36,413 Shares in CTS Corporation $CTS Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 36,413 CTS shares worth approximately $2.37 million during the second quarter, giving it about 0.13% ownership. Institutional investors and hedge funds collectively own 96.87% of CTS.
• CTS exceeded quarterly expectations, reporting earnings of $0.74 per share versus the $0.61 consensus estimate and revenue of $144.78 million. The company provided fiscal 2026 EPS guidance of $2.55 to $2.70.
• Analyst sentiment has weakened, with several firms downgrading CTS and the consensus rating now at “Hold.” CTS also declared a quarterly dividend of $0.04 per share, equivalent to a 0.3% annual yield.

Deutsche Bank AG bought a new stake in CTS Corporation (NYSE:CTS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 36,413 shares of the electronics maker's stock, valued at approximately $2,374,000. Deutsche Bank AG owned about 0.13% of CTS at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Handelsbanken Fonder AB lifted its holdings in shares of 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 acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC lifted its stake in CTS by 29.6% during the second quarter. GAMMA Investing LLC now owns 1,046 shares of the electronics maker's stock worth $68,000 after purchasing an additional 239 shares in the last quarter. Global Retirement Partners LLC acquired a new position in CTS during the second quarter worth $33,000. Horizon Investments LLC boosted its position in shares of CTS by 4.7% during the fourth quarter. Horizon Investments LLC now owns 14,084 shares of the electronics maker's stock worth $604,000 after buying an additional 631 shares during the period. Finally, Royal Bank of Canada boosted its position 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 buying an additional 710 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

CTS Trading Up 1.3%

Shares of NYSE:CTS opened at $57.75 on Friday. CTS Corporation has a 52 week low of $36.03 and a 52 week high of $69.55. The company's 50 day moving average is $62.01 and its two-hundred day moving average is $58.04. The company has a current ratio of 2.61, a quick ratio of 2.07 and a debt-to-equity ratio of 0.10. The company has a market cap of $1.65 billion, a PE ratio of 24.27, a P/E/G ratio of 1.31 and a beta of 1.05.

CTS (NYSE:CTS - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.13. The business had revenue of $144.78 million during the quarter, compared to analysts' expectations of $143.43 million. CTS had a net margin of 12.37% and a return on equity of 13.48%. During the same period in the previous 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 earnings per share for the current fiscal year.

CTS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, September 25th will be given 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 is currently 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.

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