Bokf Na acquired a new position in CTS Corporation (NYSE:CTS – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,568 shares of the electronics maker’s stock, valued at approximately $738,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CTS. Sterling Capital Management LLC lifted its stake in shares of CTS by 272.1% during the 3rd quarter. Sterling Capital Management LLC now owns 841 shares of the electronics maker’s stock valued at $49,000 after buying an additional 615 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in CTS by 10.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 23,592 shares of the electronics maker’s stock worth $1,386,000 after buying an additional 2,157 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings in CTS by 1.0% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 21,839 shares of the electronics maker’s stock worth $1,252,000 after buying an additional 216 shares during the period. GAMMA Investing LLC increased its stake in CTS by 33.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,395 shares of the electronics maker’s stock worth $82,000 after buying an additional 349 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in CTS by 48.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,093 shares of the electronics maker’s stock worth $462,000 after buying an additional 2,308 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
CTS has been the topic of a number of recent analyst reports. Wall Street Zen raised CTS from a “hold” rating to a “buy” rating in a report on Sunday, September 27th. Lake Street Capital started coverage on CTS in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $67.00 price objective on the stock. Barrington Research initiated coverage on CTS in a research note on Thursday, September 10th. They issued an “outperform” rating and a $80.00 price objective for the company. Finally, Weiss Ratings upgraded CTS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $73.50.
Read Our Latest Stock Analysis on CTS
Key Headlines Impacting CTS
Here are the key news stories impacting CTS this week:
- Positive Sentiment: CTS reported quarterly adjusted EPS of $0.77, exceeding the $0.65 analyst consensus, while revenue of $149.6 million also topped expectations of approximately $146.0 million. The results indicate continued operating momentum for the electronics maker. CTS Shares Gap Up on Strong Earnings
- Positive Sentiment: Management updated its fiscal 2026 outlook and outlined five-year financial targets, giving investors greater visibility into expected growth and profitability. The longer-term targets may support the investment case if CTS can execute successfully. CTS Corporation Updates Guidance and Five-Year Targets
- Positive Sentiment: Sidoti raised its fiscal 2026 EPS forecast to $2.82 from $2.68 and increased its fiscal 2027 estimate to $3.06 from $2.96. The firm also lifted estimates for the fourth quarter of 2026 and the first three quarters of 2027, suggesting improved near-term earnings expectations.
- Neutral Sentiment: CTS’s earnings presentation provides additional detail on the third-quarter performance, updated outlook and strategic priorities. Investors will focus on whether the company’s targets translate into accelerating sales and margin growth. CTS Corporation 2026 Q3 Results Earnings Call Presentation
- Negative Sentiment: Sidoti reduced its fourth-quarter 2027 EPS estimate to $0.72 from $0.83, indicating that analysts see some potential unevenness in the earnings trajectory despite higher estimates for other periods.
- Negative Sentiment: After the initial earnings-driven advance, the shares have decreased, potentially reflecting profit-taking and concerns that the stock’s valuation—around 24 times earnings—already prices in much of the improved outlook. A comparison with technology peers also suggests investors are assessing whether CTS can continue outperforming its sector. CTS Stock Performance Versus Peers
CTS Stock Up 0.1%
Shares of CTS opened at $61.31 on Monday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 1.37 and a beta of 0.99. CTS Corporation has a 1 year low of $40.15 and a 1 year high of $69.55. The business’s 50 day simple moving average is $57.61 and its 200-day simple moving average is $57.28. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.59 and a quick ratio of 2.10.
CTS (NYSE:CTS – Get Free Report) last posted its earnings results on Tuesday, October 27th. The electronics maker reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.12. CTS had a return on equity of 14.05% and a net margin of 12.94%. The firm had revenue of $149.58 million during the quarter, compared to the consensus estimate of $145.95 million. As a group, equities analysts expect that CTS Corporation will post 2.80 earnings per share for the current fiscal year.
CTS Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, September 25th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, September 25th. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. CTS’s dividend payout ratio is presently 6.32%.
CTS Profile
CTS Corporation (NYSE: CTS) is a designer and manufacturer of sensors, actuators, and electronic components for original equipment manufacturers and industrial customers. The company develops custom-engineered solutions that help measure, control, and manage electrical and mechanical functions in a range of products and systems.
Its offerings include position, pressure, temperature, and motion sensors; piezoelectric and electronic components; switches, controls, and actuators; and other sensing and mechatronic products.
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