State of Tennessee Treasury Department continued to hold its position in shares of MTS Systems Corporation (NASDAQ:MTSC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,452 shares of the scientific and technical instruments company’s stock at the close of the 2nd quarter. State of Tennessee Treasury Department owned approximately 0.09% of MTS Systems Corporation worth $800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Good Life Advisors LLC increased its stake in shares of MTS Systems Corporation by 0.7% in the 2nd quarter. Good Life Advisors LLC now owns 4,281 shares of the scientific and technical instruments company’s stock valued at $219,000 after buying an additional 31 shares during the period. Crawford Investment Counsel Inc. increased its stake in shares of MTS Systems Corporation by 8.8% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 54,580 shares of the scientific and technical instruments company’s stock valued at $2,827,000 after buying an additional 4,400 shares during the period. Stanley Laman Group Ltd. increased its stake in shares of MTS Systems Corporation by 1.8% in the 2nd quarter. Stanley Laman Group Ltd. now owns 12,390 shares of the scientific and technical instruments company’s stock valued at $642,000 after buying an additional 219 shares during the period. Victory Capital Management Inc. increased its stake in shares of MTS Systems Corporation by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 14,859 shares of the scientific and technical instruments company’s stock valued at $770,000 after buying an additional 1,110 shares during the period. Finally, Mosaic Family Wealth LLC increased its stake in shares of MTS Systems Corporation by 5.8% in the 2nd quarter. Mosaic Family Wealth LLC now owns 3,361 shares of the scientific and technical instruments company’s stock valued at $174,000 after buying an additional 185 shares during the period.

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Several research firms have recently commented on MTSC. FBR & Co reissued an “outperform” rating on shares of MTS Systems Corporation in a research note on Tuesday, July 11th. BidaskClub cut MTS Systems Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research cut 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 issued a buy rating to the company. MTS Systems Corporation has a consensus rating of “Hold” and an average price target of $55.67.

Shares of MTS Systems Corporation (NASDAQ MTSC) opened at 53.80 on Thursday. MTS Systems Corporation has a 52 week low of $41.53 and a 52 week high of $59.00. The firm has a market capitalization of $912.18 million, a PE ratio of 41.16 and a beta of 1.27. The company’s 50 day moving average price is $48.73 and its 200-day moving average price is $51.05.

MTS Systems Corporation (NASDAQ:MTSC) last announced its quarterly earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.10. The company had revenue of $194.00 million during the quarter, compared to analysts’ expectations of $193.03 million. MTS Systems Corporation had a return on equity of 12.49% and a net margin of 3.13%. MTS Systems Corporation’s revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. On average, equities research analysts expect that MTS Systems Corporation will post $2.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.23%. MTS Systems Corporation’s payout ratio is 91.60%.

In related news, insider William C. Becker acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average cost of $46.40 per share, for a total transaction of $185,600.00. Following the completion of the acquisition, the insider now directly owns 4,000 shares of the company’s stock, valued at approximately $185,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David Hore acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average price of $48.20 per share, with a total value of $482,000.00. Following the completion of the acquisition, the insider now directly owns 15,000 shares of the company’s stock, valued at $723,000. The disclosure for this purchase can be found here. Insiders purchased 20,000 shares of company stock valued at $951,560 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

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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