Illumine Investment Management LLC Makes New Investment in CTS Co. (NYSE:CTS)

Illumine Investment Management LLC bought a new position in shares of CTS Co. (NYSE:CTS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,648 shares of the electronics maker’s stock, valued at approximately $614,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CTS. KBC Group NV boosted its position in CTS by 58.2% during the 4th 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 period. Quest Partners LLC bought a new position in shares of CTS during the third quarter worth about $92,000. Atria Wealth Solutions Inc. acquired a new position in shares of CTS in the fourth quarter worth approximately $214,000. Raymond James Trust N.A. boosted its holdings in CTS by 13.6% in the third quarter. Raymond James Trust N.A. now owns 5,587 shares of the electronics maker’s stock valued at $270,000 after acquiring an additional 669 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of CTS by 53.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,807 shares of the electronics maker’s stock worth $281,000 after purchasing an additional 2,011 shares during the period. Institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of CTS from a “buy” rating to a “hold” rating in a research report on Sunday, February 9th.

CTS Stock Performance

Shares of CTS stock opened at $44.29 on Friday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 23.31 and a beta of 0.59. CTS Co. has a one year low of $42.63 and a one year high of $59.68. The business has a 50-day simple moving average of $49.83 and a 200 day simple moving average of $50.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 1.95.

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%. On average, research analysts anticipate that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Friday, March 28th. CTS’s dividend payout ratio is currently 8.42%.

Insider Buying and Selling

In related news, CEO Kieran M. O’sullivan sold 6,690 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $55.83, for a total transaction of $373,502.70. Following the sale, the chief executive officer now owns 375,643 shares of the company’s stock, valued at approximately $20,972,148.69. This represents a 1.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 59,956 shares of company stock valued at $3,331,185. 2.00% of the stock is owned by insiders.

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.