Who Owns CTS Company?

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Who Owns CTS Corporation?

The ownership structure of a company is critical, influencing its strategy and accountability. CTS Corporation, founded in 1896 as Chicago Telephone Supply Company, transitioned from private to public ownership, reshaping control and stakeholder influence.

CTS Corporation, now a global manufacturer of sensors and electronic components, operates as a publicly traded entity on the New York Stock Exchange. Its market capitalization was approximately $1.25 billion as of July 2025.

Who Owns CTS Corporation?

The origins of CTS Company trace back to 1896 when it was founded as the Chicago Telephone Supply Company. The initial ownership was established by A.J. Briggs, his son George A. Briggs, and Chicago lawyer S.A. Buffington. These founders set the stage for the company's early operations and growth.

Founding Year

The company was established in 1896, marking the beginning of its long operational history.

Initial Focus

Its early operations centered on manufacturing magneto-driven telephones and switchboards, meeting a significant market need.

Early Reputation

The company quickly built a reputation for product reliability, even offering guarantees for its equipment's performance.

Relocation

In 1902, the company moved its manufacturing facilities to Elkhart, Indiana, seeking larger and more cost-effective spaces.

Product Diversification

By 1922, the company expanded its product line to include radio components, which soon represented over half of its sales.

Market Leadership

By 1941, the company had become the world's largest producer of variable resistor products, a testament to its strategic adaptation.

While precise details on the initial equity distribution among the founders are not publicly documented, their collective efforts and vision were instrumental in the company's formative years. This foundational period, detailed in the Brief History of CTS, saw the company evolve from a telephone equipment manufacturer to a diversified electronics component supplier, laying the groundwork for its future growth and market presence.

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CTS Corporation became a publicly traded entity in 1962, listing its shares on the New York Stock Exchange. This transition marked a significant shift in its ownership structure, opening the door for broader public investment and influencing its subsequent evolution.

Institutional investors are the dominant force in CTS Company ownership, collectively holding a substantial majority of the company's stock. As of August 2025, there were 468 institutional owners and shareholders, representing approximately 97.12% of institutional ownership as of February and April 2025. This widespread institutional backing underscores the company's appeal to large investment firms. The ownership structure also includes insider holdings, primarily held by company executives and directors, which stood at 2.48% in February and April 2025. These figures highlight a diversified ownership base with a strong emphasis on institutional participation, reflecting confidence in the company's market position and future prospects. Understanding these ownership dynamics is crucial for grasping the overall control and strategic direction of CTS Corporation, as detailed in analyses of its Growth Strategy of CTS.

Key Stakeholders in CTS Company Ownership

Institutional investors and mutual funds are the primary holders of CTS Company stock. Their holdings fluctuate based on market conditions and investment strategies.

• Major institutional shareholders include BlackRock, Inc. and Vanguard Group Inc.
• As of March 31, 2025, BlackRock, Inc. held 4,675,219 shares.
• Vanguard Group Inc. held 2,687,814 shares as of March 31, 2025.
• Mutual fund holdings saw a slight decrease from 80.06% in January 2025 to 77.62% by April 2025.
• Insider ownership accounts for 2.48% of the total shares.

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The board of directors at CTS Corporation is instrumental in guiding the company's strategic path and ensuring accountability to its shareholders. Kieran M. O'Sullivan holds the key positions of President, Chief Executive Officer, and Chairman of the Board, a role he assumed in May 2014. Other significant figures within the executive leadership, likely influencing board decisions, include Ashish Agrawal, the VP & CFO, and Martin Baumeister, Senior Vice President.

CTS Corporation adheres to a standard one-share-one-vote system, common for companies listed on the NYSE. As of February 21, 2025, there were 30,041,311 shares outstanding. The available information does not indicate any dual-class share structures or special voting rights that would concentrate control. Insider ownership stood at approximately 2.48% in early 2025. Recent insider trading reports from late 2024 through early 2025 show sales by executives like Kieran M. O'Sullivan, Ashish Agrawal, and Martin Baumeister, with no significant insider purchases noted in the three months preceding August 2025. The company's 2025 proxy statement, referenced in its 2024 10-K filing, would provide comprehensive details on board composition and governance. There is no public record of recent proxy battles or activist investor campaigns influencing CTS Corporation's decision-making processes, which is a key aspect of understanding CTS Company ownership.

Understanding CTS Company's Governance and Ownership

The governance structure of CTS Corporation is overseen by its Board of Directors, with Kieran M. O'Sullivan serving as Chairman, CEO, and President. The company operates under a straightforward voting structure, reflecting its public trading status.

• Kieran M. O'Sullivan is the Chairman, CEO, and President.
• The company uses a one-share-one-vote system.
• Insider ownership was around 2.48% in early 2025.
• Recent insider activity shows executive sales, not purchases.
• Detailed governance information is available in proxy statements.

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Over the past few years, CTS Corporation has maintained a strong institutional ownership base, with institutions holding approximately 97% of shares as of early 2025. Insider ownership has remained consistent at around 2.48% as of April 2025. The company has actively engaged in share repurchases, including a $100 million authorization in February 2024, and repurchased 153,500 shares between October and December 2024.

Recent financial performance indicates a strategic shift towards high-growth sectors. In the second quarter of 2025, CTS Corporation reported a 4% year-over-year sales increase, reaching $135.3 million. This growth was significantly fueled by its diversification into industrial, aerospace/defense, and medical markets, which collectively accounted for 55% of total revenue in Q2 2025, a notable increase from the previous year. The company also experienced a substantial 40% rise in operating cash flow, reaching $28 million in Q2 2025 compared to 2024. Despite ongoing challenges within the transportation sector, CTS Corporation has a robust backlog of $400 million in aerospace/defense and medical orders, positioning it for sustained long-term growth. The company has reaffirmed its full-year 2025 sales guidance between $520 million and $550 million, with adjusted diluted earnings per share projected to be between $2.20 and $2.35, anticipating stronger revenue generation in the latter half of the year. These developments suggest a primary focus on organic expansion and strategic market positioning rather than immediate significant ownership changes or large-scale mergers and acquisitions.

Shareholder Structure

Institutions are the dominant shareholders, holding about 97% of CTS Corporation's stock as of early 2025. Insider ownership remains a smaller, stable portion.

Share Buyback Activity

The company has demonstrated a commitment to shareholder value through ongoing share repurchase programs. This includes a significant $100 million authorization and active repurchases in late 2024.

Market Diversification Success

CTS Corporation's strategic pivot towards industrial, aerospace/defense, and medical markets is yielding positive results. These sectors now represent a majority of the company's revenue, driving overall sales growth.

Financial Outlook and Growth Drivers

With a strong backlog and reaffirmed financial guidance for 2025, CTS Corporation is focused on organic growth. The company anticipates continued revenue strength, particularly in the second half of the year, as detailed in the Revenue Streams & Business Model of CTS.

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