Municipal Employees Retirement System of Michigan raised its position in shares of MTS Systems Corporation (NASDAQ:MTSC) by 48.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,650 shares of the scientific and technical instruments company’s stock after buying an additional 1,850 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in MTS Systems Corporation were worth $293,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of MTS Systems Corporation by 2.6% in the first quarter. Bank of Montreal Can now owns 33,927 shares of the scientific and technical instruments company’s stock valued at $1,868,000 after buying an additional 865 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of MTS Systems Corporation by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the scientific and technical instruments company’s stock valued at $374,000 after buying an additional 100 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of 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 valued at $101,000 after buying an additional 50 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of MTS Systems Corporation by 150.0% in the first quarter. Nationwide Fund Advisors now owns 26,169 shares of the scientific and technical instruments company’s stock valued at $1,441,000 after buying an additional 15,701 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of MTS Systems Corporation by 5.9% in the first quarter. Great West Life Assurance Co. Can now owns 23,400 shares of the scientific and technical instruments company’s stock valued at $1,287,000 after buying an additional 1,313 shares during the last quarter.

Shares of MTS Systems Corporation (NASDAQ:MTSC) opened at 47.90 on Thursday. The stock’s 50 day moving average is $50.76 and its 200-day moving average is $51.98. MTS Systems Corporation has a 12-month low of $41.53 and a 12-month high of $59.00. The company has a market capitalization of $812.14 million, a P/E ratio of 36.65 and a beta of 1.29.

MTS Systems Corporation (NASDAQ:MTSC) last released 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 Zacks’ consensus estimate of $0.46 by $0.10. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. The business had revenue of $194 million during the quarter, compared to analyst estimates of $193.03 million. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. Analysts anticipate that MTS Systems Corporation will post $2.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 18th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Friday, September 15th. MTS Systems Corporation’s payout ratio is 91.60%.

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MTSC has been the subject of several analyst reports. FBR & Co reissued an “outperform” rating on shares of MTS Systems Corporation in a report on Tuesday, July 11th. Zacks Investment Research raised shares of MTS Systems Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 17th. Finally, BidaskClub downgraded shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. MTS Systems Corporation currently has an average rating of “Hold” and a consensus target price of $55.67.

In other MTS Systems Corporation news, insider David Hore bought 5,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was acquired at an average price of $47.13 per share, with a total value of $235,650.00. Following the completion of the acquisition, the insider now directly owns 20,977 shares of the company’s stock, valued at $988,646.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William C. Becker bought 4,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average cost of $46.40 per share, with a total value of $185,600.00. Following the acquisition, the insider now directly owns 4,000 shares of the company’s stock, valued at $185,600. The disclosure for this purchase can be found here. Insiders have bought 20,000 shares of company stock valued at $951,560 in the last ninety days. Insiders own 1.50% of the company’s stock.

About MTS Systems Corporation

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 Corporation (NASDAQ:MTSC)

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