CTS Corporation $CTS Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management cut its CTS stake by 71% in the second quarter, selling 252,059 shares and retaining 102,755 shares valued at approximately $6.7 million. Institutional investors collectively own 96.87% of CTS.
• CTS reported quarterly EPS of $0.74, beating estimates of $0.61, while revenue of $144.78 million also exceeded expectations. The company issued fiscal 2026 EPS guidance of $2.55–$2.70.
• CTS declared a quarterly dividend of $0.04 per share, equivalent to a 0.3% annual yield. Analysts have a consensus “Hold” rating and a $67 price target, compared with the stock’s reported price of $56.82.

Wellington Management Group LLP decreased its holdings in CTS Corporation (NYSE:CTS - Free Report) by 71.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 102,755 shares of the electronics maker's stock after selling 252,059 shares during the quarter. Wellington Management Group LLP owned 0.36% of CTS worth $6,699,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new stake in CTS during the 2nd quarter worth approximately $33,000. Public Employees Retirement System of Ohio acquired a new position in shares of CTS in the second quarter worth $34,000. Parallel Advisors LLC increased its position in shares of 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 acquiring an additional 1,058 shares during the period. GAMMA Investing LLC increased its position in shares of 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 acquiring an additional 239 shares during the period. Finally, Trust Co. of Vermont acquired a new stake in shares of CTS in the second quarter valued at $98,000. Institutional investors and hedge funds own 96.87% of the company's stock.

CTS Stock Down 0.6%

CTS stock opened at $56.82 on Wednesday. The stock has a market cap of $1.62 billion, a PE ratio of 23.88, a P/E/G ratio of 1.31 and a beta of 1.03. 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 stock's fifty day moving average is $60.50 and its two-hundred day moving average is $58.05. CTS Corporation has a 1-year low of $36.03 and a 1-year high of $69.55.

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. CTS had a return on equity of 13.48% and a net margin of 12.37%.The business had revenue of $144.78 million during the quarter, compared to analysts' expectations of $143.43 million. During the same period in the prior year, the firm posted $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. On average, sell-side analysts expect that CTS Corporation will post 2.72 EPS for the current fiscal year.

CTS Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen cut CTS from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Lake Street Capital began coverage on CTS in a research report on Wednesday, September 2nd. They issued a "buy" rating and a $67.00 price target on the stock. Zacks Research cut CTS from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Finally, Weiss Ratings downgraded CTS from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, CTS presently has a consensus rating of "Hold" and a consensus price target of $67.00.

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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