MTS Systems Co. (NASDAQ:MTSC) Announces Quarterly Dividend of $0.30

MTS Systems Co. (NASDAQ:MTSC) announced a quarterly dividend on Tuesday, November 12th, Zacks reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.30 per share by the scientific and technical instruments company on Monday, December 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, December 13th.

MTS Systems has a payout ratio of 49.2% meaning its dividend is sufficiently covered by earnings.

Shares of MTS Systems stock traded up $0.35 during trading on Wednesday, reaching $46.64. The company’s stock had a trading volume of 6,795 shares, compared to its average volume of 117,612. MTS Systems has a 52-week low of $38.42 and a 52-week high of $63.31. The company has a market cap of $889.63 million, a price-to-earnings ratio of 19.12, a PEG ratio of 1.99 and a beta of 1.24. The firm’s 50-day moving average is $54.71 and its two-hundred day moving average is $55.97. The company has a quick ratio of 1.13, a current ratio of 1.79 and a debt-to-equity ratio of 1.00.

MTS Systems (NASDAQ:MTSC) last announced its quarterly earnings data on Monday, November 25th. The scientific and technical instruments company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). MTS Systems had a net margin of 4.83% and a return on equity of 9.78%. The business had revenue of $224.08 million during the quarter, compared to analysts’ expectations of $218.07 million. During the same period last year, the company posted $0.61 EPS. MTS Systems’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities research analysts anticipate that MTS Systems will post 2.38 EPS for the current year.

In other news, Director Chun Hung Yu purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $46.50 per share, for a total transaction of $46,500.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Graves purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average price of $46.40 per share, with a total value of $92,800.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 46,880 shares of company stock valued at $1,247,219 over the last quarter. 2.10% of the stock is currently owned by company insiders.

A number of equities research analysts have recently issued reports on the stock. BidaskClub cut shares of MTS Systems from a “hold” rating to a “sell” rating in a research note on Saturday, November 23rd. ValuEngine raised shares of MTS Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, Sidoti cut shares of MTS Systems from a “buy” rating to a “neutral” rating and cut their price objective for the company from $69.00 to $60.00 in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. MTS Systems has a consensus rating of “Hold” and a consensus price target of $58.67.

MTS Systems Company Profile

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.

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Dividend History for MTS Systems (NASDAQ:MTSC)

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