MTS Systems Co. (MTSC) Shares Bought by White Pine Capital LLC
White Pine Capital LLC boosted its stake in shares of MTS Systems Co. (NASDAQ:MTSC) by 14.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 54,190 shares of the scientific and technical instruments company’s stock after buying an additional 6,990 shares during the period. MTS Systems makes up approximately 1.1% of White Pine Capital LLC’s holdings, making the stock its 12th biggest holding. White Pine Capital LLC’s holdings in MTS Systems were worth $2,910,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Landscape Capital Management L.L.C. acquired a new stake in MTS Systems during the 4th quarter worth approximately $201,000. Geode Capital Management LLC raised its holdings in MTS Systems by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 151,680 shares of the scientific and technical instruments company’s stock worth $8,145,000 after buying an additional 1,932 shares during the period. Pacific Ridge Capital Partners LLC acquired a new stake in MTS Systems during the 4th quarter worth approximately $338,000. Martingale Asset Management L P raised its holdings in MTS Systems by 11.0% during the 4th quarter. Martingale Asset Management L P now owns 33,403 shares of the scientific and technical instruments company’s stock worth $1,794,000 after buying an additional 3,301 shares during the period. Finally, BlackRock Inc. raised its holdings in MTS Systems by 2.5% during the 4th quarter. BlackRock Inc. now owns 2,201,945 shares of the scientific and technical instruments company’s stock worth $118,244,000 after buying an additional 53,456 shares during the period. Hedge funds and other institutional investors own 96.61% of the company’s stock.
Shares of MTS Systems Co. (MTSC) opened at $50.50 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.71 and a debt-to-equity ratio of 0.83. MTS Systems Co. has a fifty-two week low of $44.65 and a fifty-two week high of $57.50. The stock has a market cap of $897.89, a P/E ratio of 17.18, a PEG ratio of 2.13 and a beta of 1.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be issued a $0.30 dividend. The ex-dividend date is Friday, March 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.38%. MTS Systems’s dividend payout ratio (DPR) is presently 40.82%.
Several brokerages have commented on MTSC. B. Riley set a $70.00 target price on shares of MTS Systems and gave the stock a “buy” rating in a report on Monday, November 27th. Zacks Investment Research upgraded shares of MTS Systems from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, BidaskClub downgraded shares of MTS Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, January 13th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $62.00.
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MTS Systems 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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