTS by 13.6% during the 3rd quarter. Raymond James Trust N.A. now owns 5,587 shares of the electronics maker’s stock valued at $270,000 after purchasing an additional 669 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

CTS Price Performance

Shares of NYSE:CTS opened at $43.33 on Thursday. The company’s fifty day moving average is $47.10 and its two-hundred day moving average is $49.76. The company has a quick ratio of 1.95, a current ratio of 2.50 and a debt-to-equity ratio of 0.17. CTS Co. has a 12-month low of $41.23 and a 12-month high of $59.68. The company has a market cap of $1.30 billion, a P/E ratio of 22.80 and a beta of 0.57.

CTS (NYSE:CTS) last posted its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). CTS had a return on equity of 12.67% and a net margin of 11.27%. Equities analysts expect that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Friday, March 28th. CTS’s dividend payout ratio (DPR) is presently 8.42%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of CTS from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd.

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.