BlackRock Inc. Buys Shares of 4,501,796 CTS Corporation $CTS

BlackRock Inc. acquired a new stake in shares of CTS Corporation (NYSE:CTS) during the second quarter, Holdings Channel.com reports. The fund acquired 4,501,796 shares of the electronics maker’s stock, valued at approximately $293,472,000. BlackRock Inc. owned 0.16% of CTS as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CTS. Handelsbanken Fonder AB lifted its position in CTS by 1.9% in the 2nd quarter. Handelsbanken Fonder AB now owns 10,985 shares of the electronics maker’s stock worth $716,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of CTS by 29.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,046 shares of the electronics maker’s stock valued at $68,000 after acquiring an additional 239 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of CTS in the second quarter worth $33,000. Horizon Investments LLC increased its stake in shares of CTS by 4.7% in the fourth quarter. Horizon Investments LLC now owns 14,084 shares of the electronics maker’s stock worth $604,000 after acquiring an additional 631 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of CTS by 11.2% during the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after acquiring an additional 710 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on CTS shares. Zacks Research cut CTS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen downgraded CTS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings cut CTS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

CTS Trading Up 0.4%

NYSE:CTS opened at $56.93 on Thursday. CTS Corporation has a 12 month low of $36.03 and a 12 month high of $69.55. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 1.30 and a beta of 1.05. The company has a quick ratio of 2.07, a current ratio of 2.61 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $62.20 and its 200-day moving average is $58.02.

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

CTS Announces Dividend

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 paid a dividend of $0.04 per share. The ex-dividend date is Friday, September 25th. This represents a $0.16 annualized dividend and a yield of 0.3%. CTS’s dividend payout ratio is presently 6.72%.

CTS Company 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.