Suntrust Banks Inc. raised its holdings in shares of MTS Systems Corporation (NASDAQ:MTSC) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,473 shares of the scientific and technical instruments company’s stock after acquiring an additional 486 shares during the quarter. Suntrust Banks Inc. owned approximately 0.05% of MTS Systems Corporation worth $437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of MTSC. SG Americas Securities LLC purchased a new position in shares of MTS Systems Corporation during the 2nd quarter worth $110,000. State of Alaska Department of Revenue boosted its stake in shares of MTS Systems Corporation by 78.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,304 shares of the scientific and technical instruments company’s stock worth $171,000 after acquiring an additional 1,454 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of MTS Systems Corporation by 5.8% during the 2nd quarter. Mosaic Family Wealth LLC now owns 3,361 shares of the scientific and technical instruments company’s stock worth $174,000 after acquiring an additional 185 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of MTS Systems Corporation by 12.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,535 shares of the scientific and technical instruments company’s stock worth $195,000 after acquiring an additional 384 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its stake in shares of MTS Systems Corporation by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 3,899 shares of the scientific and technical instruments company’s stock worth $215,000 after acquiring an additional 255 shares during the last quarter.

MTS Systems Corporation (NASDAQ:MTSC) opened at 54.10 on Thursday. The stock has a market cap of $917.27 million, a PE ratio of 41.39 and a beta of 1.28. MTS Systems Corporation has a 52 week low of $41.53 and a 52 week high of $59.00. The stock’s 50 day moving average is $50.45 and its 200 day moving average is $50.99.

MTS Systems Corporation (NASDAQ:MTSC) last released its quarterly earnings data on Monday, August 7th. The scientific and technical instruments company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.46 by $0.10. The business had revenue of $194.00 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. Analysts predict that MTS Systems Corporation will post $2.14 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 18th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Friday, September 15th. MTS Systems Corporation’s dividend payout ratio (DPR) is currently 91.60%.

Several brokerages have recently weighed in on MTSC. FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a research note on Tuesday, July 11th. BidaskClub cut shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research cut shares of MTS Systems Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. 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 company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $58.00.

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In other news, insider David Hore purchased 10,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were purchased 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 owns 15,000 shares of the company’s stock, valued at approximately $723,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey A. Graves purchased 1,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $48.31 per share, for a total transaction of $48,310.00. The disclosure for this purchase can be found here. Insiders bought a total of 20,000 shares of company stock worth $951,560 over the last ninety days. Insiders own 1.80% of the company’s stock.

MTS Systems Corporation 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.

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

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