Invesco Ltd. Sells 7,418 Shares of CTS Corporation $CTS

Key Points

• Invesco Ltd. reduced its holdings in CTS Corporation by 5.7%, selling 7,418 shares and owning approximately 0.41% of the company, valued at $5,086,000.
• Several large investors have adjusted their stakes in CTS, with Atria Wealth Solutions increasing its position by 98.7% during the first quarter.
• CTS Corporation recently reported earnings that exceeded expectations, posting a $0.57 EPS for the quarter, and announced a $0.04 quarterly dividend to be paid on October 24th.

Invesco Ltd. trimmed its holdings in shares of CTS Corporation (NYSE:CTS - Free Report) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,414 shares of the electronics maker's stock after selling 7,418 shares during the quarter. Invesco Ltd. owned approximately 0.41% of CTS worth $5,086,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CTS. Atria Wealth Solutions Inc. increased its stake in shares of CTS by 98.7% in the 1st quarter. Atria Wealth Solutions Inc. now owns 8,053 shares of the electronics maker's stock worth $335,000 after purchasing an additional 4,000 shares in the last quarter. XTX Topco Ltd increased its stake in shares of CTS by 40.4% in the 1st quarter. XTX Topco Ltd now owns 7,858 shares of the electronics maker's stock worth $326,000 after purchasing an additional 2,263 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of CTS in the 1st quarter worth $37,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CTS by 13.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,858 shares of the electronics maker's stock worth $368,000 after purchasing an additional 1,059 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of CTS by 17.3% in the 1st quarter. Pacer Advisors Inc. now owns 2,863 shares of the electronics maker's stock worth $119,000 after purchasing an additional 422 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of CTS from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

CTS Price Performance

Shares of NYSE:CTS opened at $42.58 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 2.04. CTS Corporation has a 1-year low of $34.02 and a 1-year high of $59.68. The company has a market capitalization of $1.26 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.19 and a beta of 0.82. The firm's 50 day simple moving average is $41.64 and its two-hundred day simple moving average is $41.54.

CTS (NYSE:CTS - Get Free Report) last released its earnings results on Thursday, July 24th. The electronics maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. CTS had a net margin of 12.32% and a return on equity of 12.31%. The firm had revenue of $135.30 million for the quarter, compared to the consensus estimate of $132.65 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. CTS has set its FY 2025 guidance at 2.200-2.350 EPS. Research analysts expect that CTS Corporation will post 2.28 EPS for the current fiscal year.

CTS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, September 26th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 26th. CTS's payout ratio is 7.55%.

CTS Company Profile

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.

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