Cognex Corporation (CGNX) To Go Ex-Dividend on February 26th

Cognex Corporation (NASDAQ:CGNX) announced a quarterly dividend on Wednesday, February 11th. Stockholders of record on Thursday, February 26th will be given a dividend of 0.085 per share by the scientific and technical instruments company on Thursday, March 12th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, February 26th.

Cognex has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 10 consecutive years. Cognex has a dividend payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cognex to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 39.1%.

Cognex Trading Up 36.3%

Shares of CGNX opened at $58.67 on Friday. Cognex has a 1-year low of $22.67 and a 1-year high of $59.88. The firm’s 50-day moving average price is $39.03 and its 200-day moving average price is $41.31. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 87.57 and a beta of 1.53.

Cognex (NASDAQ:CGNX) last issued its quarterly earnings data on Wednesday, February 11th. The scientific and technical instruments company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $252.34 million during the quarter, compared to analyst estimates of $238.92 million. Cognex had a net margin of 11.51% and a return on equity of 9.03%. Cognex’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $0.16 earnings per share. On average, research analysts forecast that Cognex will post 0.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CGNX has been the topic of several research reports. KeyCorp restated an “overweight” rating on shares of Cognex in a research report on Friday. Robert W. Baird set a $45.00 target price on shares of Cognex in a report on Friday, October 31st. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Cognex in a research report on Thursday. DA Davidson set a $38.00 price target on shares of Cognex and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group raised shares of Cognex from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $50.00 in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.07.

Cognex Company Profile

Cognex Corporation is a leading provider of machine vision systems, software, sensors and industrial barcode readers used to automate manufacturing, logistics and distribution processes. The company designs and develops vision-based products that help manufacturers and logistics operators inspect, identify and guide parts, assemblies and packaged goods in real time. Its solutions are applied in a broad range of industries, including automotive, electronics, semiconductor, pharmaceutical, food and beverage, and general manufacturing.

The company’s product portfolio includes stand-alone vision systems, vision sensors and deep learning-based software platforms that enable automated inspection, quality control and traceability.