California State Teachers Retirement System Sells 470 Shares of CTS Co. (NYSE:CTS)

California State Teachers Retirement System reduced its position in shares of CTS Co. (NYSE:CTS) by 1.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,070 shares of the electronics maker’s stock after selling 470 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of CTS worth $1,427,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its position in CTS by 1.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 26,646 shares of the electronics maker’s stock valued at $1,405,000 after purchasing an additional 328 shares during the last quarter. Bank of Montreal Can raised its position in CTS by 7.0% during the 4th quarter. Bank of Montreal Can now owns 6,995 shares of the electronics maker’s stock valued at $369,000 after purchasing an additional 458 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of CTS by 7.0% during the fourth quarter. Handelsbanken Fonder AB now owns 7,685 shares of the electronics maker’s stock valued at $405,000 after acquiring an additional 500 shares in the last quarter. Quarry LP raised its holdings in shares of CTS by 572.4% during the fourth quarter. Quarry LP now owns 659 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 561 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of CTS by 58.2% during the fourth quarter. KBC Group NV now owns 1,713 shares of the electronics maker’s stock valued at $90,000 after acquiring an additional 630 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

CTS Price Performance

Shares of NYSE:CTS opened at $41.87 on Monday. 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 business has a fifty day moving average price of $39.53 and a 200-day moving average price of $45.90. The company has a market capitalization of $1.25 billion, a PE ratio of 22.04 and a beta of 0.80.

CTS (NYSE:CTS) last released its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $0.44 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.05). The business had revenue of $125.77 million during the quarter, compared to the consensus estimate of $128.72 million. CTS had a return on equity of 12.67% and a net margin of 11.27%. As a group, equities analysts expect that CTS Co. will post 2.28 EPS for the current fiscal year.

CTS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, June 27th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.38%. The ex-dividend date is Friday, June 27th. CTS’s payout ratio is currently 8.08%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of CTS from a “buy” rating to a “hold” rating in a research note on Friday, May 30th.

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.