CTS CORPORATION: State Board of Administration of Florida Retirement System Sells Shares

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CTS CORPORATION ($NYSE:CTS) is a publicly traded company with ticker CTS. The company is based in Elkhart, Indiana and provides engineering and manufacturing solutions for customers in the transportation, industrial, medical, and communications markets. The State Board of Administration of Florida Retirement System sold 367 shares of CTS Co. on Thursday.

This sale represents about 0.1% of the company. The sale of CTS shares was made as part of the State Board’s investment strategy and was not based on any specific event or material development at the company.

Stock Price

On Monday, CTS CORPORATION stock opened at $42.0 and closed at $42.2. The company has been getting positive media exposure lately, and analysts believe that the stock is undervalued. Live Quote….

VI Analysis

CTS Corporation is a strong company in terms of asset, dividend, and profitability. It is a medium-sized company in terms of growth. The company is classified as a ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage.

CTS Corporation would be of interest to investors who are looking for a company with a strong foundation and a high chance of sustaining future operations. The company has a high health score of 10/10, indicating that it is capable of weathering any future storms.

VI Peers

The company’s products are used in a wide range of industries, including automotive, consumer, industrial, medical, and telecommunications. CTS Corp has a strong competitive position in the market, with a broad product portfolio and a large customer base. The company’s main competitors are Alps Alpine Co Ltd, Concraft Holding Co Ltd, and Man Yue Technology Holdings Ltd.

– Alps Alpine Co Ltd ($TSE:6770)

Alps Alpine Co Ltd is a Japanese company that manufactures and sells electronic equipment and components. The company has a market cap of 273.42B as of 2022 and a ROE of 8.73%. Alps Alpine is a leading manufacturer of electronic equipment and components, with a strong presence in the automotive, industrial, and consumer markets. The company’s products are used in a wide range of applications, including automotive electronics, communications, and computing. Alps Alpine is headquartered in Tokyo, Japan, and has manufacturing facilities in Japan, China, and the United States.

– Concraft Holding Co Ltd ($TWSE:4943)

Concraft Holding Co Ltd is a construction company that operates in the Chinese market. The company has a market capitalization of 1.19 billion as of 2022 and a return on equity of -142.04%. The company’s primary business is the construction of residential and commercial buildings. The company also provides construction management services.

– Man Yue Technology Holdings Ltd ($SEHK:00894)

Man Yue Technology Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the provision of electronics manufacturing services. The Company operates its businesses through two segments. The Electronics Manufacturing Services Segment is engaged in the provision of one-stop electronics manufacturing services, including product design, printed circuit board assembly, plastic injection molding and product assembly. The Logistics Segment is engaged in the provision of logistics services, including international airfreight, international oceanfreight, warehousing and domestic transportation. As of December 31, 2011, the Company operated a total of 20 subsidiaries.

Summary

Investing in CTS Corporation can be a wise decision for a number of reasons. The company has a strong financial position, with plenty of cash on hand and low debt levels. It also has a solid track record of profitability and is expected to continue growing at a healthy pace in the future. Furthermore, CTS Corporation pays a dividend, which can provide investors with some income as well as potential for capital gains if the share price rises.