Bank of Montreal Can Cuts Holdings in MTS Systems Co. (MTSC)

Bank of Montreal Can cut its holdings in shares of MTS Systems Co. (NASDAQ:MTSC) by 72.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,522 shares of the scientific and technical instruments company’s stock after selling 25,065 shares during the period. Bank of Montreal Can owned 0.05% of MTS Systems worth $512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MTSC. Teachers Advisors LLC lifted its position in MTS Systems by 10.0% during the 2nd quarter. Teachers Advisors LLC now owns 30,446 shares of the scientific and technical instruments company’s stock valued at $1,577,000 after purchasing an additional 2,778 shares during the period. TIAA CREF Investment Management LLC lifted its position in MTS Systems by 12.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 48,849 shares of the scientific and technical instruments company’s stock valued at $2,530,000 after purchasing an additional 5,262 shares during the period. Northern Trust Corp lifted its position in 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 valued at $14,000,000 after purchasing an additional 9,201 shares during the period. California Public Employees Retirement System lifted its position in 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 valued at $1,891,000 after purchasing an additional 2,700 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its position in MTS Systems by 9.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,958 shares of the scientific and technical instruments company’s stock valued at $1,966,000 after purchasing an additional 3,140 shares during the period. Institutional investors own 96.61% of the company’s stock.

A number of research analysts have issued reports on MTSC shares. B. Riley set a $70.00 target price on shares of MTS Systems and gave the company a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research downgraded shares of MTS Systems from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Finally, BidaskClub downgraded shares of MTS Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. MTS Systems presently has a consensus rating of “Buy” and a consensus target price of $62.00.

Shares of MTS Systems Co. (MTSC) opened at $49.25 on Thursday. The firm has a market cap of $876.98, a P/E ratio of 30.40, a P/E/G ratio of 2.06 and a beta of 1.12. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.71 and a quick ratio of 1.20. MTS Systems Co. has a 52-week low of $44.65 and a 52-week high of $57.50.

MTS Systems (NASDAQ:MTSC) last announced its quarterly earnings results on Monday, February 5th. The scientific and technical instruments company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The firm had revenue of $194.20 million during the quarter, compared to analyst estimates of $196.23 million. MTS Systems had a net margin of 7.22% and a return on equity of 9.33%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. research analysts predict that MTS Systems Co. will post 2.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be given a $0.30 dividend. The ex-dividend date is Friday, March 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.44%. MTS Systems’s dividend payout ratio is 74.07%.

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MTS Systems 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.

Institutional Ownership by Quarter for MTS Systems (NASDAQ:MTSC)

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