MTS Systems Corporation (NASDAQ:MTSC) insider Jeffrey A. Graves sold 1,426 shares of MTS Systems Corporation stock in a transaction on Monday, June 12th. The shares were sold at an average price of $54.40, for a total transaction of $77,574.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
MTS Systems Corporation (NASDAQ:MTSC) traded down 0.972% on Friday, hitting $53.475. 66,623 shares of the stock traded hands. MTS Systems Corporation has a 52 week low of $41.53 and a 52 week high of $59.00. The firm has a market capitalization of $895.22 million, a PE ratio of 45.013 and a beta of 1.27. The stock has a 50 day moving average of $51.50 and a 200 day moving average of $53.96.
MTS Systems Corporation (NASDAQ:MTSC) last announced its earnings results on Monday, May 8th. The scientific and technical instruments company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.19. The company had revenue of $193.42 million during the quarter, compared to the consensus estimate of $185.54 million. MTS Systems Corporation had a net margin of 2.83% and a return on equity of 12.81%. During the same quarter in the prior year, the company posted $0.27 earnings per share. Equities research analysts anticipate that MTS Systems Corporation will post $2.22 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Friday, June 23rd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $1.20 annualized dividend and a dividend yield of 2.22%. MTS Systems Corporation’s dividend payout ratio is currently 98.36%.
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MTSC has been the topic of several recent research reports. Zacks Investment Research upgraded shares of MTS Systems Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, March 22nd. TheStreet lowered shares of MTS Systems Corporation from a “b-” rating to a “c” rating in a research note on Monday, April 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $55.67.
Several hedge funds have recently made changes to their positions in MTSC. State of Alaska Department of Revenue increased its stake in shares of MTS Systems Corporation by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 1,850 shares of the scientific and technical instruments company’s stock valued at $101,000 after buying an additional 50 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of MTS Systems Corporation by 8.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,032 shares of the scientific and technical instruments company’s stock valued at $115,000 after buying an additional 161 shares in the last quarter. Mosaic Family Wealth LLC increased its stake in shares of MTS Systems Corporation by 2.9% in the first quarter. Mosaic Family Wealth LLC now owns 3,176 shares of the scientific and technical instruments company’s stock valued at $175,000 after buying an additional 91 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake 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 valued at $195,000 after buying an additional 384 shares in the last quarter. Finally, Dubuque Bank & Trust Co. purchased a new stake in shares of MTS Systems Corporation during the first quarter valued at approximately $203,000.
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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