B. Metzler seel. Sohn & Co. AG Boosts Stake in CTS Corporation $CTS

Key Points

• B. Metzler seel. Sohn & Co. AG nearly doubled its CTS stake in the second quarter, adding 37,297 shares to own 75,645 shares valued at approximately $4.93 million. Institutional investors collectively hold 96.87% of CTS stock.
• Analyst sentiment is mixed, with one Buy and two Hold ratings; CTS has an average rating of Hold and a $67 price target. Shares opened at $56.47, below their 12-month high of $69.55.
• CTS exceeded quarterly earnings expectations, reporting $0.74 EPS versus the $0.61 consensus and revenue of $144.78 million. The company also declared a quarterly dividend of $0.04 per share, representing a 0.3% yield.

B. Metzler seel. Sohn & Co. AG increased its holdings in shares of CTS Corporation (NYSE:CTS - Free Report) by 97.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,645 shares of the electronics maker's stock after acquiring an additional 37,297 shares during the period. B. Metzler seel. Sohn & Co. AG owned approximately 0.26% of CTS worth $4,931,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CTS. Global Retirement Partners LLC acquired a new position in shares of CTS during the 2nd quarter worth $33,000. Public Employees Retirement System of Ohio purchased a new stake in CTS during the second quarter worth about $34,000. GAMMA Investing LLC grew its position 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 buying an additional 239 shares during the period. Parallel Advisors LLC grew its position in CTS by 308.5% during the first quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker's stock worth $67,000 after buying an additional 1,058 shares during the period. Finally, Trust Co. of Vermont purchased a new position in CTS in the second quarter valued at about $98,000. Hedge funds and other institutional investors own 96.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CTS. Weiss Ratings downgraded shares of CTS from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 25th. Lake Street Capital initiated coverage on CTS in a report on Wednesday. They issued a "buy" rating and a $67.00 price target on the stock. Wall Street Zen downgraded CTS from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Zacks Research cut CTS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, CTS presently has an average rating of "Hold" and an average target price of $67.00.

CTS Stock Down 0.9%

CTS stock opened at $56.47 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.61 and a quick ratio of 2.07. The company's 50 day simple moving average is $60.97 and its 200-day simple moving average is $58.02. CTS Corporation has a 12 month low of $36.03 and a 12 month high of $69.55. The firm has a market capitalization of $1.61 billion, a PE ratio of 23.73, a P/E/G ratio of 1.31 and a beta of 1.03.

CTS (NYSE:CTS - Get Free Report) last posted its earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.13. The firm had revenue of $144.78 million for the quarter, compared to analyst estimates of $143.43 million. CTS had a return on equity of 13.48% and a net margin of 12.37%.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 expect that CTS Corporation will post 2.72 earnings per share for the current fiscal year.

CTS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders 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 is Friday, September 25th. 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.

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