Bank of New York Mellon Corp lowered its holdings in MTS Systems Co. (NASDAQ:MTSC) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 269,287 shares of the scientific and technical instruments company’s stock after selling 4,714 shares during the period. Bank of New York Mellon Corp owned about 1.59% of MTS Systems worth $14,393,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in MTS Systems in the second quarter worth $110,000. Crossmark Global Holdings Inc. purchased a new position in MTS Systems in the third quarter worth $201,000. Wedbush Securities Inc. purchased a new position in MTS Systems in the third quarter worth $214,000. Virtu KCG Holdings LLC purchased a new position in MTS Systems in the second quarter worth $220,000. Finally, Good Life Advisors LLC boosted its position in MTS Systems by 0.7% in the second quarter. Good Life Advisors LLC now owns 4,281 shares of the scientific and technical instruments company’s stock worth $219,000 after purchasing an additional 31 shares during the last quarter. 97.88% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on MTSC shares. B. Riley set a $70.00 price objective on MTS Systems and gave the stock a “buy” rating in a research report on Monday, November 27th. FBR & Co reissued a “buy” rating on shares of MTS Systems in a research report on Tuesday, October 10th. Finally, Zacks Investment Research raised MTS Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $65.50.

Shares of MTS Systems Co. (MTSC) opened at $54.95 on Thursday. The stock has a market capitalization of $973.30, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 2.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.85 and a quick ratio of 1.33. MTS Systems Co. has a one year low of $44.65 and a one year high of $59.00.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be paid a $0.30 dividend. The ex-dividend date is Friday, December 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.18%. MTS Systems’s payout ratio is presently 91.60%.

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

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