Legal & General Group Plc Invests $4.12 Million in CTS Corporation $CTS

Key Points

• Legal & General Group acquired 63,164 CTS shares worth approximately $4.12 million during the second quarter, giving it a 0.22% stake. Institutional investors collectively own 96.87% of CTS.
• CTS exceeded quarterly expectations, reporting $0.74 EPS versus the $0.61 consensus and revenue of $144.78 million. The company set fiscal 2026 EPS guidance at $2.55–$2.70.
• Analyst sentiment is mixed, with CTS carrying a consensus “Hold” rating and a $67 target price. The company also declared a quarterly dividend of $0.04 per share, equivalent to a 0.3% annual yield.

Legal & General Group Plc bought a new stake in CTS Corporation (NYSE:CTS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 63,164 shares of the electronics maker's stock, valued at approximately $4,118,000. Legal & General Group Plc owned 0.22% of CTS at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Handelsbanken Fonder AB boosted its stake in shares of CTS by 1.9% in the second quarter. Handelsbanken Fonder AB now owns 10,985 shares of the electronics maker's stock valued at $716,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC raised its holdings 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 valued at $68,000 after buying an additional 239 shares during the last quarter. Global Retirement Partners LLC bought a new position in CTS in the 2nd quarter valued at about $33,000. Horizon Investments LLC increased its position in shares of CTS by 4.7% during the 4th quarter. Horizon Investments LLC now owns 14,084 shares of the electronics maker's stock valued at $604,000 after purchasing an additional 631 shares during the period. Finally, Royal Bank of Canada lifted its stake in CTS by 11.2% during the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker's stock valued at $292,000 after purchasing an additional 710 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

CTS Price Performance

CTS opened at $57.11 on Friday. The company's 50 day simple moving average is $60.82 and its 200-day simple moving average is $58.02. The stock has a market capitalization of $1.63 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 1.30 and a beta of 1.03. CTS Corporation has a one year low of $36.03 and a one year high of $69.55. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.61 and a quick ratio of 2.07.

CTS (NYSE:CTS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $143.43 million. During the same quarter last year, the business earned $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. Sell-side analysts anticipate that CTS Corporation will post 2.72 earnings per share for the current fiscal year.

CTS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, September 25th will be paid a dividend of $0.04 per share. 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 presently 6.72%.

Analyst Upgrades and Downgrades

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

CTS 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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