CTS (NYSE:CTS) Research Coverage Started at Barrington Research

Barrington Research initiated coverage on shares of CTS (NYSE:CTS) in a report released on Thursday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $80.00 target price on the electronics maker’s stock.

CTS has been the topic of a number of other reports. Weiss Ratings lowered shares of CTS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Wall Street Zen lowered CTS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research cut CTS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Lake Street Capital began coverage on CTS in a research note on Wednesday, September 2nd. They set a “buy” rating and a $67.00 price target on the stock. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.50.

CTS Stock Performance

Shares of CTS stock opened at $57.72 on Thursday. The company has a 50 day moving average price of $60.20 and a 200 day moving average price of $58.08. The firm has a market capitalization of $1.65 billion, a P/E ratio of 24.25, a PEG ratio of 1.33 and a beta of 1.03. 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 has a 52 week low of $36.03 and a 52 week high of $69.55.

CTS (NYSE:CTS) last released its 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 previous year, the firm earned $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. Sell-side analysts expect that CTS will post 2.66 EPS for the current year.

CTS Dividend Announcement

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

Institutional Trading of CTS

Several large investors have recently made changes to their positions in CTS. BlackRock Inc. acquired a new stake in shares of CTS in the second quarter worth $293,472,000. California State Teachers Retirement System raised its holdings in shares of CTS by 7,474.1% during the second quarter. California State Teachers Retirement System now owns 2,001,072 shares of the electronics maker’s stock worth $130,450,000 after purchasing an additional 1,974,652 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in CTS during the second quarter valued at $14,716,000. Jupiter Topco LLC acquired a new position in CTS during the second quarter valued at $11,762,000. Finally, Bank of America Corp DE acquired a new position in CTS during the second quarter valued at $9,746,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

CTS News Summary

Here are the key news stories impacting CTS this week:

• Positive Sentiment: Sidoti raised its CTS earnings estimates for the first and second quarters of 2027 to $0.64 and $0.74 per share, respectively, from $0.56 and $0.68. The firm also increased its third-quarter 2027 estimate to $0.76 from $0.69, indicating expectations for improved earnings momentum next year.
• Positive Sentiment: Barrington Research initiated coverage of CTS, potentially broadening analyst attention and investor interest in the electronics maker. CTS Coverage Initiated at Barrington Research
• Neutral Sentiment: Sidoti’s current forecasts call for $2.68 per share in fiscal 2026 earnings and $2.96 in fiscal 2027, compared with the broader current-year consensus of $2.72. The estimates imply earnings growth next year, but remain subject to revisions.
• Negative Sentiment: Sidoti cut its fiscal 2026 EPS estimate to $2.68 from $2.72 and reduced its third- and fourth-quarter 2026 forecasts to $0.67 and $0.65 per share. These downward revisions could weigh on sentiment about near-term results.
• Negative Sentiment: Sidoti also lowered its fourth-quarter 2027 estimate to $0.83 from $1.05 and trimmed its full-year 2027 forecast to $2.96 from $2.98. The sharp quarterly reduction signals some uncertainty around the pace and durability of future earnings growth.

CTS Company Profile

CTS Corporation (NYSE: CTS) designs and manufactures sensors, actuators, electronic components and assemblies used in a range of industrial and commercial applications. Its products include pressure, temperature and position sensors; piezoelectric and other actuators; switches; electronic controls; frequency-control products; and custom-engineered assemblies.

The company serves customers in the transportation, aerospace and defense, industrial, medical and communications markets. CTS products are used in applications such as vehicle systems, industrial automation, medical equipment, aerospace systems and other products that require sensing, control, switching or electronic connectivity.

CTS traces its history to 1896, when it was established as Chicago Telephone Supply.