Several other equities research analysts have also issued reports on MTSC. Zacks Investment Research lowered MTS Systems Corporation from a buy rating to a hold rating in a research note on Tuesday, July 18th. BidaskClub lowered MTS Systems Corporation from a hold rating to a sell rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $61.00.
MTS Systems Corporation (NASDAQ MTSC) opened at 53.30 on Tuesday. The firm has a 50-day moving average price of $50.84 and a 200-day moving average price of $51.01. MTS Systems Corporation has a one year low of $44.63 and a one year high of $59.00. The firm has a market cap of $903.70 million, a PE ratio of 40.78 and a beta of 1.28.
MTS Systems Corporation (NASDAQ:MTSC) last issued its quarterly earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.10. MTS Systems Corporation had a return on equity of 12.49% and a net margin of 3.13%. The firm had revenue of $194.00 million during the quarter, compared to analyst estimates of $193.03 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue was up 23.0% compared to the same quarter last year. On average, equities analysts expect that MTS Systems Corporation will post $2.14 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 18th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.25%. The ex-dividend date was Friday, September 15th. MTS Systems Corporation’s dividend payout ratio (DPR) is currently 91.60%.
In related news, insider Jeffrey A. Graves acquired 1,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $48.31 per share, for a total transaction of $48,310.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Hore acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $48.20 per share, for a total transaction of $482,000.00. Following the acquisition, the insider now owns 15,000 shares of the company’s stock, valued at approximately $723,000. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 20,000 shares of company stock valued at $951,560. Corporate insiders own 1.80% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MTSC. Bank of New York Mellon Corp increased its holdings in shares of MTS Systems Corporation by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 269,188 shares of the scientific and technical instruments company’s stock worth $14,818,000 after buying an additional 6,909 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of MTS Systems Corporation by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,535 shares of the scientific and technical instruments company’s stock worth $195,000 after buying an additional 384 shares during the period. Comerica Bank increased its holdings in shares of MTS Systems Corporation by 40.7% in the first quarter. Comerica Bank now owns 25,174 shares of the scientific and technical instruments company’s stock worth $1,176,000 after buying an additional 7,278 shares during the period. Karp Capital Management Corp purchased a new position in shares of MTS Systems Corporation in the first quarter worth about $238,000. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of MTS Systems Corporation by 2.3% in the first quarter. Parametric Portfolio Associates LLC now owns 34,818 shares of the scientific and technical instruments company’s stock worth $1,917,000 after buying an additional 796 shares during the period.
MTS Systems Corporation Company Profile
MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.
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