MTS Systems Corp. (NASDAQ:MTSC) declared a quarterly dividend on Tuesday, November 15th. Investors of record on Monday, December 19th will be paid a dividend of 0.30 per share on Tuesday, January 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.27%.

MTS Systems Corp. (NASDAQ:MTSC) opened at 52.75 on Wednesday. MTS Systems Corp. has a 52 week low of $41.53 and a 52 week high of $65.17. The firm has a market cap of $879.55 million, a price-to-earnings ratio of 25.62 and a beta of 1.50. The company has a 50-day moving average of $46.50 and a 200-day moving average of $47.12.

Dividend History for MTS Systems Corp. (NASDAQ:MTSC)

Several analysts recently commented on the stock. Zacks Investment Research raised shares of MTS Systems Corp. from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, October 18th. Sidoti raised shares of MTS Systems Corp. from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Thursday, October 13th. Wells Fargo & Co. assumed coverage on shares of MTS Systems Corp. in a research report on Wednesday, August 17th. They set a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $54.00 price objective on shares of MTS Systems Corp. in a research report on Wednesday, July 20th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $57.00.

Several hedge funds have recently made changes to their positions in the stock. American International Group Inc. increased its stake in shares of MTS Systems Corp. by 0.3% in the third quarter. American International Group Inc. now owns 11,340 shares of the company’s stock worth $522,000 after buying an additional 35 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of MTS Systems Corp. by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 37,870 shares of the company’s stock worth $1,660,000 after buying an additional 178 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of MTS Systems Corp. by 3.2% in the second quarter. Nationwide Fund Advisors now owns 9,878 shares of the company’s stock worth $433,000 after buying an additional 304 shares during the last quarter. Arizona State Retirement System increased its stake in shares of MTS Systems Corp. by 13.2% in the second quarter. Arizona State Retirement System now owns 8,553 shares of the company’s stock worth $375,000 after buying an additional 1,000 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its stake in shares of MTS Systems Corp. by 8.6% in the second quarter. State of Tennessee Treasury Department now owns 13,120 shares of the company’s stock worth $575,000 after buying an additional 1,035 shares during the last quarter. 97.10% of the stock is currently owned by hedge funds and other institutional investors.

MTS Systems Corp. Company Profile

MTS Systems Corporation (MTS) is a global supplier of test systems and position sensors. The Company’s operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segment’s testing hardware, software and services solutions help customers improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures.

5 Day Chart for NASDAQ:MTSC

Receive News & Stock Ratings for MTS Systems Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTS Systems Corp. and related stocks with our FREE daily email newsletter.