Teacher Retirement System of Texas Sells 427 Shares of CTS Co. (NYSE:CTS)

Teacher Retirement System of Texas lowered its stake in CTS Co. (NYSE:CTS) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,779 shares of the electronics maker’s stock after selling 427 shares during the quarter. Teacher Retirement System of Texas’ holdings in CTS were worth $410,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC boosted its position in CTS by 147.7% in the fourth quarter. Intech Investment Management LLC now owns 88,021 shares of the electronics maker’s stock valued at $4,641,000 after buying an additional 52,482 shares in the last quarter. Corient Private Wealth LLC acquired a new position in CTS in the 4th quarter worth about $214,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of CTS during the fourth quarter valued at about $202,000. Natixis Advisors LLC grew its holdings in shares of CTS by 5.2% during the fourth quarter. Natixis Advisors LLC now owns 17,709 shares of the electronics maker’s stock worth $934,000 after purchasing an additional 868 shares during the last quarter. Finally, Madison Investment Advisors LLC bought a new position in CTS in the 4th quarter valued at approximately $3,787,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

CTS Stock Performance

Shares of CTS stock opened at $41.54 on Tuesday. CTS Co. has a one year low of $41.23 and a one year high of $59.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 1.95. The business’s 50 day simple moving average is $45.79 and its 200 day simple moving average is $49.59. The stock has a market capitalization of $1.25 billion, a PE ratio of 21.86 and a beta of 0.57.

CTS (NYSE:CTS) last announced its earnings results on Tuesday, February 4th. The electronics maker reported $0.53 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. As a group, research analysts forecast that CTS Co. will post 2.28 earnings per share for the current year.

CTS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a dividend of $0.04 per share. The ex-dividend date is Friday, March 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.39%. CTS’s dividend payout ratio (DPR) is presently 8.42%.

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.