Jupiter Topco LLC Takes Position in CTS Corporation $CTS

Jupiter Topco LLC purchased a new position in shares of CTS Corporation (NYSE:CTS) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 180,419 shares of the electronics maker’s stock, valued at approximately $11,762,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in CTS in the second quarter valued at approximately $33,000. Parallel Advisors LLC lifted its stake in CTS by 308.5% during the first quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock worth $67,000 after purchasing an additional 1,058 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of CTS by 29.6% in the 2nd 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 in the last quarter. Trust Co. of Vermont acquired a new stake in shares of CTS in the 2nd quarter valued at $98,000. Finally, Quantbot Technologies LP bought a new position in shares of CTS in the 2nd quarter valued at $102,000. Institutional investors own 96.87% of the company’s stock.

Analyst Ratings Changes

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

CTS Price Performance

Shares of NYSE:CTS opened at $56.53 on Friday. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.30 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. The firm has a 50 day simple moving average of $61.80 and a 200 day simple moving average of $58.03. CTS Corporation has a one year low of $36.03 and a one year high of $69.55.

CTS (NYSE:CTS) last posted its earnings results 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. The firm had revenue of $144.78 million for the quarter, compared to analysts’ expectations of $143.43 million. CTS had a net margin of 12.37% and a return on equity of 13.48%. During the same quarter in the previous year, the firm posted $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. Research analysts predict that CTS Corporation will post 2.72 earnings per share for the current fiscal year.

CTS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, September 25th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 25th. CTS’s dividend payout ratio is presently 6.72%.

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.