Creative Planning Boosts Holdings in CTS Co. (NYSE:CTS)

Creative Planning raised its position in CTS Co. (NYSE:CTS) by 14.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,040 shares of the electronics maker’s stock after acquiring an additional 1,870 shares during the quarter. Creative Planning’s holdings in CTS were worth $728,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new position in CTS in the 2nd quarter valued at $27,000. GAMMA Investing LLC raised its stake in CTS by 132.5% in the 3rd quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 334 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of CTS during the 2nd quarter valued at about $41,000. Central Pacific Bank Trust Division acquired a new position in shares of CTS during the 1st quarter valued at about $46,000. Finally, Hantz Financial Services Inc. acquired a new stake in CTS during the 2nd quarter worth approximately $157,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com upgraded CTS from a “hold” rating to a “buy” rating in a report on Thursday, October 10th. Scotiabank lowered CTS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th.

CTS Trading Up 3.4 %

NYSE:CTS opened at $51.17 on Monday. The company has a quick ratio of 2.85, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. CTS Co. has a 1-year low of $37.60 and a 1-year high of $55.47. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 26.38 and a beta of 0.58. The stock has a fifty day simple moving average of $47.88 and a 200 day simple moving average of $49.26.

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

CTS Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, September 27th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Friday, September 27th. CTS’s payout ratio is 8.25%.

CTS Profile

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.