Putnam Investments LLC increased its position in MTS Systems Co. (NASDAQ:MTSC) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,427 shares of the scientific and technical instruments company’s stock after buying an additional 210 shares during the period. Putnam Investments LLC owned 0.06% of MTS Systems worth $535,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of MTSC. BlackRock Fund Advisors increased its position in MTS Systems by 12.7% in the third quarter. BlackRock Fund Advisors now owns 1,143,168 shares of the scientific and technical instruments company’s stock worth $52,620,000 after buying an additional 129,127 shares during the period. Dimensional Fund Advisors LP increased its position in shares of MTS Systems by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 542,980 shares of the scientific and technical instruments company’s stock worth $30,787,000 after buying an additional 15,791 shares during the period. State Street Corp increased its position in shares of MTS Systems by 6.7% in the fourth quarter. State Street Corp now owns 373,309 shares of the scientific and technical instruments company’s stock worth $21,166,000 after buying an additional 23,479 shares during the period. Ameriprise Financial Inc. increased its position in shares of MTS Systems by 8.7% in the third quarter. Ameriprise Financial Inc. now owns 317,020 shares of the scientific and technical instruments company’s stock worth $14,593,000 after buying an additional 25,342 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of MTS Systems by 786.6% in the third quarter. JPMorgan Chase & Co. now owns 259,347 shares of the scientific and technical instruments company’s stock worth $11,937,000 after buying an additional 230,094 shares during the period. Institutional investors and hedge funds own 99.96% of the company’s stock.
MTS Systems Co. (NASDAQ:MTSC) traded up 0.22% during mid-day trading on Friday, hitting $46.15. 77,561 shares of the stock were exchanged. MTS Systems Co. has a 52 week low of $41.53 and a 52 week high of $59.00. The stock’s 50-day moving average is $52.33 and its 200 day moving average is $53.08. The company has a market capitalization of $772.55 million, a PE ratio of 45.29 and a beta of 1.54.
MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings data on Monday, April 10th. The scientific and technical instruments company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by $0.27. The firm had revenue of $199.28 million for the quarter, compared to analysts’ expectations of $206.72 million. MTS Systems had a return on equity of 12.45% and a net margin of 5.37%. The firm’s revenue was up 41.8% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. On average, analysts anticipate that MTS Systems Co. will post $2.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Monday, March 20th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, March 16th. This represents a $1.20 annualized dividend and a dividend yield of 2.60%. MTS Systems’s dividend payout ratio (DPR) is 58.54%.
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A number of brokerages have recently commented on MTSC. TheStreet downgraded shares of MTS Systems from a “b-” rating to a “c” rating in a research report on Monday. Zacks Investment Research downgraded shares of MTS Systems from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 15th. Finally, JPMorgan Chase & Co. downgraded shares of MTS Systems from an “overweight” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research report on Friday, February 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. MTS Systems currently has a consensus rating of “Hold” and an average price target of $58.75.
About MTS Systems
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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