MTS Systems Corporation (NASDAQ:MTSC) Announces $0.30 Quarterly Dividend

MTS Systems Corporation (NASDAQ:MTSC) announced a quarterly dividend on Tuesday, August 1st, Wall Street Journal reports. Investors of record on Monday, September 18th will be given a dividend of 0.30 per share by the scientific and technical instruments company on Monday, October 2nd. This represents a $1.20 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Friday, September 15th.

MTS Systems Corporation (NASDAQ MTSC) traded up 0.11% during midday trading on Friday, hitting $46.75. The company had a trading volume of 55,306 shares. The stock has a market cap of $792.65 million, a PE ratio of 35.77 and a beta of 1.29. MTS Systems Corporation has a 52-week low of $41.53 and a 52-week high of $59.00. The stock’s 50-day moving average price is $51.42 and its 200-day moving average price is $52.38.

MTS Systems Corporation (NASDAQ:MTSC) last posted its earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.10. MTS Systems Corporation had a return on equity of 12.49% and a net margin of 3.13%. The firm had revenue of $194 million for the quarter, compared to analyst estimates of $193.03 million. During the same quarter in the prior year, the company earned $0.78 EPS. MTS Systems Corporation’s revenue was up 23.0% on a year-over-year basis. On average, equities research analysts expect that MTS Systems Corporation will post $2.14 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “MTS Systems Corporation (NASDAQ:MTSC) Announces $0.30 Quarterly Dividend” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at

A number of equities research analysts recently issued reports on MTSC shares. Zacks Investment Research raised MTS Systems Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 17th. FBR & Co reissued an “outperform” rating on shares of MTS Systems Corporation in a research note on Tuesday, July 11th. Finally, BidaskClub lowered MTS Systems Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $55.67.

In other MTS Systems Corporation news, insider Jeffrey A. Graves sold 1,426 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $54.40, for a total transaction of $77,574.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey A. Graves sold 23,820 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $54.10, for a total value of $1,288,662.00. Following the transaction, the insider now directly owns 50,514 shares in the company, valued at approximately $2,732,807.40. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.

Dividend History for MTS Systems Corporation (NASDAQ:MTSC)

What are top analysts saying about MTS Systems Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for MTS Systems Corporation and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit