Nordea Investment Management AB increased its stake in MTS Systems Corporation (NASDAQ:MTSC) by 15.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,800 shares of the scientific and technical instruments company’s stock after buying an additional 5,376 shares during the period. Nordea Investment Management AB owned 0.24% of MTS Systems worth $2,181,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in MTS Systems during the 2nd quarter valued at $110,000. Mosaic Family Wealth LLC boosted its stake in MTS Systems by 5.8% during the 2nd quarter. Mosaic Family Wealth LLC now owns 3,361 shares of the scientific and technical instruments company’s stock valued at $174,000 after purchasing an additional 185 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in MTS Systems during the 3rd quarter valued at $201,000. Wedbush Securities Inc. purchased a new stake in MTS Systems during the 3rd quarter valued at $214,000. Finally, Good Life Advisors LLC boosted its stake in MTS Systems by 0.7% during the 2nd quarter. Good Life Advisors LLC now owns 4,281 shares of the scientific and technical instruments company’s stock valued at $219,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.
Several brokerages have commented on MTSC. B. Riley set a $70.00 target price on MTS Systems and gave the company a “buy” rating in a research note on Monday, November 27th. Zacks Investment Research upgraded MTS Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Finally, FBR & Co reiterated a “buy” rating on shares of MTS Systems in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. MTS Systems has an average rating of “Hold” and a consensus target price of $65.50.
MTS Systems Corporation (NASDAQ:MTSC) opened at $55.95 on Thursday. The stock has a market capitalization of $995.53, a price-to-earnings ratio of 25.23, a PEG ratio of 2.46 and a beta of 1.26. MTS Systems Corporation has a 52 week low of $44.65 and a 52 week high of $59.00. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.98.
MTS Systems (NASDAQ:MTSC) last released its quarterly earnings results on Monday, November 27th. The scientific and technical instruments company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.09. The firm had revenue of $201.50 million for the quarter, compared to the consensus estimate of $195.24 million. MTS Systems had a return on equity of 10.32% and a net margin of 3.18%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. research analysts predict that MTS Systems Corporation will post 2.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.14%. MTS Systems’s dividend payout ratio (DPR) is currently 91.60%.
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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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