9 hours Ago By ABMN Staff
Invesco Ltd. lowered its position in shares of CTS Co. ( NYSE:CTS – Free Report ) by 1.
9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,832 shares of the electronics maker’s stock after selling 2,449 shares during the quarter. Invesco Ltd.
’s holdings in CTS were worth $6,846,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds and other institutional investors have also recently modified their holdings of CTS. Raymond James Financial Inc.
bought a new stake in CTS during the fourth quarter worth $15,852,000. Norges Bank purchased a new stake in shares of CTS during the 4th quarter valued at $4,439,000. Madison Investment Advisors LLC bought a new stake in shares of CTS during the 4th quarter worth $3,787,000.
JPMorgan Chase & Co. boosted its holdings in shares of CTS by 72.5% in the 4th quarter.
JPMorgan Chase & Co. now owns 135,969 shares of the electronics maker’s stock worth $7,170,000 after buying an additional 57,135 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in CTS by 147.
7% during the fourth quarter. Intech Investment Management LLC now owns 88,021 shares of the electronics maker’s stock valued at $4,641,000 after buying an additional 52,482 shares during the period. Hedge funds and other institutional investors own 96.
87% of the company’s stock. CTS Stock Performance Shares of CTS opened at $40.16 on Friday.
CTS Co. has a 1 year low of $34.02 and a 1 year high of $59.
68. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.
50 and a quick ratio of 1.95. The stock’s fifty day moving average price is $41.
24 and its two-hundred day moving average price is $48.18. The firm has a market cap of $1.
21 billion, a PE ratio of 21.14 and a beta of 0.61.
CTS Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a $0.04 dividend.
The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.
40%. CTS’s dividend payout ratio is 8.42%.
Analysts Set New Price Targets Separately, StockNews.com upgraded shares of CTS from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. Read Our Latest Stock Analysis on CTS CTS Profile ( 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. Featured Articles Want to see what other hedge funds are holding CTS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for CTS Co. ( NYSE:CTS – Free Report ). Receive News & Ratings for CTS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTS and related companies with MarketBeat.
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