CTS (NYSE:CTS) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of CTS (NYSE:CTS) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CTS in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

CTS Stock Performance

CTS stock opened at $65.25 on Monday. The stock has a 50-day simple moving average of $62.09 and a 200 day simple moving average of $53.90. The company has a quick ratio of 1.98, a current ratio of 2.52 and a debt-to-equity ratio of 0.11. CTS has a 12-month low of $36.03 and a 12-month high of $69.55. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 1.66 and a beta of 1.04.

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 the consensus estimate of $0.52 by $0.10. The business had revenue of $139.23 million for the quarter, compared to the consensus estimate of $136.83 million. CTS had a net margin of 12.46% and a return on equity of 12.90%. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. On average, research analysts anticipate that CTS will post 2.43 earnings per share for the current fiscal year.

CTS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, June 26th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, June 26th. CTS’s dividend payout ratio is currently 6.84%.

Hedge Funds Weigh In On CTS

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Horizon Investments LLC grew its holdings in CTS by 4.7% during the 4th quarter. Horizon Investments LLC now owns 14,084 shares of the electronics maker’s stock worth $604,000 after acquiring an additional 631 shares during the period. Royal Bank of Canada boosted its position in shares of CTS by 11.2% in the 1st quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after purchasing an additional 710 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of CTS by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock worth $744,000 after purchasing an additional 785 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of CTS by 12.1% during the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after purchasing an additional 876 shares during the period. Finally, Amundi grew its stake in shares of CTS by 9.7% during the first quarter. Amundi now owns 11,542 shares of the electronics maker’s stock worth $480,000 after purchasing an additional 1,019 shares during the period. 96.87% of the stock is owned by institutional investors.

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.