Cognex Corporation (CGNX) To Go Ex-Dividend on May 21st

Cognex Corporation (NASDAQ:CGNX) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.085 per share by the scientific and technical instruments company on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, May 21st.

Cognex has decreased its dividend by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 10 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 $1.22 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 27.9%.

Cognex Stock Performance

Shares of Cognex stock opened at $66.13 on Friday. Cognex has a 52 week low of $28.56 and a 52 week high of $71.90. The stock has a 50 day moving average price of $52.67 and a two-hundred day moving average price of $45.20. The stock has a market capitalization of $11.04 billion, a PE ratio of 78.72 and a beta of 1.48.

Cognex (NASDAQ:CGNX) last announced its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. Cognex had a return on equity of 10.86% and a net margin of 13.62%.The firm had revenue of $268.44 million during the quarter, compared to analysts’ expectations of $245.98 million. During the same quarter last year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. Research analysts forecast that Cognex will post 0.97 EPS for the current year.

Insider Buying and Selling

In related news, Director Angelos Papadimitriou sold 4,150 shares of Cognex stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $55.58, for a total transaction of $230,657.00. Following the sale, the director directly owned 16,222 shares in the company, valued at approximately $901,618.76. This trade represents a 20.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Willett sold 177,052 shares of Cognex stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $58.39, for a total value of $10,338,066.28. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 196,083 shares of company stock worth $11,419,321. 1.70% of the stock is owned by company insiders.

Institutional Trading of Cognex

A number of hedge funds have recently bought and sold shares of CGNX. Quent Capital LLC bought a new stake in Cognex during the third quarter worth $26,000. REAP Financial Group LLC bought a new stake in Cognex during the third quarter worth $27,000. Geneos Wealth Management Inc. lifted its holdings in Cognex by 402.2% during the first quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 736 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in Cognex by 74.8% during the third quarter. CIBC Private Wealth Group LLC now owns 764 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 327 shares during the period. Finally, Cassaday & Co Wealth Management LLC bought a new stake in Cognex during the first quarter worth $36,000. 88.12% of the stock is currently owned by institutional investors.

About Cognex

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.