Madison Asset Management LLC Acquires New Position in CTS Corporation $CTS

Madison Asset Management LLC acquired a new position in shares of CTS Corporation (NYSE:CTS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 53,724 shares of the electronics maker’s stock, valued at approximately $3,502,000. Madison Asset Management LLC owned approximately 0.19% of CTS at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTS. Global Retirement Partners LLC purchased a new position in CTS in the second quarter valued at about $33,000. GAMMA Investing LLC boosted its stake in shares of CTS by 29.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,046 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 239 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of CTS by 308.5% in the 1st quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock worth $67,000 after acquiring an additional 1,058 shares during the period. Trust Co. of Vermont acquired a new stake in shares of CTS in the 2nd quarter worth approximately $98,000. Finally, Royal Bank of Canada grew its holdings 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 acquiring an additional 710 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

CTS Stock Down 0.5%

CTS stock opened at $57.74 on Friday. The company’s 50 day simple moving average is $62.90 and its 200-day simple moving average is $57.93. The firm has a market capitalization of $1.65 billion, a PE ratio of 24.26, a P/E/G ratio of 1.33 and a beta of 1.05. CTS Corporation has a 12 month low of $36.03 and a 12 month high of $69.55. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.61 and a quick ratio of 2.07.

CTS (NYSE:CTS) last issued its quarterly earnings data 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 analysts’ expectations of $143.43 million. During the same period last year, the company posted $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. Equities analysts expect that CTS Corporation will post 2.72 earnings per share for the current fiscal year.

CTS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, September 25th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.16 annualized dividend and a yield of 0.3%. CTS’s dividend payout ratio (DPR) is presently 6.72%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CTS. Zacks Research cut CTS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings raised CTS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen cut CTS from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

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.