Teachers Retirement System of The State of Kentucky continued to hold its position in shares of MTS Systems Corporation (NASDAQ:MTSC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,400 shares of the scientific and technical instruments company’s stock at the end of the 2nd quarter. Teachers Retirement System of The State of Kentucky’s holdings in MTS Systems Corporation were worth $228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTSC. Karp Capital Management Corp acquired a new stake in shares of MTS Systems Corporation during the first quarter worth $238,000. Parametric Portfolio Associates LLC increased its position in shares of MTS Systems Corporation by 2.3% during the first quarter. Parametric Portfolio Associates LLC now owns 34,818 shares of the scientific and technical instruments company’s stock worth $1,917,000 after buying an additional 796 shares during the period. Arizona State Retirement System increased its position in shares of MTS Systems Corporation by 1.2% during the first quarter. Arizona State Retirement System now owns 8,653 shares of the scientific and technical instruments company’s stock worth $476,000 after buying an additional 100 shares during the period. OppenheimerFunds Inc. increased its position in shares of MTS Systems Corporation by 25.0% during the first quarter. OppenheimerFunds Inc. now owns 8,164 shares of the scientific and technical instruments company’s stock worth $449,000 after buying an additional 1,633 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of MTS Systems Corporation by 2.4% during the first quarter. Principal Financial Group Inc. now owns 130,701 shares of the scientific and technical instruments company’s stock worth $7,195,000 after buying an additional 3,110 shares during the period.

In related news, insider William C. Becker acquired 4,000 shares of the firm’s stock in a transaction 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 acquisition, the insider now owns 4,000 shares of the company’s stock, valued at $185,600. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey A. Graves acquired 1,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $48.31 per share, with a total value of $48,310.00. The disclosure for this purchase can be found here. Insiders acquired a total of 20,000 shares of company stock valued at $951,560 over the last 90 days. Company insiders own 1.80% of the company’s stock.

MTSC has been the subject of several recent analyst reports. FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a research report on Tuesday, July 11th. Zacks Investment Research cut shares of MTS Systems Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, BidaskClub cut shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $61.00.

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Shares of MTS Systems Corporation (NASDAQ:MTSC) opened at 52.60 on Friday. The stock’s 50 day moving average is $51.95 and its 200 day moving average is $50.95. The firm has a market capitalization of $891.83 million, a PE ratio of 40.24 and a beta of 1.28. MTS Systems Corporation has a 52-week low of $44.65 and a 52-week high of $59.00.

MTS Systems Corporation (NASDAQ:MTSC) last issued 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 $194.00 million during the quarter, compared to analyst estimates of $193.03 million. During the same period in the prior year, the business earned $0.78 EPS. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. On average, equities research analysts forecast that MTS Systems Corporation will post $2.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 18th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.20 annualized dividend and a yield of 2.28%. MTS Systems Corporation’s dividend payout ratio (DPR) is presently 91.60%.

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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