CTS (NYSE:CTS) Shares Pass Above 200-Day Moving Average – Time to Sell?

CTS Corporation (NYSE:CTS)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $54.59 and traded as high as $59.29. CTS shares last traded at $59.0240, with a volume of 223,633 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of CTS in a report on Tuesday, May 26th. Zacks Research lowered shares of CTS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, CTS has a consensus rating of “Hold”.

CTS Price Performance

The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.57 and a beta of 1.04. The company has a current ratio of 2.52, a quick ratio of 1.98 and a debt-to-equity ratio of 0.11. The company’s fifty day moving average is $62.95 and its two-hundred day moving average is $54.75.

CTS (NYSE:CTS) last released its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. CTS had a return on equity of 12.90% and a net margin of 12.46%.The company had revenue of $139.23 million for the quarter, compared to analysts’ expectations of $136.83 million. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, research analysts predict that CTS Corporation will post 2.43 earnings per share for the current year.

CTS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, June 26th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.16 annualized dividend and a yield of 0.3%. CTS’s dividend payout ratio is presently 6.84%.

Hedge Funds Weigh In On CTS

Several institutional investors have recently bought and sold shares of CTS. GAMMA Investing LLC lifted its position 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 purchasing an additional 239 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of CTS by 308.5% in 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. Royal Bank of Canada grew its holdings in shares of CTS by 11.2% in the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock valued at $292,000 after purchasing an additional 710 shares in the last quarter. Entropy Technologies LP purchased a new stake in CTS during the 1st quarter worth approximately $387,000. Finally, Captrust Financial Advisors increased its stake in CTS by 12.1% during the 2nd quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after buying an additional 876 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

About CTS

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.