Strs Ohio Purchases Shares of 10,600 CTS Corporation $CTS

Key Points

• Strs Ohio acquired a stake of 10,600 shares in CTS Corporation valued at approximately $440,000 in the 1st quarter.
• CTS Corporation reported earnings of $0.57 per share for the previous quarter, exceeding analyst estimates, and has set its FY 2025 guidance at 2.200-2.350 EPS.
• The company announced a quarterly dividend of $0.04 per share, with an ex-dividend date of September 26, reflecting an annualized yield of 0.4%.

Strs Ohio acquired a new stake in shares of CTS Corporation (NYSE:CTS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,600 shares of the electronics maker's stock, valued at approximately $440,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in 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 buying an additional 422 shares in the last quarter. Aristides Capital LLC lifted its holdings in CTS by 7.8% in the 1st quarter. Aristides Capital LLC now owns 6,255 shares of the electronics maker's stock worth $260,000 after buying an additional 450 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in CTS by 2.6% in the 1st quarter. Russell Investments Group Ltd. now owns 21,199 shares of the electronics maker's stock worth $881,000 after buying an additional 544 shares in the last quarter. GAMMA Investing LLC lifted its holdings in CTS by 81.3% in the 1st quarter. GAMMA Investing LLC now owns 1,273 shares of the electronics maker's stock worth $53,000 after buying an additional 571 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in CTS by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,119 shares of the electronics maker's stock worth $903,000 after buying an additional 651 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

CTS Price Performance

CTS opened at $41.84 on Tuesday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. CTS Corporation has a fifty-two week low of $34.02 and a fifty-two week high of $59.68. The company's 50-day moving average price is $41.32 and its 200 day moving average price is $41.10. The company has a quick ratio of 2.04, a current ratio of 2.61 and a debt-to-equity ratio of 0.16.

CTS (NYSE:CTS - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The electronics maker reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $135.30 million for 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 quarter in the prior year, the business earned $0.54 earnings per share. CTS has set its FY 2025 guidance at 2.200-2.350 EPS. As a group, sell-side analysts expect that CTS Corporation will post 2.28 earnings per share for the current year.

CTS Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of 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 data from MarketBeat.com, the company has an average rating of "Hold".

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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