Northern Trust Corp Acquires 9,201 Shares of MTS Systems Corporation (MTSC)

Northern Trust Corp increased its holdings in shares of MTS Systems Corporation (NASDAQ:MTSC) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 270,288 shares of the scientific and technical instruments company’s stock after buying an additional 9,201 shares during the period. Northern Trust Corp owned about 1.61% of MTS Systems Corporation worth $14,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. increased its stake in MTS Systems Corporation by 114,721.5% during the 1st quarter. BlackRock Inc. now owns 2,148,311 shares of the scientific and technical instruments company’s stock worth $118,264,000 after buying an additional 2,146,440 shares during the period. Vanguard Group Inc. increased its stake in MTS Systems Corporation by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 1,518,170 shares of the scientific and technical instruments company’s stock worth $83,576,000 after buying an additional 75,693 shares during the period. Dimensional Fund Advisors LP increased its position in shares of MTS Systems Corporation by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 597,287 shares of the scientific and technical instruments company’s stock valued at $32,880,000 after purchasing an additional 54,307 shares during the last quarter. Denver Investment Advisors LLC increased its position in shares of MTS Systems Corporation by 46.7% in the 2nd quarter. Denver Investment Advisors LLC now owns 461,557 shares of the scientific and technical instruments company’s stock valued at $23,909,000 after purchasing an additional 146,953 shares during the last quarter. Finally, State Street Corp increased its position in shares of MTS Systems Corporation by 5.6% in the 1st quarter. State Street Corp now owns 394,381 shares of the scientific and technical instruments company’s stock valued at $21,722,000 after purchasing an additional 21,072 shares during the last quarter.

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MTS Systems Corporation (NASDAQ:MTSC) last announced its quarterly earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.10. The firm had revenue of $194.00 million for the quarter, compared to analysts’ expectations of $193.03 million. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. MTS Systems Corporation’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 earnings per share.

A number of equities research analysts have commented on MTSC shares. FBR & Co reissued an “outperform” rating on shares of MTS Systems Corporation in a research report on Tuesday, July 11th. Zacks Investment Research downgraded shares of MTS Systems Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, BidaskClub downgraded 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 given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $61.00.

In other news, insider William C. Becker acquired 4,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of $46.40 per share, for a total transaction of $185,600.00. Following the completion of the purchase, the insider now directly owns 4,000 shares of the company’s stock, valued at approximately $185,600. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David Hore acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $48.20 per share, for a total transaction of $482,000.00. Following the purchase, 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 have bought 20,000 shares of company stock worth $951,560 in the last quarter. Insiders own 1.80% 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.

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

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