CTS Corporation (CTS) To Go Ex-Dividend on June 26th

CTS Corporation (NYSE:CTS) declared a quarterly dividend on Thursday, May 14th. Shareholders of record on Friday, June 26th will be given a dividend of 0.04 per share by the electronics maker on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, June 26th.

CTS has a payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Analysts expect CTS to earn $2.89 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 5.5%.

CTS Trading Down 4.7%

NYSE CTS opened at $58.40 on Friday. CTS has a one year low of $36.03 and a one year high of $62.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.98 and a current ratio of 2.52. The firm’s fifty day moving average is $52.48 and its two-hundred day moving average is $48.83. The firm has a market cap of $1.67 billion, a PE ratio of 24.96, a P/E/G ratio of 1.58 and a beta of 1.01.

CTS (NYSE:CTS) last issued its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. CTS had a net margin of 12.46% and a return on equity of 12.90%. The business had revenue of $139.23 million for the quarter, compared to analyst estimates of $136.83 million. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. Analysts expect that CTS will post 2.43 earnings per share for the current year.

Institutional Trading of CTS

A number of institutional investors have recently added to or reduced their stakes in CTS. Royal Bank of Canada boosted its holdings in CTS by 11.2% during the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after buying an additional 710 shares in the last quarter. Amundi boosted its holdings in CTS by 9.7% during the first quarter. Amundi now owns 11,542 shares of the electronics maker’s stock worth $480,000 after buying an additional 1,019 shares in the last quarter. AQR Capital Management LLC boosted its holdings in CTS by 19.4% during the first quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock worth $398,000 after buying an additional 1,558 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in CTS by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock worth $744,000 after buying an additional 785 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in CTS by 11.3% during the first 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 buying an additional 7,144 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

About CTS

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.