CTS Corporation $CTS Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in CTS Corporation (NYSE:CTS) by 71.0% in the second quarter, Holdings Channel.com reports. The fund owned 102,755 shares of the electronics maker’s stock after selling 252,059 shares during the quarter. Wellington Management Group LLP’s holdings in CTS were worth $6,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in shares of CTS during the second quarter worth about $33,000. Public Employees Retirement System of Ohio acquired a new stake in shares of CTS in the 2nd quarter valued at about $34,000. Parallel Advisors LLC boosted its position in shares of CTS by 308.5% in the 1st quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock valued at $67,000 after purchasing an additional 1,058 shares during the period. GAMMA Investing LLC grew its stake in CTS by 29.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,046 shares of the electronics maker’s stock worth $68,000 after buying an additional 239 shares during the last quarter. Finally, Trust Co. of Vermont acquired a new position in CTS during the second quarter worth approximately $98,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

CTS Price Performance

CTS stock opened at $56.82 on Wednesday. CTS Corporation has a 12 month low of $36.03 and a 12 month high of $69.55. 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 $60.50 and a 200-day simple moving average of $58.05. The stock has a market capitalization of $1.62 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.31 and a beta of 1.03.

CTS (NYSE:CTS) last issued its quarterly 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 during the quarter, compared to the consensus estimate 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 analysts predict that CTS Corporation will post 2.72 earnings per share 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 paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 25th. CTS’s dividend payout ratio (DPR) is presently 6.72%.

Analyst Upgrades and Downgrades

CTS has been the topic of a number of recent research reports. Weiss Ratings cut shares of CTS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Lake Street Capital began coverage on shares of CTS in a research report on Wednesday, September 2nd. They set a “buy” rating and a $67.00 price objective on the stock. Wall Street Zen lowered shares of CTS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research cut shares of CTS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, CTS has a consensus rating of “Hold” and an average price target of $67.00.

CTS 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.