Man Group plc Acquires New Position in CTS Corporation $CTS

Key Points

• Man Group plc acquired 68,571 CTS shares worth approximately $4.47 million during the second quarter, joining several other large institutions that initiated positions. Institutional investors now own 96.87% of CTS.
• CTS reported quarterly earnings of $0.74 per share, beating estimates of $0.61, while revenue of $144.78 million also exceeded forecasts. The company’s fiscal 2026 EPS guidance is $2.55–$2.70.
• CTS shares opened at $56.53, and analysts have generally shifted toward a “Hold” consensus. The company also declared a quarterly dividend of $0.04 per share, equal to a 0.3% annualized yield.

Man Group plc acquired a new stake in shares of CTS Corporation (NYSE:CTS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 68,571 shares of the electronics maker's stock, valued at approximately $4,470,000. Man Group plc owned approximately 0.24% of CTS as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of CTS in the 2nd quarter worth approximately $293,472,000. Bank of New York Mellon Corp acquired a new stake in shares of CTS during the 2nd quarter valued at approximately $14,716,000. Jupiter Topco LLC bought a new position in CTS during the second quarter worth $11,762,000. Heartland Advisors Inc. bought a new position in CTS during the second quarter worth $7,034,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in CTS in the second quarter worth $4,931,000. Institutional investors own 96.87% of the company's stock.

CTS Trading Down 0.1%

NYSE:CTS opened at $56.53 on Monday. 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 P/E ratio of 23.75, a P/E/G ratio of 1.30 and a beta of 1.05. 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 business has a 50 day simple moving average of $61.80 and a 200 day simple moving average of $58.04.

CTS (NYSE:CTS - Get Free Report) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share for the quarter, topping the consensus estimate 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 period last year, the company earned $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. Equities research analysts predict that CTS Corporation will post 2.72 EPS for the current year.

CTS Dividend Announcement

The company also recently disclosed 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 dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 25th. CTS's dividend payout ratio (DPR) is 6.72%.

Analysts Set New Price Targets

Several analysts have weighed in on CTS shares. Weiss Ratings lowered shares of CTS from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Wall Street Zen lowered shares of CTS from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Zacks Research downgraded shares of CTS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, CTS currently has an average rating of "Hold".

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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