Financiere des Professionnels Fonds d investissement inc. Buys 13,307 Shares of Cognex Corporation $CGNX

Financiere des Professionnels Fonds d investissement inc. grew its stake in shares of Cognex Corporation (NASDAQ:CGNX) by 82.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 29,389 shares of the scientific and technical instruments company’s stock after acquiring an additional 13,307 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Cognex were worth $1,440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC boosted its position in shares of Cognex by 74.8% in the third quarter. CIBC Private Wealth Group LLC now owns 764 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 327 shares during the period. Geneos Wealth Management Inc. increased its holdings in Cognex by 402.2% during the 1st 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. Caitong International Asset Management Co. Ltd bought a new stake in Cognex during the 4th quarter worth approximately $39,000. Miller Global Investments LLC bought a new stake in Cognex during the 4th quarter worth approximately $39,000. Finally, Larson Financial Group LLC lifted its stake in Cognex by 202.7% in the 4th quarter. Larson Financial Group LLC now owns 1,105 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 740 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Cognex from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $65.00 to $75.00 in a research report on Tuesday, May 26th. Robert W. Baird set a $72.00 price objective on Cognex in a research report on Friday, May 8th. Wall Street Zen raised Cognex from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barclays restated an “overweight” rating and set a $75.00 target price (up from $64.00) on shares of Cognex in a research report on Monday, May 11th. Finally, UBS Group set a $75.00 target price on Cognex in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.31.

Cognex Trading Up 0.3%

Shares of NASDAQ CGNX opened at $64.07 on Friday. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 76.27 and a beta of 1.49. Cognex Corporation has a 1-year low of $33.45 and a 1-year high of $72.88. The stock’s 50-day moving average is $65.23 and its 200 day moving average is $54.41.

Cognex (NASDAQ:CGNX) last issued its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. The business had revenue of $268.44 million during the quarter, compared to analyst estimates of $245.98 million. Cognex had a return on equity of 10.89% and a net margin of 13.62%.Cognex’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. On average, analysts forecast that Cognex Corporation will post 1.48 EPS for the current fiscal year.

Cognex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, May 21st. Cognex’s payout ratio is presently 40.48%.

Insider Transactions at Cognex

In other news, VP Laura Ann Macdonald sold 41,600 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $65.56, for a total value of $2,727,296.00. Following the completion of the sale, the vice president owned 5,258 shares of the company’s stock, valued at approximately $344,714.48. This represents a 88.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Darren Marc Long sold 20,252 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $66.34, for a total transaction of $1,343,517.68. Following the transaction, the vice president directly owned 3,990 shares in the company, valued at approximately $264,696.60. This represents a 83.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 224,847 shares of company stock worth $14,975,098. 1.70% of the stock is currently owned by insiders.

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.