SEC Form SC 13G filed by CTS Corporation

2/14/23 1:46:24 PM ET

Electrical Products

Technology

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SC 13G 1 cts13ginitial1222.txt CTS CORPORATION - 12/31/2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No._ _) CTS CORPORATION ------------------------------------------------------------------------------- (Name of Issuer) Common Stock ------------------------------------------------------------------------------- (Title of Class of Securities) 126501105 ------------------------------ (CUSIP Number) 12/31/2022 ------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) CUSIP NO. 126501105 --------- ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). EARNEST Partners, LLC ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] ------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------------------- 5 SOLE VOTING POWER 1,157,404 NUMBER OF ----------------------------------------------------------------- SHARES BENEFICIALLY 6 SHARED VOTING POWER 0 OWNED BY ----------------------------------------------------------------- EACH REPORTING 7 SOLE DISPOSITIVE POWER 1,795,869 PERSON WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,795,869 ------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)[ ] ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.6% ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) ------------------------------------------------------------------------------- IA ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Item 1 (a) Name of Issuer CTS CORPORATION (b) Address of Issuer's Principal Executive Offices 4925 Indiana Avenue Lisle, IL, 60532 Item 2 (a) Name of Person Filing EARNEST Partners, LLC (b) Address of Principal Business Office or, if none, Residence 1180 Peachtree Street NE, Suite 2300, Atlanta, Georgia 30309 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 126501105 Item 3. If this statement is filed pursuant to 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (e) [X] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,795,869 (b) Percent of class: 5.6% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 1,157,404 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 1,795,869 (iv) Shared power to dispose or to direct the disposition of 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ] Item 6. Ownership of More than Five Percent on Behalf of Another Person. EARNEST Partners, LLC is filing as an investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). No client interest relates to more than five percent of the class. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of a Group Not Applicable Item 10. Certification (a) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. (b) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(c): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 13, 2023 ---------------------------------- Date /s/ James M. Wilson ---------------------------------- Signature James M. Wilson Chief Compliance Officer ---------------------------------- Name/Title Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) ACN/Form 13G (C) 2006: Advisor Consultant Network, Inc.

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Date	Price Target	Rating	Analyst
2/7/2024	$46.00	Buy → Neutral	Sidoti
2/7/2024	$38.00 → $46.00	Market Perform	TD Cowen
11/22/2022	$44.00	Hold	Jefferies
7/13/2022	$43.00	Neutral → Buy	Sidoti
6/2/2022	$43.00	Buy → Neutral	Sidoti
1/31/2022	$40.00	Neutral → Buy	Sidoti
11/12/2021	$14.00 → $13.00	Buy	Canaccord Genuity
10/14/2021	$40.00 → $34.00	Outperform → Market Perform	Cowen & Co.

SEC Form SC 13G filed by CTS Corporation

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Recent Analyst Ratings for
$CTS

$CTS
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Senior Vice President Trivedi Pratik covered exercise/tax liability with 206 shares, decreasing direct ownership by 2% to 8,352 units (SEC Form 4)

President & CEO O'Sullivan Kieran M covered exercise/tax liability with 10,374 shares, decreasing direct ownership by 2% to 414,410 units (SEC Form 4)

CFO Agrawal Ashish covered exercise/tax liability with 2,762 shares, decreasing direct ownership by 2% to 130,987 units (SEC Form 4)

$CTS
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

CTS Corp downgraded by Sidoti with a new price target

TD Cowen reiterated coverage on CTS Corp with a new price target

Jefferies initiated coverage on CTS Corp with a new price target

$CTS
SEC Filings

SEC Form SD filed by CTS Corporation

CTS Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

SEC Form 10-Q filed by CTS Corporation

SEC Form SC 13G filed by CTS Corporation

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Recent Analyst Ratings for $CTS

$CTS Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Senior Vice President Trivedi Pratik covered exercise/tax liability with 206 shares, decreasing direct ownership by 2% to 8,352 units (SEC Form 4)

President & CEO O'Sullivan Kieran M covered exercise/tax liability with 10,374 shares, decreasing direct ownership by 2% to 414,410 units (SEC Form 4)

CFO Agrawal Ashish covered exercise/tax liability with 2,762 shares, decreasing direct ownership by 2% to 130,987 units (SEC Form 4)

$CTS Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

CTS Corp downgraded by Sidoti with a new price target

TD Cowen reiterated coverage on CTS Corp with a new price target

Jefferies initiated coverage on CTS Corp with a new price target

$CTS SEC Filings

SEC Form SD filed by CTS Corporation

CTS Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

SEC Form 10-Q filed by CTS Corporation

Recent Analyst Ratings for
$CTS

$CTS
Insider Trading

$CTS
Analyst Ratings

$CTS
SEC Filings