Arizona State Retirement System decreased its stake in shares of CTS Co. (NYSE:CTS) by 7.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,056 shares of the electronics maker’s stock after selling 3,903 shares during the period. Arizona State Retirement System’s holdings in CTS were worth $1,730,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new position in shares of CTS in the 2nd quarter worth approximately $228,000. Aperio Group LLC acquired a new position in shares of CTS in the 2nd quarter worth approximately $247,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of CTS in the 2nd quarter worth approximately $251,000. Piedmont Investment Advisors LLC acquired a new position in shares of CTS in the 2nd quarter worth approximately $277,000. Finally, Barclays PLC grew its stake in shares of CTS by 73.2% in the 1st quarter. Barclays PLC now owns 10,655 shares of the electronics maker’s stock worth $290,000 after purchasing an additional 4,503 shares during the last quarter. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CTS opened at $36.30 on Friday. The company has a market capitalization of $1.20 billion, a PE ratio of 29.51 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.81 and a current ratio of 2.21. CTS Co. has a 12-month low of $22.10 and a 12-month high of $39.20.

CTS (NYSE:CTS) last announced its quarterly earnings data on Thursday, July 26th. The electronics maker reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The company had revenue of $118.02 million for the quarter, compared to analysts’ expectations of $113.51 million. CTS had a net margin of 3.29% and a return on equity of 13.57%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. research analysts forecast that CTS Co. will post 1.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 2nd. Stockholders of record on Friday, September 28th will be paid a $0.04 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.44%. CTS’s dividend payout ratio is currently 13.01%.

In other news, CEO Kieran M. O’sullivan sold 10,000 shares of CTS stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $36.42, for a total value of $364,200.00. Following the transaction, the chief executive officer now owns 400,401 shares of the company’s stock, valued at approximately $14,582,604.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.86% of the company’s stock.

CTS Company Profile

CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace, defense, communications, industrial, information technology, medical, and transportation markets. The company offers sensors and actuators used in passenger or consumer vehicles; electronic components used in communications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and information technology markets.

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Institutional Ownership by Quarter for CTS (NYSE:CTS)

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