Madison Asset Management LLC Buys Shares of 53,724 CTS Corporation $CTS

Madison Asset Management LLC purchased a new position in shares of CTS Corporation (NYSE:CTS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 53,724 shares of the electronics maker’s stock, valued at approximately $3,502,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CTS. BlackRock Inc. purchased a new position in shares of CTS during the second quarter valued at approximately $293,472,000. Bank of New York Mellon Corp acquired a new stake in CTS during the second quarter worth approximately $14,716,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in CTS by 11.3% in 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 acquiring an additional 7,144 shares during the period. Jane Street Group LLC grew its stake in CTS by 19.0% in the 1st quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker’s stock worth $2,480,000 after acquiring an additional 9,530 shares during the period. Finally, Seizert Capital Partners LLC purchased a new stake in CTS in the 4th quarter worth approximately $2,202,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CTS. Weiss Ratings raised CTS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Zacks Research downgraded CTS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Wall Street Zen downgraded CTS from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

CTS Trading Down 0.5%

Shares of CTS stock opened at $57.74 on Friday. The firm has a market cap of $1.65 billion, a P/E ratio of 24.26, a PEG ratio of 1.33 and a beta of 1.05. CTS Corporation has a 1-year low of $36.03 and a 1-year 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 firm’s 50-day simple moving average is $62.90 and its 200-day simple moving average is $57.93.

CTS (NYSE:CTS) last released its earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.13. CTS had a net margin of 12.37% and a return on equity of 13.48%. The business had revenue of $144.78 million for the quarter, compared to analysts’ expectations of $143.43 million. 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. As a group, equities analysts forecast that CTS Corporation will post 2.72 EPS for the current year.

CTS Announces Dividend

The business also recently declared 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 dividend yield of 0.3%. The ex-dividend date is Friday, September 25th. CTS’s dividend payout ratio (DPR) is 6.72%.

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.