MTS Systems Co. (NASDAQ:MTSC) Director Chun Hung Yu acquired 2,000 shares of the stock in a transaction dated Wednesday, March 14th. The shares were purchased at an average price of $53.29 per share, for a total transaction of $106,580.00. Following the completion of the purchase, the director now directly owns 39,901 shares in the company, valued at $2,126,324.29. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
MTSC stock opened at $49.80 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.71 and a debt-to-equity ratio of 0.83. MTS Systems Co. has a 1 year low of $44.65 and a 1 year high of $57.50. The company has a market cap of $885.44, a P/E ratio of 22.43, a P/E/G ratio of 2.10 and a beta of 1.02.
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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). MTS Systems had a net margin of 7.22% and a return on equity of 9.33%. The business had revenue of $194.20 million during the quarter, compared to analyst estimates of $196.23 million. The business’s quarterly revenue was down 2.6% on a year-over-year basis. research analysts expect that MTS Systems Co. will post 2.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 19th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, March 16th. MTS Systems’s dividend payout ratio is currently 54.05%.
Several large investors have recently bought and sold shares of MTSC. State Street Corp boosted its stake in shares of MTS Systems by 3.7% in the 2nd quarter. State Street Corp now owns 409,067 shares of the scientific and technical instruments company’s stock valued at $21,185,000 after purchasing an additional 14,686 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of MTS Systems in the 3rd quarter valued at $737,000. Crossmark Global Holdings Inc. bought a new stake in shares of MTS Systems in the 3rd quarter valued at $201,000. BNP Paribas Arbitrage SA boosted its stake in shares of MTS Systems by 48.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,466 shares of the scientific and technical instruments company’s stock valued at $506,000 after purchasing an additional 3,102 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of MTS Systems by 43.2% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 8,090 shares of the scientific and technical instruments company’s stock valued at $432,000 after purchasing an additional 2,440 shares during the last quarter. 99.00% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of MTS Systems from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Friday, February 9th. B. Riley set a $70.00 price objective on shares of MTS Systems and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, BidaskClub upgraded shares of MTS Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, March 3rd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $62.00.
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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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