MTS Systems Corp. (MTSC) Upgraded by Sidoti to “Buy”
MTSC has been the topic of a number of other reports. Stephens upgraded shares of MTS Systems Corp. from an equal weight rating to an overweight rating in a report on Friday, June 17th. JPMorgan Chase & Co. initiated coverage on shares of MTS Systems Corp. in a report on Thursday, June 23rd. They issued an overweight rating and a $54.00 price target on the stock. Zacks Investment Research upgraded shares of MTS Systems Corp. from a sell rating to a hold rating in a report on Wednesday, July 13th. Finally, Wells Fargo & Co. initiated coverage on shares of MTS Systems Corp. in a report on Wednesday, August 17th. They issued a market perform rating on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. MTS Systems Corp. presently has a consensus rating of Buy and a consensus price target of $61.67.
Shares of MTS Systems Corp. (NASDAQ:MTSC) traded up 0.27% during mid-day trading on Thursday, reaching $44.45. 22,812 shares of the company traded hands. The stock has a market capitalization of $741.16 million, a PE ratio of 21.59 and a beta of 1.60. MTS Systems Corp. has a 52 week low of $41.53 and a 52 week high of $68.28. The firm has a 50 day moving average of $46.63 and a 200-day moving average of $48.75.
MTS Systems Corp. (NASDAQ:MTSC) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.04. MTS Systems Corp. had a net margin of 5.37% and a return on equity of 12.45%. The business had revenue of $157.70 million for the quarter, compared to analysts’ expectations of $146.77 million. During the same quarter in the previous year, the business posted $0.72 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. On average, equities research analysts expect that MTS Systems Corp. will post $2.43 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 19th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, September 15th. MTS Systems Corp.’s payout ratio is 58.54%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. First National Bank of Omaha boosted its position in shares of MTS Systems Corp. by 16.5% in the third quarter. First National Bank of Omaha now owns 33,430 shares of the company’s stock valued at $1,538,000 after buying an additional 4,740 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of MTS Systems Corp. by 28.8% in the third quarter. Independent Portfolio Consultants Inc. now owns 14,429 shares of the company’s stock valued at $664,000 after buying an additional 3,225 shares during the last quarter. Mason Street Advisors LLC acquired a new position in shares of MTS Systems Corp. during the second quarter valued at about $141,000. Royal Bank of Canada boosted its position in shares of MTS Systems Corp. by 198.2% in the second quarter. Royal Bank of Canada now owns 3,674 shares of the company’s stock valued at $161,000 after buying an additional 2,442 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of MTS Systems Corp. by 12.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 74,232 shares of the company’s stock valued at $3,255,000 after buying an additional 8,109 shares during the last quarter. Institutional investors own 96.99% of the company’s stock.
MTS Systems Corp. Company Profile
MTS Systems Corporation (MTS) is a global supplier of test systems and position sensors. The Company’s operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segment’s testing hardware, software and services solutions help customers improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures.
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