On May 1, 2024, Ashish Agrawal, Chief Financial Officer of CTS Corp (CTS, Financial), sold 7,699 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider has sold a total of 25,000 shares over the past year, with no recorded purchases.
CTS Corp, headquartered in Lisle, Illinois, is a global manufacturer of sensors, actuators, and electronic components. The company provides solutions to OEMs and Tier 1 suppliers in the aerospace, communications, defense, industrial, information technology, medical, and transportation markets.
On the date of the sale, shares of CTS Corp were priced at $47.02, valuing the company with a market cap of approximately $1.47 billion. The price-earnings ratio stood at 24.95, above both the industry median of 23.69 and the company's historical median.
The stock's valuation, according to GF Value, is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.14, based on a GF Value of $41.31. The GF Value is derived from historical trading multiples, an adjustment factor based on past performance, and future business expectations.
Reviewing insider trends, there have been no insider buys and 9 insider sells at CTS Corp over the past year, indicating a possible trend among insiders.
This recent transaction by the insider might provide investors with insights into the company's current valuation and insider confidence levels.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
