CTS Co. (NYSE:CTS - Get Free Report) CEO Kieran M. O'sullivan sold 6,690 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $55.83, for a total value of $373,502.70. Following the sale, the chief executive officer now owns 375,643 shares in the company, valued at approximately $20,972,148.69. This represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
CTS Stock Up 1.2 %
Shares of NYSE:CTS opened at $56.28 on Wednesday. The firm has a market capitalization of $1.70 billion, a PE ratio of 29.01 and a beta of 0.60. 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 Co. has a 52-week low of $39.43 and a 52-week high of $59.68. The firm has a fifty day moving average of $52.01 and a 200 day moving average of $50.36.
CTS (NYSE:CTS - Get Free Report) last posted its quarterly earnings data 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 during the quarter. CTS had a return on equity of 12.39% and a net margin of 11.66%. During the same quarter in the previous year, the company posted $0.54 earnings per share. As a group, research analysts anticipate that CTS Co. will post 2.15 EPS for the current fiscal year.
CTS Dividend Announcement
Nvidia’s Bold Move: Tackling Tech’s $1 Trillion Crisis
From Weiss Ratings | Ad
Taiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as 4,744%.
Now, if you’re like everybody else, you want to know what Nvidia’s doing next … and who they’re going to partner with …
Find out details on these three critical Nvidia partners immediately.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, December 27th will be issued a $0.04 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.28%. CTS's payout ratio is 8.25%.
Hedge Funds Weigh In On CTS
Several institutional investors and hedge funds have recently made changes to their positions in the business. Innealta Capital LLC bought a new stake in CTS in the second quarter worth $27,000. GAMMA Investing LLC increased its holdings in shares of CTS by 132.5% in the third quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker's stock worth $28,000 after buying an additional 334 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of CTS in the 2nd quarter valued at about $41,000. Quest Partners LLC purchased a new stake in shares of CTS during the third quarter valued at approximately $92,000. Finally, Hantz Financial Services Inc. bought a new stake in CTS in the 2nd quarter worth $157,000. Institutional investors own 96.87% of the company's stock.
Wall Street Analyst Weigh In
CTS has been the topic of a number of analyst reports. Scotiabank lowered shares of CTS from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. StockNews.com cut CTS from a "buy" rating to a "hold" rating in a report on Thursday, November 7th.
Get Our Latest Research Report on CTS
CTS Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
