Morgan Stanley lowered its position in shares of MTS Systems Corporation (NASDAQ:MTSC) by 24.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,347 shares of the scientific and technical instruments company’s stock after selling 18,213 shares during the period. Morgan Stanley owned about 0.34% of MTS Systems Corporation worth $3,102,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in MTSC. 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 worth $101,000 after buying an additional 50 shares in the last quarter. Mosaic Family Wealth LLC increased its position 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 worth $175,000 after buying an additional 91 shares during the period. BNP Paribas Arbitrage SA increased its position 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 worth $195,000 after buying an additional 384 shares during the period. Dubuque Bank & Trust Co. purchased a new position in MTS Systems Corporation during the first quarter worth $203,000. Finally, Mason Street Advisors LLC increased its position 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 worth $215,000 after buying an additional 255 shares during the period.
MTS Systems Corporation (NASDAQ:MTSC) traded up 0.21% on Monday, hitting $46.85. The company’s stock had a trading volume of 5,956 shares. MTS Systems Corporation has a 12 month low of $41.53 and a 12 month high of $59.00. The firm has a market cap of $794.34 million, a price-to-earnings ratio of 35.85 and a beta of 1.29. The firm has a 50 day moving average of $51.42 and a 200 day moving average of $52.38.
MTS Systems Corporation (NASDAQ:MTSC) last posted its quarterly earnings data on Monday, August 7th. The scientific and technical instruments company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $193.03 million. During the same period in the previous year, the firm posted $0.78 earnings per share. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. Equities research analysts forecast that MTS Systems Corporation will post $2.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 18th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.57%. MTS Systems Corporation’s payout ratio is currently 91.60%.
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A number of research analysts have weighed in on MTSC shares. BidaskClub downgraded MTS Systems Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded MTS Systems Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $55.67.
In related news, insider David Hore acquired 10,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of $48.20 per share, for a total transaction of $482,000.00. Following the completion of the purchase, the insider now owns 15,000 shares of the company’s stock, valued at approximately $723,000. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey A. Graves sold 23,820 shares of MTS Systems Corporation stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $54.10, for a total transaction of $1,288,662.00. Following the sale, the insider now owns 50,514 shares of the company’s stock, valued at $2,732,807.40. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
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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