CTS (NYSE:CTS) Stock Bumped Up to Buy by Wall Street Zen

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

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

CTS Trading Up 0.2%

CTS stock opened at $59.70 on Friday. The business has a 50 day moving average price of $59.92 and a two-hundred day moving average price of $58.61. The company has a quick ratio of 2.07, a current ratio of 2.61 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 25.08, 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.

CTS (NYSE:CTS) last announced its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.13. The company had revenue of $144.78 million during the quarter, compared to the consensus estimate of $143.43 million. CTS had a return on equity of 13.48% and a net margin of 12.37%.During the same quarter last year, the company earned $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. As a group, equities analysts forecast that CTS will post 2.66 EPS for the current year.

CTS Dividend Announcement

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

Institutional Investors Weigh In On CTS

Several large investors have recently made changes to their positions in the company. Nykredit A S bought a new position in CTS during the 2nd quarter valued at about $25,000. Global Retirement Partners LLC bought a new stake in CTS during the second quarter worth about $33,000. Public Employees Retirement System of Ohio bought a new stake in CTS during the second quarter worth about $34,000. GAMMA Investing LLC increased its holdings in shares of CTS by 29.6% during the second quarter. GAMMA Investing LLC now owns 1,046 shares of the electronics maker’s stock worth $68,000 after buying an additional 239 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of CTS during the second quarter worth approximately $79,000. 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.