Vanguard Group Inc. Has $111.68 Million Position in CTS Corporation $CTS

Key Points

• Vanguard Group Inc. reduced its stake in CTS Corporation by 0.8%, now owning approximately 9.01% of the company, valued at $111.68 million.
• CTS Corporation reported a quarterly earnings per share (EPS) of $0.57, exceeding the consensus estimate of $0.55, and anticipates a fiscal year 2025 EPS between 2.200-2.350.
• The firm declared a quarterly dividend of $0.04 per share, representing an annualized yield of 0.4%, with the ex-dividend date set for September 26th.

Vanguard Group Inc. lessened its position in CTS Corporation (NYSE:CTS - Free Report) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,687,814 shares of the electronics maker's stock after selling 21,523 shares during the quarter. Vanguard Group Inc. owned approximately 9.01% of CTS worth $111,679,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTS. LPL Financial LLC increased its position in shares of CTS by 37.8% during the 4th quarter. LPL Financial LLC now owns 7,931 shares of the electronics maker's stock worth $418,000 after purchasing an additional 2,175 shares during the last quarter. Barclays PLC boosted its stake in CTS by 3.0% in the 4th quarter. Barclays PLC now owns 58,941 shares of the electronics maker's stock valued at $3,108,000 after purchasing an additional 1,703 shares during the period. XTX Topco Ltd bought a new stake in CTS in the 4th quarter valued at $295,000. MetLife Investment Management LLC lifted its position in shares of CTS by 7.9% during the 4th quarter. MetLife Investment Management LLC now owns 18,378 shares of the electronics maker's stock valued at $969,000 after acquiring an additional 1,339 shares during the period. Finally, State of Tennessee Department of Treasury lifted its position in shares of CTS by 5.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 15,746 shares of the electronics maker's stock valued at $830,000 after acquiring an additional 747 shares during the period. Institutional investors and hedge funds own 96.87% of the company's stock.

CTS Stock Up 4.8%

Shares of NYSE:CTS opened at $43.5520 on Friday. The firm has a market cap of $1.28 billion, a P/E ratio of 20.54, a PEG ratio of 1.16 and a beta of 0.82. CTS Corporation has a 52-week low of $34.02 and a 52-week high of $59.68. The business's 50 day simple moving average is $41.58 and its two-hundred day simple moving average is $41.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.04 and a current ratio of 2.61.

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

CTS Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, September 26th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 26th. CTS's dividend payout ratio (DPR) is presently 7.55%.

Wall Street Analyst Weigh In

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

CTS Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.