Zacks Investment Research upgraded shares of MTS Systems (NASDAQ:MTSC) from a sell rating to a hold rating in a research note released on Wednesday morning.
According to Zacks, “MTS Systems Corporation is a leading global supplier of test systems and industrial position sensors. The Company’s testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS’ high-performance position sensors provide controls for a variety of industrial and vehicular applications. “
Several other research analysts have also recently weighed in on the stock. B. Riley set a $70.00 price target on shares of MTS Systems and gave the company a buy rating in a report on Monday, November 27th. BidaskClub lowered shares of MTS Systems from a hold rating to a sell rating in a research report on Wednesday, January 3rd. Finally, FBR & Co restated a buy rating on shares of MTS Systems in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $65.50.
MTS Systems (NASDAQ:MTSC) opened at $51.85 on Wednesday. The firm has a market cap of $935.08, a PE ratio of 23.67, a price-to-earnings-growth ratio of 2.31 and a beta of 1.27. 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 has a fifty-two week low of $44.65 and a fifty-two week high of $58.70.
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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.09. The firm had revenue of $201.50 million for the quarter, compared to analysts’ expectations of $195.24 million. MTS Systems had a net margin of 3.18% and a return on equity of 10.32%. The business’s revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. equities research analysts anticipate that MTS Systems will post 2.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.31%. MTS Systems’s payout ratio is presently 91.60%.
Large investors have recently made changes to their positions in the business. Northern Trust Corp grew its position in shares of MTS Systems by 3.5% during the 2nd quarter. Northern Trust Corp now owns 270,288 shares of the scientific and technical instruments company’s stock worth $14,000,000 after purchasing an additional 9,201 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of MTS Systems by 4.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 114,606 shares of the scientific and technical instruments company’s stock worth $5,937,000 after purchasing an additional 4,862 shares in the last quarter. Nordea Investment Management AB grew its position in shares of MTS Systems by 15.2% during the 3rd quarter. Nordea Investment Management AB now owns 40,800 shares of the scientific and technical instruments company’s stock worth $2,181,000 after purchasing an additional 5,376 shares in the last quarter. California Public Employees Retirement System grew its position in shares of MTS Systems by 8.0% during the 2nd quarter. California Public Employees Retirement System now owns 36,500 shares of the scientific and technical instruments company’s stock worth $1,891,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of MTS Systems by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 627,954 shares of the scientific and technical instruments company’s stock worth $32,528,000 after purchasing an additional 30,667 shares in the last quarter. Hedge funds and other institutional investors own 97.80% of the company’s stock.
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MTS Systems 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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