5 Best Electrical Equipment Stocks to Buy

3. CTS Corporation (NYSE:CTS)

Short Percentage of Shares Outstanding: 2.17% 

On June 25, CTS Corporation (NYSE:CTS) announced that its board of directors has promoted current Chief Operating Officer Pratik Trivedi to the roles of Chief Executive Officer and President, effective July 6. Trivedi will succeed Kieran O’Sullivan, who will remain on the board of directors and transition to the role of Executive Chair after serving as CEO for 14 years. Trivedi will also join the company’s board upon the effective date of his appointment, marking a planned leadership transition designed to support continuity and future growth.

On April 29, CTS Corporation (NYSE:CTS) narrowed its fiscal 2026 revenue guidance to a range of $560 million to $580 million from its previous outlook of $550 million to $580 million. The revised guidance reflects increased confidence in the company’s revenue expectations while maintaining its upper-end forecast.

Founded in 1896 and headquartered in Lisle, Illinois, CTS Corporation (NYSE:CTS) designs and manufactures advanced sensors, actuators, and electronic components. It supplies essential technologies that regulate, connect, and power hardware for global OEMs in the automotive, aerospace, medical, and industrial sectors.

CTS is reinforcing its long-term growth strategy through a well-planned leadership transition while demonstrating greater confidence in its revenue outlook for fiscal 2026. Supported by its diversified portfolio of mission-critical electronic components and exposure to attractive industrial end markets, the company is well-positioned to deliver sustainable growth over the long term.