CTS has been the subject of several other research reports. TheStreet raised shares of CTS from a c rating to a b- rating in a research report on Monday, March 7th. Zacks Investment Research raised shares of CTS from a hold rating to a buy rating and set a $40.00 price target for the company in a research report on Friday, March 4th. Finally, Sidoti raised shares of CTS from a neutral rating to a buy rating and set a $40.00 price target for the company in a research report on Monday, January 31st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $31.75.
NYSE:CTS opened at $34.67 on Monday. The company has a market cap of $1.11 billion, a PE ratio of -26.88 and a beta of 0.71. The company has a current ratio of 2.53, a quick ratio of 2.10 and a debt-to-equity ratio of 0.11. The company has a 50 day simple moving average of $35.12 and a two-hundred day simple moving average of $34.92. CTS has a 12 month low of $28.72 and a 12 month high of $39.49.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 22nd. Stockholders of record on Friday, March 18th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Thursday, March 17th. CTS’s payout ratio is currently -12.40%.
Large investors have recently made changes to their positions in the stock. UMB Bank N A MO bought a new position in shares of CTS during the 4th quarter valued at approximately $33,000. Trust Co. of Vermont bought a new position in shares of CTS during the 4th quarter valued at approximately $55,000. Point72 Hong Kong Ltd grew its stake in shares of CTS by 1,132.3% during the 3rd quarter. Point72 Hong Kong Ltd now owns 2,440 shares of the electronics maker’s stock valued at $75,000 after acquiring an additional 2,242 shares during the period. Heritage Wealth Management LLC grew its stake in shares of CTS by 28.3% during the 3rd quarter. Heritage Wealth Management LLC now owns 2,745 shares of the electronics maker’s stock valued at $85,000 after acquiring an additional 605 shares during the period. Finally, Captrust Financial Advisors grew its stake in shares of CTS by 9.9% during the 3rd quarter. Captrust Financial Advisors now owns 3,145 shares of the electronics maker’s stock valued at $97,000 after acquiring an additional 284 shares during the period. Institutional investors own 90.03% of the company’s stock.
CTS Company Profile (Get Rating)
CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides sensors and actuators for use in passenger or commercial vehicles; connectivity components for telecommunications infrastructure, information technology, and other high-speed applications; switches, temperature sensors, and potentiometers supplied to multiple markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets.
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