Man Group plc Invests $4.47 Million in CTS Corporation $CTS

Man Group plc acquired a new position in CTS Corporation (NYSE:CTS) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 68,571 shares of the electronics maker’s stock, valued at approximately $4,470,000.

Several other large investors have also recently added to or reduced their stakes in CTS. Global Retirement Partners LLC acquired a new position in CTS during the 2nd quarter worth $33,000. 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 valued at $68,000 after purchasing an additional 239 shares during the period. Parallel Advisors LLC raised its stake in shares of CTS by 308.5% during the first quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock valued at $67,000 after purchasing an additional 1,058 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of CTS during the second quarter valued at about $98,000. Finally, Quantbot Technologies LP bought a new stake in shares of CTS during the second quarter valued at about $102,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

CTS Stock Performance

Shares of NYSE CTS opened at $56.53 on Monday. CTS Corporation has a 1 year low of $36.03 and a 1 year high of $69.55. The firm has a market cap of $1.61 billion, a P/E ratio of 23.75, a PEG ratio of 1.30 and a beta of 1.05. The stock has a fifty day moving average price of $61.80 and a two-hundred day moving average price of $58.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.07 and a current ratio of 2.61.

CTS (NYSE:CTS) last posted 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 for 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 in the previous year, the business earned $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. Research analysts forecast that CTS Corporation will post 2.72 EPS for the current fiscal year.

CTS Announces Dividend

The firm 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 $0.04 dividend. The ex-dividend date is Friday, September 25th. This represents a $0.16 annualized dividend and a yield of 0.3%. CTS’s payout ratio is 6.72%.

Analyst Ratings Changes

CTS has been the subject of a number of recent analyst reports. Zacks Research lowered shares of CTS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings cut shares of CTS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Finally, Wall Street Zen downgraded shares of CTS from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

CTS 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.