CTS Corp president and CEO sells more than $2 million in company stock By Investing.com

Huamao Company (NYSE: ) President and Chief Executive Officer Kieran M. O'Sullivan recently sold a large amount of company stock, according to the latest SEC filings. In a series of transactions between April 29 and May 1, O'Sullivan sold a total of $2,064,438 worth of common stock. The shares sold at prices ranging from $47.00 to $47.1109.

Documents show that on April 29, O'Sullivan sold 6,179 shares at a price of $47 per share. The next day, April 30, he sold 9,771 shares at a weighted average price of $47.0163. The transaction included shares sold at prices between $47.00 and $47.0650. On May 1, the CEO sold 27,905 shares at a weighted average price of $47.1109, with individual sale prices ranging from $47.00 to $47.80.

Following these transactions, U.S. Securities and Exchange Commission (SEC) filings showed that O'Sullivan still owns 455,643 shares of CTS Corp common stock. It is also worth noting that these sales were made under O’Sullivan’s 10b5-1 plan adopted on May 23, 2023. can help them avoid insider trading charges.

Investors often monitor insider trading because it can provide insight into how senior executives feel about a company's future performance. However, it's worth noting that there can be a number of reasons why insiders sell shares, and such transactions don't always indicate a lack of confidence in the company.

Details of the transaction, including the number of shares sold and the price, were disclosed in accordance with SEC regulations. CTS Corp, headquartered in Lisle, Illinois, is a manufacturing company specializing in printed circuit boards and other electronic components.

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Investment Professional Insights

With CTS Corp (NYSE: CTS ) making headlines due to its CEO's recent stock trades, investors are paying close attention to the company's financial health and market performance. According to InvestingPro, management's aggressive stock repurchase strategy demonstrates confidence in the company's valuation and future prospects. CTS Corp has a market capitalization of approximately $1.46 billion and a P/E ratio of 24.66, trading at a premium relative to its recent earnings growth, which is reflected in a higher PEG ratio of 6.15.

CTS Corp has maintained its dividend payments for an impressive 54 consecutive years, which is an encouraging sign for shareholders and demonstrates a commitment to returning value to investors. Additionally, the company's financials appear to be solid, with more cash than debt on its balance sheet and more liquid assets than short-term debt. This financial stability is further underlined by the company's trailing twelve month profitability (operating margin of 14.9%).

Although the company's revenue fell 6.21% over the past 12 months, InvestingPro Tips indicates that analysts predict the company will remain profitable this year. Additionally, CTS Corp shares are trading near their 52-week high, trading at 98.87% of their peak, indicating strong investor confidence.

For investors looking for more in-depth analysis, CTS Corp also provides 7 additional InvestingPro Tips, which can be obtained by visiting https://www.investing.com/pro/CTS.Use coupon code PRONEWS24 Annual or bi-annual Pro and Pro+ subscriptions receive an additional 10% discount, providing valuable insights for making informed investment decisions.

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