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CTS

CTS on NYSE. CTS sells sensors, connectivity components, and actuators to manufacturers and the U.S. Government. Market value $1.8bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Worth a closer look

Why it could be worth it

What to watch out for

Nothing stood out in the numbers we check.

Read what could go wrong

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
5.2%fair

For every $100 of what the whole company costs, it produced $5.24 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: 79 of 100. Price score: 67 of 100. Our list needs 70 on quality and 60 on price.

$61.10 a share, 70% above its 1-year low

Over the past year the price has ranged from $36.03 to $69.55.

Dividend: 0.3% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.1
0.1
0.1
0.1
0.1
0.1
2021202220232024202512 monthsto Jun '26
Revenue
$513m$587m$550m$515m$541m
Operating margin
14.9%15.8%13.6%13.8%15.3%
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.03bn0.03bn0.03bn0.03bn0.03bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)7 of 8 checks we could run
  • Profit backed by cash (accruals)Yes
  • DebtUnknown
  • Revenue growth, five yearsSlow, 5.0% a year
  • Buying back its own sharesYes, 10% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $145 million last quarter, up 7% on a year ago.
  • Profit: $19 million, about the same as a year ago.
  • It keeps 16 cents of each $1 of sales as operating profit, up from 15 cents a year earlier.
  • Spare cash over the past 12 months: $91 million, up from $86 million.
  • 4% fewer shares than a year ago. Each share owns a bit more of the company.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$132m
December 2024$126m
March 2025$126m
June 2025$135m
September 2025$143m
December 2025$137m
March 2026$139m
June 2026$145m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$18m
December 2024$12m
March 2025$13m
June 2025$19m
September 2025$14m
December 2025$20m
March 2026$17m
June 2026$19m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
24 February 2026
Next quarterly (estimated, 10-Q)
27 October 2026

Who owns it

4 long-term investors we follow own it, down from 5 last quarter. 276 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

  • BlackRock, Inc.
    Passive investor
    14.7%
    Since 30 September 2025
  • Wasatch Advisors LP
    Passive investor
    12.6%+1.7 pts
    Since 30 June 2026
  • EARNEST PARTNERS LLC
    Passive investor
    6.7%
    Since 30 June 2025
  • 5.1%
    Since 31 March 2026
  • GAMCO Asset Management Inc.
    Passive investor
    at least 4.1%
    (filed with 8 related holders)
    Since 4 August 2026
    What they said

    The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the…

    Read the filing
  • Sold down below 5%
    Since 30 September 2025
  • The Vanguard Group
    Passive investor
    Sold down below 5%
    Since 13 March 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 2 sold $10m, $8m of it under preset trading plans.

  • O'SULLIVAN KIERAN M
    President & CEO, Director
    Sold
    under a preset trading plan
    Date
    3 June 2026
    Shares
    22,657
    Price
    $66.67
    Value
    $2m
  • O'SULLIVAN KIERAN M
    President & CEO, Director
    Sold
    under a preset trading plan
    Date
    2 June 2026
    Shares
    60,388
    Price
    $66.26
    Value
    $4m
  • O'SULLIVAN KIERAN M
    President & CEO, Director
    Sold
    under a preset trading plan
    Date
    1 June 2026
    Shares
    46,955
    Price
    $63.31
    Value
    $3m
  • Agrawal Ashish
    CFO
    Sold
    Date
    2 February 2026
    Shares
    25,000
    Price
    $53.00
    Value
    $1m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 24 Feb 2026, plus the 10-Q filed 28 Jul 2026 and 6 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.