MTS Systems Corporation (NASDAQ:MTSC) announced a quarterly dividend on Tuesday, November 14th, RTT News reports. Stockholders of record on Monday, December 18th will be paid a dividend of 0.30 per share by the scientific and technical instruments company on Tuesday, January 2nd. This represents a $1.20 annualized dividend and a dividend yield of 2.30%.
Shares of MTS Systems Corporation (MTSC) traded down $0.20 during trading hours on Tuesday, hitting $52.25. 65,700 shares of the stock traded hands, compared to its average volume of 94,173. The stock has a market cap of $889.32, a P/E ratio of 19.64, a PEG ratio of 2.14 and a beta of 1.25. The company has a quick ratio of 1.46, a current ratio of 2.06 and a debt-to-equity ratio of 1.05. MTS Systems Corporation has a twelve month low of $44.65 and a twelve month high of $59.00.
In other MTS Systems Corporation news, insider David Hore bought 5,000 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were acquired at an average cost of $47.13 per share, with a total value of $235,650.00. Following the acquisition, the insider now directly owns 20,977 shares of the company’s stock, valued at approximately $988,646.01. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider William C. Becker bought 4,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $185,600. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.
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Several analysts have recently weighed in on the stock. B. Riley restated a “buy” rating on shares of MTS Systems Corporation in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of MTS Systems Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub cut shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, FBR & Co reaffirmed a “buy” rating on shares of MTS Systems Corporation in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $61.00.
MTS Systems Corporation Company 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.
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