Thrivent Financial for Lutherans Has $1.15 Million Stock Position in CTS Co. (NYSE:CTS)

Thrivent Financial for Lutherans cut its holdings in shares of CTS Co. (NYSE:CTS) by 6.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,846 shares of the electronics maker’s stock after selling 1,532 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of CTS worth $1,154,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of CTS during the second quarter worth approximately $27,000. GAMMA Investing LLC grew its holdings in shares of CTS by 132.5% during the 3rd quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 334 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of CTS in the second quarter worth $41,000. Hantz Financial Services Inc. purchased a new stake in shares of CTS during the second quarter worth $157,000. Finally, Summit Trail Advisors LLC acquired a new stake in CTS during the second quarter valued at $214,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CTS shares. StockNews.com lowered 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.

CTS Trading Up 1.1 %

CTS stock opened at $54.91 on Monday. CTS Co. has a one year low of $38.49 and a one year high of $59.68. The company’s fifty day moving average price is $50.95 and its two-hundred day moving average price is $50.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.91. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 28.30 and a beta of 0.58.

CTS (NYSE:CTS) last issued its quarterly earnings data on Tuesday, October 29th. The electronics maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. CTS had a return on equity of 12.39% and a net margin of 11.66%. The business had revenue of $132.42 million for the quarter. During the same period in the prior year, the company posted $0.54 EPS. On average, analysts forecast that CTS Co. will post 2.15 earnings per share for the current fiscal year.

CTS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.29%. CTS’s payout ratio is presently 8.25%.

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.