Crossmark Global Holdings Inc. purchased a new stake in MTS Systems Corporation (NASDAQ:MTSC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,760 shares of the scientific and technical instruments company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of MTS Systems by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 627,954 shares of the scientific and technical instruments company’s stock valued at $32,528,000 after purchasing an additional 30,667 shares in the last quarter. Denver Investment Advisors LLC raised its position in shares of MTS Systems by 46.7% in the second quarter. Denver Investment Advisors LLC now owns 461,557 shares of the scientific and technical instruments company’s stock valued at $23,909,000 after buying an additional 146,953 shares during the last quarter. State Street Corp raised its position in shares of MTS Systems by 3.7% in the second quarter. State Street Corp now owns 409,067 shares of the scientific and technical instruments company’s stock valued at $21,185,000 after buying an additional 14,686 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of MTS Systems by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 274,001 shares of the scientific and technical instruments company’s stock valued at $14,193,000 after buying an additional 4,813 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of MTS Systems by 3.5% in the second quarter. Northern Trust Corp now owns 270,288 shares of the scientific and technical instruments company’s stock valued at $14,000,000 after buying an additional 9,201 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors.

MTS Systems Corporation (MTSC) opened at $55.80 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.85 and a quick ratio of 1.33. The firm has a market cap of $984.86, a P/E ratio of 24.95, a PEG ratio of 2.43 and a beta of 1.26. MTS Systems Corporation has a 52-week low of $44.65 and a 52-week high of $59.00.

MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings data on Monday, November 27th. The scientific and technical instruments company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The business had revenue of $201.50 million during the quarter, compared to analyst estimates of $195.24 million. MTS Systems had a net margin of 3.18% and a return on equity of 10.32%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 earnings per share. analysts forecast that MTS Systems Corporation will post 2.28 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.15%. The ex-dividend date is Friday, December 15th. MTS Systems’s dividend payout ratio (DPR) is 91.60%.

A number of equities analysts have recently weighed in on MTSC shares. FBR & Co reissued a “buy” rating on shares of MTS Systems in a research report on Tuesday, October 10th. Zacks Investment Research lowered shares of MTS Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Finally, B. Riley reissued a “buy” rating on shares of MTS Systems in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. MTS Systems presently has a consensus rating of “Hold” and a consensus price target of $65.50.

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About MTS Systems

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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Institutional Ownership by Quarter for MTS Systems (NASDAQ:MTSC)

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