Hillsdale Investment Management Inc. Invests $389,000 in Vishay Precision Group, Inc. $VPG

Hillsdale Investment Management Inc. bought a new position in shares of Vishay Precision Group, Inc. (NYSE:VPG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,100 shares of the scientific and technical instruments company’s stock, valued at approximately $389,000. Hillsdale Investment Management Inc. owned approximately 0.08% of Vishay Precision Group as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VPG. Invesco Ltd. grew its holdings in shares of Vishay Precision Group by 11.7% during the second quarter. Invesco Ltd. now owns 26,353 shares of the scientific and technical instruments company’s stock worth $741,000 after buying an additional 2,763 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Vishay Precision Group by 4.3% during the second quarter. First Trust Advisors LP now owns 39,578 shares of the scientific and technical instruments company’s stock worth $1,112,000 after buying an additional 1,615 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Vishay Precision Group during the second quarter worth $338,000. Sei Investments Co. purchased a new stake in shares of Vishay Precision Group during the second quarter worth $218,000. Finally, Quantinno Capital Management LP grew its holdings in shares of Vishay Precision Group by 56.4% during the second quarter. Quantinno Capital Management LP now owns 31,389 shares of the scientific and technical instruments company’s stock worth $882,000 after buying an additional 11,324 shares in the last quarter. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VPG. Weiss Ratings cut shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. B. Riley Financial boosted their price target on shares of Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Wall Street Zen raised shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research raised shares of Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Lake Street Capital boosted their price target on shares of Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $83.67.

Vishay Precision Group Stock Up 0.6%

Shares of VPG opened at $126.10 on Tuesday. The stock has a market capitalization of $1.68 billion, a PE ratio of 280.23, a P/E/G ratio of 6.43 and a beta of 1.45. Vishay Precision Group, Inc. has a 1 year low of $24.89 and a 1 year high of $131.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.97 and a current ratio of 4.47. The company’s 50-day simple moving average is $69.15 and its 200-day simple moving average is $51.36.

Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $84.35 million for the quarter, compared to analysts’ expectations of $77.08 million. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. Analysts forecast that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current fiscal year.

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.