The Manufacturers Life Insurance Company Makes New Investment in CTS Corporation $CTS

The Manufacturers Life Insurance Company purchased a new stake in CTS Corporation (NYSE:CTS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,814 shares of the electronics maker’s stock, valued at approximately $770,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new position in shares of CTS during the 2nd quarter worth about $272,000. Quantbot Technologies LP acquired a new stake in CTS in the 2nd quarter valued at about $102,000. Heartland Advisors Inc. acquired a new stake in CTS in the 2nd quarter valued at about $7,034,000. B. Metzler seel. Sohn & Co. AG bought a new position in CTS during the second quarter worth about $4,931,000. Finally, Madison Asset Management LLC bought a new position in CTS during the second quarter worth about $3,502,000. Institutional investors own 96.87% of the company’s stock.

CTS Trading Up 1.0%

Shares of NYSE:CTS opened at $57.11 on Friday. CTS Corporation has a 12-month low of $36.03 and a 12-month high of $69.55. The business has a 50 day moving average of $60.82 and a 200-day moving average of $58.02. The company has a quick ratio of 2.07, a current ratio of 2.61 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.63 billion, a PE ratio of 24.00, a P/E/G ratio of 1.31 and a beta of 1.03.

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

CTS Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, September 25th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 25th. CTS’s dividend payout ratio is currently 6.72%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings downgraded CTS from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Zacks Research downgraded CTS from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Lake Street Capital began coverage on CTS in a report on Wednesday. They set a “buy” rating and a $67.00 target price on the stock. Finally, Wall Street Zen cut CTS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $67.00.

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.