Deutsche Bank AG Invests $2.37 Million in CTS Corporation $CTS

Deutsche Bank AG bought a new stake in CTS Corporation (NYSE:CTS) in the 2nd quarter, Holdings Channel.com reports. The firm bought 36,413 shares of the electronics maker’s stock, valued at approximately $2,374,000.

Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in CTS during the 2nd quarter worth approximately $14,716,000. Seizert Capital Partners LLC purchased a new stake in CTS in the fourth quarter valued at approximately $2,202,000. Old West Investment Management LLC acquired a new stake in shares of CTS in the second quarter valued at approximately $2,204,000. 1ST Source Bank purchased a new position in shares of CTS during the second quarter worth approximately $1,185,000. Finally, State of Wyoming acquired a new position in shares of CTS in the 2nd quarter valued at $900,000. 96.87% of the stock is owned by institutional investors and hedge funds.

CTS Price Performance

Shares of NYSE:CTS opened at $57.75 on Friday. The business’s 50 day simple moving average is $62.01 and its 200-day simple moving average is $58.04. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 1.31 and a beta of 1.05. 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 Corporation has a 12 month low of $36.03 and a 12 month high of $69.55.

CTS (NYSE:CTS) last released its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.13. The firm 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 period last year, the business posted $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. As a group, equities analysts forecast that CTS Corporation will post 2.72 earnings per share for the current fiscal year.

CTS Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.3%. CTS’s dividend payout ratio (DPR) is currently 6.72%.

Analysts Set New Price Targets

A number of analysts recently weighed in on CTS shares. Weiss Ratings cut shares of CTS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Zacks Research cut shares of CTS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Wall Street Zen downgraded shares of CTS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus 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.