Comerica Bank boosted its position in shares of MTS Systems Co. (NASDAQ:MTSC) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,896 shares of the company’s stock after buying an additional 965 shares during the period. Comerica Bank’s holdings in MTS Systems were worth $1,044,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan boosted its position in MTS Systems by 2.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the company’s stock worth $168,000 after buying an additional 80 shares during the last quarter. Arizona State Retirement System boosted its position in MTS Systems by 1.2% in the third quarter. Arizona State Retirement System now owns 8,653 shares of the company’s stock worth $398,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in MTS Systems by 1.4% in the third quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the company’s stock worth $341,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund boosted its position in MTS Systems by 1.3% in the third quarter. Texas Permanent School Fund now owns 12,703 shares of the company’s stock worth $585,000 after buying an additional 161 shares during the last quarter. Finally, Mosaic Family Wealth LLC boosted its position in MTS Systems by 10.7% in the third quarter. Mosaic Family Wealth LLC now owns 3,085 shares of the company’s stock worth $142,000 after buying an additional 298 shares during the last quarter. 99.96% of the stock is owned by institutional investors.
MTS Systems Co. (NASDAQ:MTSC) opened at 53.70 on Friday. The stock’s 50 day moving average is $55.20 and its 200 day moving average is $52.49. MTS Systems Co. has a 12 month low of $41.53 and a 12 month high of $62.27. The company has a market cap of $895.39 million, a PE ratio of 26.08 and a beta of 1.54.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Monday, March 20th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Thursday, March 16th. MTS Systems’s dividend payout ratio (DPR) is currently 58.54%.
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A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. set a $61.00 price objective on shares of MTS Systems and gave the company a “buy” rating in a research report on Sunday, December 18th. Zacks Investment Research raised shares of MTS Systems from a “sell” rating to a “hold” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $58.75.
About MTS Systems
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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