CTS (NYSE:CTS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CTS (NYSE:CTS) from a hold rating to a buy rating in a report released on Sunday,Wall Street Zen reports.

CTS has been the topic of several other research reports. Weiss Ratings cut shares of CTS from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Lake Street Capital initiated coverage on shares of CTS in a report on Wednesday, September 2nd. They set a “buy” rating and a $67.00 price objective for the company. Zacks Research lowered CTS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Barrington Research began coverage on CTS in a report on Thursday, September 10th. They issued an “outperform” rating and a $80.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $73.50.

CTS Trading Down 0.1%

Shares of NYSE:CTS opened at $59.27 on Friday. The stock has a 50 day moving average of $59.88 and a 200 day moving average of $58.76. The company has a market cap of $1.69 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.40 and a beta of 1.03. CTS has a 12-month low of $36.03 and a 12-month high of $69.55. The company has a current ratio of 2.61, a quick ratio of 2.07 and a debt-to-equity ratio of 0.10.

CTS (NYSE:CTS) last posted its quarterly 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. CTS had a net margin of 12.37% and a return on equity of 13.48%. The business had revenue of $144.78 million during the quarter, compared to analyst estimates of $143.43 million. During the same period in the prior year, the business posted $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. As a group, equities research analysts expect that CTS will post 2.66 EPS for the current year.

CTS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, September 25th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, September 25th. CTS’s dividend payout ratio is currently 6.72%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CTS. Old West Investment Management LLC bought a new stake in CTS during the second quarter worth approximately $2,204,000. Deutsche Bank AG purchased a new stake in CTS during the second quarter valued at approximately $2,374,000. Legal & General Group Plc bought a new stake in shares of CTS in the 2nd quarter valued at approximately $4,118,000. Jupiter Topco LLC bought a new stake in CTS in the second quarter worth $11,762,000. Finally, BlackRock Inc. bought a new stake in CTS in the second quarter worth $293,472,000. Institutional investors own 96.87% of the company’s stock.

CTS Company Profile

CTS Corporation (NYSE: CTS) designs and manufactures sensors, actuators, electronic components and assemblies used in a range of industrial and commercial applications. Its products include pressure, temperature and position sensors; piezoelectric and other actuators; switches; electronic controls; frequency-control products; and custom-engineered assemblies.

The company serves customers in the transportation, aerospace and defense, industrial, medical and communications markets. CTS products are used in applications such as vehicle systems, industrial automation, medical equipment, aerospace systems and other products that require sensing, control, switching or electronic connectivity.

CTS traces its history to 1896, when it was established as Chicago Telephone Supply.