Swiss National Bank grew its holdings in MTS Systems Co. (NASDAQ:MTSC) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,900 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,500 shares during the period. Swiss National Bank owned about 0.16% of MTS Systems worth $1,552,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of MTSC. Crossmark Global Holdings Inc. purchased a new stake in shares of MTS Systems during the 3rd quarter worth $201,000. Virginia Retirement Systems ET AL acquired a new position in MTS Systems in the third quarter valued at $267,000. Teacher Retirement System of Texas acquired a new position in MTS Systems in the fourth quarter valued at $312,000. SG Americas Securities LLC increased its stake in MTS Systems by 245.7% in the third quarter. SG Americas Securities LLC now owns 7,312 shares of the scientific and technical instruments company’s stock valued at $391,000 after purchasing an additional 5,197 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of MTS Systems by 43.2% during the third quarter. Municipal Employees Retirement System of Michigan now owns 8,090 shares of the scientific and technical instruments company’s stock worth $432,000 after acquiring an additional 2,440 shares during the period. Institutional investors and hedge funds own 99.00% of the company’s stock.
A number of research analysts have recently issued reports on the stock. BidaskClub lowered shares of MTS Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 13th. Zacks Investment Research upgraded shares of MTS Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, B. Riley set a $70.00 price target on shares of MTS Systems and gave the stock a “buy” rating in a research note on Monday, November 27th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $62.00.
MTS Systems (NASDAQ:MTSC) last issued its earnings results on Monday, February 5th. The scientific and technical instruments company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). MTS Systems had a return on equity of 9.33% and a net margin of 7.22%. The company had revenue of $194.20 million for the quarter, compared to analyst estimates of $196.23 million. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. equities analysts anticipate that MTS Systems Co. will post 2.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, March 16th. This represents a $1.20 annualized dividend and a yield of 2.24%. MTS Systems’s payout ratio is currently 40.82%.
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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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