Corient Private Wealth LLC Takes Position in CTS Co. (NYSE:CTS)

Corient Private Wealth LLC acquired a new position in CTS Co. (NYSE:CTS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,049 shares of the electronics maker’s stock, valued at approximately $214,000.

Several other large investors have also modified their holdings of CTS. Smartleaf Asset Management LLC boosted its stake in 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 purchasing an additional 633 shares during the period. KBC Group NV lifted its holdings in shares of CTS by 58.2% during the fourth quarter. KBC Group NV now owns 1,713 shares of the electronics maker’s stock worth $90,000 after buying an additional 630 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of CTS in the fourth quarter valued at approximately $202,000. Atria Wealth Solutions Inc. acquired a new stake in shares of CTS in the fourth quarter worth $214,000. Finally, Handelsbanken Fonder AB increased its position in CTS by 7.0% during the fourth quarter. Handelsbanken Fonder AB now owns 7,685 shares of the electronics maker’s stock worth $405,000 after acquiring an additional 500 shares during the period. 96.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

CTS Stock Down 0.9 %

CTS stock opened at $41.17 on Wednesday. CTS Co. has a twelve month low of $40.86 and a twelve month high of $59.68. The company has a quick ratio of 1.95, a current ratio of 2.50 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.24 billion, a PE ratio of 21.67 and a beta of 0.57. The business’s 50-day simple moving average is $45.56 and its 200 day simple moving average is $49.55.

CTS (NYSE:CTS) last announced its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.53 EPS 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%. On average, research analysts anticipate that CTS Co. will post 2.28 earnings per share for the current year.

CTS Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be paid 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 yield of 0.39%. CTS’s dividend payout ratio is currently 8.42%.

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.