MTS Systems Corporation(NASDAQ:MTSC) Declares Dividend of $0.3000.

MTS Systems Corporation (NASDAQ:MTSC) had declared a cash dividend of $0.3000 on Jul 28, 2016. The shares will quote ex-dividend on Sep 15, 2016 and the record date has been fixed for Sep 19, 2016. On Jul 28, 2016 share price, the yield comes out to be 2.5147%. The dividend payable date has been fixed on Oct 3, 2016.

In a different note, JP Morgan said it Initiates Coverage on MTS Systems Corporation, according to a research note issued on Jun 23, 2016. The shares have been rated ‘Overweight’ by the firm.

MTS Systems Corporation (MTSC) made into the market gainers list on Thursdays trading session with the shares advancing 0.13% or 0.06 points. Due to strong positive momentum, the stock ended at $46.63, which is also near the day’s high of $47.16. The stock began the session at $46.74 and the volume stood at 1,46,574 shares. The 52-week high of the shares is $68.28 and the 52 week low is $41.68. The company has a current market capitalization of $688 M and it has 1,47,53,051 shares in outstanding.

MTS Systems Corporation(MTSC) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $137.10M. Analysts had an estimated revenue of $144.03M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.70.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, Chun Hung Yu (director) purchased 2,000 shares at $47.44 per share price.Also, On Apr 8, 2016, Jeffrey A Graves (CEO) purchased 322 shares at $51.83 per share price.On Aug 27, 2015, David D Johnson (director) purchased 5,000 shares at $60.33 per share price, according to the Form-4 filing with the securities and exchange commission.

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. Test also sells a range of accessories and spare parts as well as services including installation calibration maintenance training and consulting. MTS’ sensors segment provides controls for a range of industrial and vehicular applications. The segment’s customer industries include manufacturers of plastic injection molding machines steel mills fluid power oil and gas medical wood product processing equipment mobile equipment and energy.

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