Nationwide Fund Advisors reduced its position in CTS Corporation (NYSE:CTS) by 0.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 24,138 shares of the electronics maker’s stock after selling 2 shares during the period. Nationwide Fund Advisors owned 0.07% of CTS Corporation worth $521,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of CTS Corporation by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 1,724,049 shares of the electronics maker’s stock valued at $36,723,000 after purchasing an additional 59,636 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of CTS Corporation by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 249,016 shares of the electronics maker’s stock valued at $5,304,000 after purchasing an additional 8,768 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CTS Corporation by 4.1% in the 1st quarter. Geode Capital Management LLC now owns 233,581 shares of the electronics maker’s stock valued at $4,975,000 after purchasing an additional 9,203 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of CTS Corporation by 5.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 142,397 shares of the electronics maker’s stock valued at $3,034,000 after purchasing an additional 7,317 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of CTS Corporation by 6.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 117,005 shares of the electronics maker’s stock valued at $2,527,000 after purchasing an additional 7,184 shares during the last quarter. 93.38% of the stock is owned by institutional investors and hedge funds.

Shares of CTS Corporation (CTS) opened at $26.65 on Friday. The company has a quick ratio of 1.93, a current ratio of 2.28 and a debt-to-equity ratio of 0.24. The firm has a market cap of $894.24 million, a price-to-earnings ratio of 23.82 and a beta of 1.13.

CTS Corporation (NYSE:CTS) last posted its quarterly earnings results on Thursday, October 26th. The electronics maker reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $106.20 million during the quarter, compared to analyst estimates of $105.56 million. CTS Corporation had a return on equity of 11.47% and a net margin of 8.79%. CTS Corporation’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. analysts anticipate that CTS Corporation will post 1.13 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 3rd. Stockholders of record on Friday, September 29th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Thursday, September 28th. CTS Corporation’s dividend payout ratio is presently 14.68%.

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Separately, BidaskClub downgraded CTS Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. CTS Corporation has an average rating of “Hold” and an average price target of $24.50.

CTS Corporation Profile

CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets.

Institutional Ownership by Quarter for CTS Corporation (NYSE:CTS)

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