CTS Corporation Plans Quarterly Dividend of $0.04 (NYSE:CTS)

CTS Corporation (NYSE:CTS) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Friday, March 27th will be given a dividend of 0.04 per share by the electronics maker on Friday, April 24th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, March 27th.

CTS has a payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings.

CTS Trading Up 0.6%

CTS opened at $57.25 on Friday. CTS has a 12 month low of $34.02 and a 12 month high of $59.66. The stock has a fifty day moving average price of $47.74 and a 200-day moving average price of $43.44. The company has a current ratio of 2.30, a quick ratio of 2.12 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.49 and a beta of 0.89.

CTS (NYSE:CTS) last posted its quarterly earnings data on Tuesday, February 10th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. CTS had a net margin of 12.07% and a return on equity of 12.14%. The firm had revenue of $137.27 million for the quarter, compared to the consensus estimate of $135.86 million. CTS has set its FY 2026 guidance at 2.300-2.450 EPS. As a group, equities research analysts anticipate that CTS will post 2.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CTS

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC boosted its position in CTS by 90.9% in the 2nd quarter. SG Americas Securities LLC now owns 6,905 shares of the electronics maker’s stock valued at $294,000 after buying an additional 3,287 shares during the period. Royal Bank of Canada lifted its stake 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. Captrust Financial Advisors raised its holdings in CTS by 12.1% during the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after purchasing an additional 876 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of CTS in the 3rd quarter valued at approximately $341,000. Finally, AQR Capital Management LLC lifted its stake in shares of CTS by 19.4% during the first quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock valued at $398,000 after buying an additional 1,558 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

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.