CTS Co. to Issue Quarterly Dividend of $0.04 (NYSE:CTS)

CTS Co. (NYSE:CTS) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Friday, March 28th will be paid a dividend of 0.04 per share by the electronics maker on Friday, April 25th. This represents a $0.16 dividend on an annualized basis and a yield of 0.34%.

CTS has a payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings.

CTS Trading Down 1.0 %

CTS opened at $47.48 on Friday. The company’s 50 day moving average price is $52.81 and its two-hundred day moving average price is $50.56. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 24.48 and a beta of 0.59. CTS has a fifty-two week low of $42.20 and a fifty-two week high of $59.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.91.

CTS (NYSE:CTS) last issued its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.06). CTS had a return on equity of 12.39% and a net margin of 11.66%. As a group, research analysts predict that CTS will post 2.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CTS. Scotiabank downgraded CTS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. StockNews.com upgraded shares of CTS from a “hold” rating to a “buy” rating in a report on Saturday, February 1st.

Insider Buying and Selling at CTS

In other news, CEO Kieran M. O’sullivan sold 31,978 shares of CTS stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.81, for a total value of $1,784,692.18. Following the completion of the sale, the chief executive officer now owns 423,665 shares in the company, valued at $23,644,743.65. The trade was a 7.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have sold 59,956 shares of company stock valued at $3,331,185. 2.30% of the stock is currently owned by company insiders.

CTS Company 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.