Shares of MTS Systems Corporation (NASDAQ:MTSC) have earned an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $58.00.

A number of equities analysts recently issued reports on MTSC shares. Zacks Investment Research downgraded shares of MTS Systems Corporation from a “hold” rating to a “strong sell” rating in a report on Saturday, April 15th. TheStreet downgraded shares of MTS Systems Corporation from a “b-” rating to a “c” rating in a report on Monday, April 17th. FBR & Co reissued an “outperform” rating on shares of MTS Systems Corporation in a report on Tuesday, July 11th. Finally, BidaskClub downgraded shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd.

Shares of MTS Systems Corporation (NASDAQ MTSC) opened at 51.15 on Tuesday. The company has a market cap of $856.30 million, a price-to-earnings ratio of 43.06 and a beta of 1.29. MTS Systems Corporation has a 52-week low of $41.53 and a 52-week high of $59.00. The stock has a 50 day moving average of $52.74 and a 200 day moving average of $53.09.

MTS Systems Corporation (NASDAQ:MTSC) last posted its quarterly earnings data on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The company had revenue of $194 million for the quarter, compared to the consensus estimate of $193.03 million. MTS Systems Corporation had a net margin of 2.83% and a return on equity of 12.81%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. On average, equities research analysts expect that MTS Systems Corporation will post $2.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Friday, September 15th. MTS Systems Corporation’s payout ratio is 98.36%.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/08/mts-systems-corporation-mtsc-given-consensus-recommendation-of-hold-by-brokerages.html.

In other MTS Systems Corporation news, insider Jeffrey A. Graves sold 23,820 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $54.10, for a total transaction of $1,288,662.00. Following the sale, the insider now owns 50,514 shares in the company, valued at approximately $2,732,807.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Hore bought 5,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were purchased at an average price of $51.55 per share, for a total transaction of $257,750.00. Following the purchase, the insider now owns 5,000 shares in the company, valued at approximately $257,750. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in MTS Systems Corporation during the fourth quarter worth approximately $11,982,000. Bank of Montreal Can boosted its stake in MTS Systems Corporation by 2.6% in the first quarter. Bank of Montreal Can now owns 33,927 shares of the scientific and technical instruments company’s stock worth $1,868,000 after buying an additional 865 shares during the last quarter. First National Bank of Omaha boosted its stake in MTS Systems Corporation by 17.2% in the first quarter. First National Bank of Omaha now owns 43,548 shares of the scientific and technical instruments company’s stock worth $2,397,000 after buying an additional 6,406 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in MTS Systems Corporation by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the scientific and technical instruments company’s stock worth $374,000 after buying an additional 100 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in MTS Systems Corporation by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 1,850 shares of the scientific and technical instruments company’s stock worth $101,000 after buying an additional 50 shares during the last quarter.

About MTS Systems Corporation

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.

Receive News & Ratings for MTS Systems Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTS Systems Corporation and related companies with MarketBeat.com's FREE daily email newsletter.