Bank of New York Mellon Corp Invests $7.04 Million in Vishay Precision Group, Inc. $VPG

Key Points

• Bank of New York Mellon initiated a $7.04 million position in Vishay Precision Group, purchasing 46,976 shares, or approximately 0.35% of the company. Institutional investors collectively own 87.61% of VPG.
• Vishay Precision Group’s latest quarterly results fell short of expectations, with earnings of $0.04 per share versus the $0.19 consensus estimate and revenue of $83.94 million versus $87.44 million expected.
• Analyst sentiment is mixed, resulting in an overall “Hold” rating and an average price target of $82.33; ratings range from Buy to Sell.

Bank of New York Mellon Corp bought a new position in Vishay Precision Group, Inc. (NYSE:VPG - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 46,976 shares of the scientific and technical instruments company's stock, valued at approximately $7,042,000. Bank of New York Mellon Corp owned 0.35% of Vishay Precision Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VPG. Russell Investments Group Ltd. increased its stake in Vishay Precision Group by 826.7% during the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company's stock worth $36,000 after acquiring an additional 992 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Vishay Precision Group by 1,180.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company's stock worth $39,000 after purchasing an additional 944 shares during the period. Strs Ohio purchased a new stake in shares of Vishay Precision Group during the 1st quarter worth about $39,000. Kestra Advisory Services LLC acquired a new stake in Vishay Precision Group during the 4th quarter worth approximately $51,000. Finally, Optiver Holding B.V. increased its position in Vishay Precision Group by 1,195.3% during the 1st quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company's stock worth $60,000 after purchasing an additional 1,267 shares in the last quarter. Institutional investors and hedge funds own 87.61% of the company's stock.

Vishay Precision Group Stock Up 2.1%

Shares of NYSE:VPG opened at $62.62 on Friday. The company has a quick ratio of 2.72, a current ratio of 4.15 and a debt-to-equity ratio of 0.05. Vishay Precision Group, Inc. has a 52-week low of $27.74 and a 52-week high of $151.78. The company has a 50 day moving average of $90.95 and a two-hundred day moving average of $80.85. The company has a market capitalization of $834.10 million, a price-to-earnings ratio of 208.74, a price-to-earnings-growth ratio of 5.20 and a beta of 1.42.

Vishay Precision Group (NYSE:VPG - Get Free Report) last posted its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.15). The firm had revenue of $83.94 million for the quarter, compared to analyst estimates of $87.44 million. Vishay Precision Group had a return on equity of 1.77% and a net margin of 1.20%. As a group, analysts forecast that Vishay Precision Group, Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VPG has been the subject of several research reports. Zacks Research downgraded shares of Vishay Precision Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. Lake Street Capital raised their target price on shares of Vishay Precision Group from $54.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, May 13th. B. Riley Financial reduced their target price on shares of Vishay Precision Group from $109.00 to $105.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Weiss Ratings cut shares of Vishay Precision Group from a "hold (c)" rating to a "sell (d+)" rating in a research report on Tuesday, August 18th. Finally, Wall Street Zen downgraded Vishay Precision Group from a "buy" rating to a "sell" rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $82.33.

Vishay Precision Group Profile

Vishay Precision Group NYSE: VPG specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.

The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.

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