107,905 Shares in CTS Corporation $CTS Acquired by Heartland Advisors Inc.

Heartland Advisors Inc. bought a new stake in shares of CTS Corporation (NYSE:CTS) in the second quarter, Holdings Channel.com reports. The institutional investor bought 107,905 shares of the electronics maker’s stock, valued at approximately $7,034,000.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in CTS in the second quarter worth $293,472,000. Bank of New York Mellon Corp purchased a new stake in shares of CTS during the 2nd quarter valued at $14,716,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of CTS during the 2nd quarter valued at $4,931,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of CTS by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock worth $2,921,000 after purchasing an additional 7,144 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of CTS by 19.0% in the 1st quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker’s stock worth $2,480,000 after purchasing an additional 9,530 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

CTS Trading Down 0.3%

Shares of NYSE:CTS opened at $57.63 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.61 and a debt-to-equity ratio of 0.10. CTS Corporation has a 52-week low of $36.03 and a 52-week high of $69.55. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 1.33 and a beta of 1.05. The business has a 50-day moving average price of $62.73 and a 200-day moving average price of $57.93.

CTS (NYSE:CTS) last issued its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.13. CTS had a net margin of 12.37% and a return on equity of 13.48%. The company had revenue of $144.78 million for the quarter, compared to the consensus estimate of $143.43 million. During the same quarter in the prior year, the company earned $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. Equities analysts predict that CTS Corporation will post 2.72 EPS for the current year.

CTS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, September 25th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 25th. CTS’s dividend payout ratio (DPR) is 6.72%.

Analyst Ratings Changes

A number of research firms have commented on CTS. Zacks Research cut CTS from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen lowered CTS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of CTS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

CTS Profile

CTS Corporation (NYSE:CTS) is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company’s core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.