Public Sector Pension Investment Board Purchases 20,468 Shares of CTS Corporation $CTS

Public Sector Pension Investment Board boosted its position in shares of CTS Corporation (NYSE:CTS - Free Report) by 27.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,549 shares of the electronics maker's stock after buying an additional 20,468 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of CTS worth $3,970,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of CTS during the fourth quarter worth $15,852,000. Nuveen LLC purchased a new stake in CTS during the first quarter valued at about $3,655,000. T. Rowe Price Investment Management Inc. lifted its stake in CTS by 3.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,218,002 shares of the electronics maker's stock valued at $116,956,000 after buying an additional 73,435 shares in the last quarter. GAMMA Investing LLC lifted its stake in CTS by 7,434.6% during the first quarter. GAMMA Investing LLC now owns 52,893 shares of the electronics maker's stock valued at $2,198,000 after buying an additional 52,191 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in CTS by 10.4% during the fourth quarter. Northern Trust Corp now owns 338,930 shares of the electronics maker's stock valued at $17,872,000 after buying an additional 31,803 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of CTS from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, CTS has an average rating of "Hold".

CTS Stock Down 0.3%

Shares of NYSE CTS traded down $0.1070 during mid-day trading on Wednesday, reaching $41.5030. The company had a trading volume of 194,157 shares, compared to its average volume of 183,947. The stock has a fifty day moving average of $41.58 and a two-hundred day moving average of $41.71. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.04 and a current ratio of 2.61. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.15 and a beta of 0.82. CTS Corporation has a 12-month low of $34.02 and a 12-month high of $59.68.

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

CTS Dividend Announcement

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