CTS Co. (NYSE:CTS) CEO Kieran M. O’sullivan Sells 12,794 Shares

CTS Co. (NYSE:CTS) CEO Kieran M. O’sullivan sold 12,794 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $55.50, for a total value of $710,067.00. Following the completion of the sale, the chief executive officer now directly owns 400,456 shares in the company, valued at $22,225,308. This trade represents a 3.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CTS Price Performance

CTS stock traded up $0.49 during trading on Friday, hitting $54.81. The stock had a trading volume of 89,047 shares, compared to its average volume of 149,127. CTS Co. has a 1-year low of $39.43 and a 1-year high of $59.68. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 28.00 and a beta of 0.60. The company’s 50 day moving average price is $51.56 and its two-hundred day moving average price is $50.35. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.91 and a current ratio of 2.46.

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

CTS Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of CTS from a “buy” rating to a “hold” rating in a research note 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.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CTS. Wasatch Advisors LP boosted its holdings in shares of CTS by 23.1% in the 3rd quarter. Wasatch Advisors LP now owns 1,993,863 shares of the electronics maker’s stock valued at $96,463,000 after purchasing an additional 374,104 shares during the last quarter. Earnest Partners LLC boosted its holdings in CTS by 3.0% in the second quarter. Earnest Partners LLC now owns 1,735,534 shares of the electronics maker’s stock valued at $87,870,000 after acquiring an additional 50,632 shares during the last quarter. Geode Capital Management LLC grew its position in CTS by 4.3% during the third quarter. Geode Capital Management LLC now owns 806,180 shares of the electronics maker’s stock valued at $39,010,000 after acquiring an additional 33,449 shares during the period. Charles Schwab Investment Management Inc. increased its stake in CTS by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 385,602 shares of the electronics maker’s stock worth $18,655,000 after acquiring an additional 9,674 shares during the last quarter. Finally, Tributary Capital Management LLC raised its holdings in shares of CTS by 0.3% in the 2nd quarter. Tributary Capital Management LLC now owns 308,078 shares of the electronics maker’s stock worth $15,598,000 after purchasing an additional 902 shares during the period. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

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.