Bank of Montreal Can Has $1.79 Million Stake in MTS Systems Corporation (MTSC)
Bank of Montreal Can raised its position in MTS Systems Corporation (NASDAQ:MTSC) by 1.9% during the second quarter, Holdings Channel reports. The institutional investor owned 34,587 shares of the scientific and technical instruments company’s stock after buying an additional 660 shares during the period. Bank of Montreal Can’s holdings in MTS Systems Corporation were worth $1,792,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. State of Alaska Department of Revenue raised 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 in the last quarter. Mosaic Family Wealth LLC raised its stake in MTS Systems Corporation by 2.9% in the first quarter. Mosaic Family Wealth LLC now owns 3,176 shares of the scientific and technical instruments company’s stock valued at $175,000 after buying an additional 91 shares during the period. BNP Paribas Arbitrage SA raised its stake in MTS Systems Corporation by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,535 shares of the scientific and technical instruments company’s stock valued at $195,000 after buying an additional 384 shares during the period. Dubuque Bank & Trust Co. purchased a new stake in MTS Systems Corporation during the first quarter valued at approximately $203,000. Finally, Mason Street Advisors LLC raised its stake in MTS Systems Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,899 shares of the scientific and technical instruments company’s stock valued at $215,000 after buying an additional 255 shares during the period.
MTS Systems Corporation (NASDAQ:MTSC) traded up 1.97% during midday trading on Monday, reaching $49.15. 12,557 shares of the company’s stock traded hands. The firm has a market cap of $833.34 million, a PE ratio of 37.61 and a beta of 1.29. The firm’s 50-day moving average is $51.97 and its 200 day moving average is $52.76. MTS Systems Corporation has a 52-week low of $41.53 and a 52-week high of $59.00.
MTS Systems Corporation (NASDAQ:MTSC) last issued its earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.10. The business had revenue of $194 million during the quarter, compared to analysts’ expectations of $193.03 million. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. Equities research analysts expect that MTS Systems Corporation will post $2.14 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.20 annualized dividend and a yield of 2.49%. MTS Systems Corporation’s dividend payout ratio (DPR) is presently 91.60%.
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Several research firms have commented on MTSC. FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of MTS Systems Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 17th. BidaskClub lowered shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, TheStreet lowered shares of MTS Systems Corporation from a “b-” rating to a “c” rating in a research note on Monday, April 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. MTS Systems Corporation presently has an average rating of “Hold” and an average price target of $55.67.
In other news, insider Jeffrey A. Graves sold 1,426 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $54.40, for a total transaction of $77,574.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Hore acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were bought at an average cost of $48.20 per share, with a total value of $482,000.00. Following the completion of the acquisition, the insider now directly owns 15,000 shares of the company’s stock, valued at $723,000. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by insiders.
MTS Systems Corporation 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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