State of Tennessee Treasury Department Has $604,000 Position in MTS Systems Corporation (MTSC)

State of Tennessee Treasury Department Has $604,000 Position in MTS Systems Corporation (MTSC)

State of Tennessee Treasury Department maintained its stake in shares of MTS Systems Corporation (NASDAQ:MTSC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,120 shares of the company’s stock at the end of the third quarter. State of Tennessee Treasury Department owned about 0.08% of MTS Systems Corporation worth $604,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of MTS Systems Corporation by 80.0% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,464 shares of the company’s stock valued at $804,000 after buying an additional 7,764 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of MTS Systems Corporation during the third quarter valued at approximately $146,000. Ameriprise Financial Inc. boosted its stake in shares of MTS Systems Corporation by 8.7% in the third quarter. Ameriprise Financial Inc. now owns 317,020 shares of the company’s stock valued at $14,593,000 after buying an additional 25,342 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of MTS Systems Corporation during the third quarter valued at approximately $617,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of MTS Systems Corporation by 2.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the company’s stock valued at $168,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 97.10% of the company’s stock.

Shares of MTS Systems Corporation (NASDAQ:MTSC) traded up 0.60% during trading on Friday, reaching $58.75. 133,005 shares of the company traded hands. The stock has a market capitalization of $979.60 million, a PE ratio of 28.53 and a beta of 1.58. The firm has a 50 day moving average of $57.24 and a 200 day moving average of $50.36. MTS Systems Corporation has a 52 week low of $41.53 and a 52 week high of $62.27.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Monday, December 19th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, December 15th. MTS Systems Corporation’s payout ratio is 58.54%.

MTSC has been the topic of a number of research reports. Zacks Investment Research upgraded shares of MTS Systems Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 12th. Sidoti upgraded shares of MTS Systems Corporation from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Thursday, October 13th. Finally, J P Morgan Chase & Co set a $61.00 target price on shares of MTS Systems Corporation and gave the stock a “buy” rating in a report on Sunday, December 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $58.75.

MTS Systems Corporation Company Profile

MTS Systems Corporation (MTS) is a global supplier of test systems and position sensors. The Company’s operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segment’s testing hardware, software and services solutions help customers improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures.

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