Prudential Financial Inc. reduced its position in MTS Systems Co. (NASDAQ:MTSC) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,852 shares of the scientific and technical instruments company’s stock after selling 280 shares during the quarter. Prudential Financial Inc. owned about 0.16% of MTS Systems worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in MTS Systems by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 943,097 shares of the scientific and technical instruments company’s stock valued at $37,847,000 after purchasing an additional 69,717 shares in the last quarter. Clearbridge Investments LLC increased its holdings in MTS Systems by 0.6% in the 1st quarter. Clearbridge Investments LLC now owns 463,414 shares of the scientific and technical instruments company’s stock valued at $25,238,000 after purchasing an additional 2,881 shares in the last quarter. Wells Fargo & Company MN increased its holdings in MTS Systems by 6.3% in the 2nd quarter. Wells Fargo & Company MN now owns 384,709 shares of the scientific and technical instruments company’s stock valued at $22,517,000 after purchasing an additional 22,690 shares in the last quarter. Walthausen & Co. LLC acquired a new stake in MTS Systems in the 1st quarter valued at $6,279,000. Finally, Dean Investment Associates LLC increased its holdings in MTS Systems by 44.5% in the 1st quarter. Dean Investment Associates LLC now owns 109,141 shares of the scientific and technical instruments company’s stock valued at $5,944,000 after purchasing an additional 33,615 shares in the last quarter. 99.14% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ MTSC traded up $0.94 during trading hours on Thursday, hitting $57.15. The company had a trading volume of 512 shares, compared to its average volume of 94,129. MTS Systems Co. has a fifty-two week low of $38.42 and a fifty-two week high of $63.31. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 2.37 and a beta of 1.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.89 and a quick ratio of 1.22. The firm’s 50 day moving average is $57.91 and its 200 day moving average is $56.11.

MTS Systems (NASDAQ:MTSC) last announced its earnings results on Monday, August 5th. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.07. The company had revenue of $232.20 million during the quarter, compared to the consensus estimate of $211.96 million. MTS Systems had a return on equity of 10.77% and a net margin of 5.66%. The company’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. On average, equities analysts anticipate that MTS Systems Co. will post 2.4 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.10%. MTS Systems’s dividend payout ratio is presently 36.59%.

Several analysts recently issued reports on MTSC shares. BidaskClub downgraded MTS Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. ValuEngine downgraded MTS Systems from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $58.00.

About MTS Systems

MTS Systems Corporation supplies test systems and sensors in the Americas, Europe, and Asia. The company's Test segment offers road simulators and component test systems, vehicle performance test systems, vehicle dynamics simulators, electrical motors and energy recovery systems, tire performance and rolling resistance measurement systems, and moving ground-plane systems and balances.

Featured Story: Leveraged Buyout (LBO) Explained

Want to see what other hedge funds are holding MTSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MTS Systems Co. (NASDAQ:MTSC).

Institutional Ownership by Quarter for MTS Systems (NASDAQ:MTSC)

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