Cognex Co. (NASDAQ:CGNX) – Equities research analysts at Northcoast Research upped their FY2017 earnings estimates for shares of Cognex in a research report issued to clients and investors on Thursday. Northcoast Research analyst T. Hayes now anticipates that the scientific and technical instruments company will post earnings of $1.39 per share for the year, up from their prior forecast of $1.39. Northcoast Research also issued estimates for Cognex’s Q4 2017 earnings at $0.25 EPS, Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.37 EPS and Q3 2018 earnings at $0.45 EPS.

Cognex (NASDAQ:CGNX) last issued its earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Cognex had a return on equity of 23.31% and a net margin of 34.77%. The company had revenue of $259.74 million during the quarter, compared to the consensus estimate of $255.95 million. During the same period in the previous year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 75.6% compared to the same quarter last year.

CGNX has been the subject of several other reports. Zacks Investment Research downgraded Cognex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. JPMorgan Chase & Co. downgraded Cognex from a “neutral” rating to an “underweight” rating and set a $62.50 price target for the company. in a research note on Wednesday, November 8th. Robert W. Baird boosted their price target on Cognex from $50.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. BidaskClub downgraded Cognex from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Canaccord Genuity boosted their price target on Cognex from $47.50 to $60.00 and gave the company a “hold” rating in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $60.17.

Cognex (CGNX) opened at $61.16 on Monday. Cognex has a one year low of $31.18 and a one year high of $72.99. The company has a market capitalization of $10,591.26, a P/E ratio of 45.14 and a beta of 1.50.

In other Cognex news, Director Jeffrey Benjamin Miller sold 7,500 shares of Cognex stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $124.23, for a total value of $931,725.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Willett sold 100,000 shares of Cognex stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $127.19, for a total value of $12,719,000.00. Following the completion of the transaction, the chief executive officer now directly owns 100,000 shares of the company’s stock, valued at $12,719,000. The disclosure for this sale can be found here. Insiders sold a total of 143,750 shares of company stock valued at $18,540,975 over the last ninety days. Insiders own 5.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Huntington National Bank raised its holdings in shares of Cognex by 67.3% during the 3rd quarter. Huntington National Bank now owns 1,367 shares of the scientific and technical instruments company’s stock worth $151,000 after buying an additional 550 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Cognex during the 3rd quarter worth $214,000. Coldstream Capital Management Inc. acquired a new position in shares of Cognex during the 3rd quarter worth $203,000. Empirical Finance LLC acquired a new position in shares of Cognex during the 3rd quarter worth $209,000. Finally, Wealthsource Partners LLC acquired a new position in shares of Cognex during the 3rd quarter worth $212,000. 42.10% of the stock is owned by institutional investors.

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Cognex Company Profile

Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company operates through the machine vision technology segment. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process.

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