MTS Systems Corp. (MTSC) Upgraded to “Buy” by Sidoti
MTS Systems Corp. (NASDAQ:MTSC) was upgraded by equities research analysts at Sidoti from a “neutral” rating to a “buy” rating in a research note issued on Thursday.
Other analysts also recently issued research reports about the stock. Wells Fargo & Co. assumed coverage on shares of MTS Systems Corp. in a research report on Wednesday, August 17th. They issued a “market perform” rating for the company. Zacks Investment Research raised shares of MTS Systems Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of MTS Systems Corp. in a research report on Thursday, June 23rd. They issued an “overweight” rating and a $54.00 price objective for the company. Finally, Stephens raised shares of MTS Systems Corp. from an “equal weight” rating to an “overweight” rating in a research report on Friday, June 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $61.67.
MTS Systems Corp. (NASDAQ:MTSC) traded up 2.58% during mid-day trading on Thursday, reaching $43.67. 116,533 shares of the company traded hands. MTS Systems Corp. has a 52-week low of $41.53 and a 52-week high of $68.28. The stock has a market capitalization of $728.15 million, a PE ratio of 21.21 and a beta of 1.60. The firm’s 50-day moving average is $46.80 and its 200 day moving average is $48.78.
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MTS Systems Corp. (NASDAQ:MTSC) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $157.70 million for the quarter, compared to analyst estimates of $146.77 million. During the same quarter last year, the firm posted $0.72 earnings per share. MTS Systems Corp.’s revenue for the quarter 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 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 19th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Thursday, September 15th. MTS Systems Corp.’s payout ratio is currently 58.54%.
Several hedge funds have recently added to or reduced their stakes in the company. First National Bank of Omaha increased its stake in 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 worth $1,538,000 after buying an additional 4,740 shares during the last quarter. Independent Portfolio Consultants Inc. increased its stake in MTS Systems Corp. by 28.8% in the third quarter. Independent Portfolio Consultants Inc. now owns 14,429 shares of the company’s stock worth $664,000 after buying an additional 3,225 shares during the last quarter. Mason Street Advisors LLC bought a new stake in MTS Systems Corp. during the second quarter worth $141,000. Royal Bank of Canada increased its stake in MTS Systems Corp. by 198.2% in the second quarter. Royal Bank of Canada now owns 3,674 shares of the company’s stock worth $161,000 after buying an additional 2,442 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in 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 worth $3,255,000 after buying an additional 8,109 shares during the last quarter. 96.99% of the stock is owned by institutional investors and hedge funds.
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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