Nuveen LLC Makes New $3.66 Million Investment in CTS Corporation $CTS

Key Points

• Nuveen LLC has invested approximately $3.66 million in CTS Corporation, acquiring nearly 88,000 shares during the first quarter.
• CTS Corporation reported earnings per share of $0.57 for the last quarter, exceeding analyst estimates and projecting a guidance of $2.200-$2.350 EPS for FY 2025.
• A recent upgrade by Wall Street Zen raised CTS's rating from "hold" to "buy," while the current consensus rating remains a "hold."

Nuveen LLC acquired a new position in shares of CTS Corporation (NYSE:CTS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 87,977 shares of the electronics maker's stock, valued at approximately $3,655,000. Nuveen LLC owned about 0.29% of CTS as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CTS. Barclays PLC grew its holdings in shares of CTS by 3.0% during the fourth quarter. Barclays PLC now owns 58,941 shares of the electronics maker's stock worth $3,108,000 after buying an additional 1,703 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of CTS by 7.9% during the fourth quarter. MetLife Investment Management LLC now owns 18,378 shares of the electronics maker's stock worth $969,000 after buying an additional 1,339 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in shares of CTS by 5.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 15,746 shares of the electronics maker's stock worth $830,000 after buying an additional 747 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of CTS by 4.4% during the fourth quarter. Stifel Financial Corp now owns 18,185 shares of the electronics maker's stock worth $959,000 after buying an additional 773 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of CTS by 7.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,892 shares of the electronics maker's stock worth $1,419,000 after buying an additional 1,902 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

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

CTS Price Performance

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

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

CTS Dividend Announcement

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

About CTS

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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