CTS (NYSE:CTS) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of CTS (NYSE:CTS) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

Several other brokerages have also recently issued reports on CTS. Weiss Ratings raised CTS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. Zacks Research cut CTS from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

CTS Stock Down 2.5%

Shares of NYSE CTS opened at $64.60 on Friday. 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 company has a 50-day moving average price of $63.59 and a 200-day moving average price of $57.32. The stock has a market capitalization of $1.84 billion, a P/E ratio of 27.14, a P/E/G ratio of 1.52 and a beta of 1.05. CTS has a 1 year low of $36.03 and a 1 year high of $69.55.

CTS (NYSE:CTS) last announced its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.13. The business had revenue of $144.78 million for the quarter, compared to analysts’ expectations of $143.43 million. CTS had a net margin of 12.37% and a return on equity of 13.48%. During the same quarter last year, the firm earned $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. On average, equities research analysts forecast that CTS will post 2.72 EPS for the current fiscal year.

CTS Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, June 26th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, June 26th. CTS’s payout ratio is 6.72%.

Institutional Trading of CTS

A number of large investors have recently added to or reduced their stakes in CTS. BlackRock Inc. bought a new stake in CTS in the second quarter worth about $293,472,000. Bank of New York Mellon Corp bought a new position in shares of CTS during the 2nd quarter valued at approximately $14,716,000. Tudor Investment Corp ET AL increased its stake in shares of CTS by 103.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 85,266 shares of the electronics maker’s stock worth $3,406,000 after purchasing an additional 43,341 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of CTS by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock worth $2,921,000 after purchasing an additional 7,144 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of CTS by 19.0% during the 1st quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker’s stock worth $2,480,000 after purchasing an additional 9,530 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

CTS Company 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.