Blue Trust Inc. Grows Stock Position in Cognex Corporation $CGNX

Blue Trust Inc. lifted its stake in shares of Cognex Corporation (NASDAQ:CGNX) by 32.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,818 shares of the scientific and technical instruments company’s stock after purchasing an additional 450 shares during the quarter. Blue Trust Inc.’s holdings in Cognex were worth $58,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CGNX. Teacher Retirement System of Texas raised its position in Cognex by 51.3% in the first quarter. Teacher Retirement System of Texas now owns 48,640 shares of the scientific and technical instruments company’s stock worth $1,451,000 after acquiring an additional 16,489 shares in the last quarter. GAMMA Investing LLC raised its position in Cognex by 155.3% in the first quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company’s stock worth $32,000 after acquiring an additional 646 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in Cognex by 7.4% in the first quarter. OneDigital Investment Advisors LLC now owns 7,698 shares of the scientific and technical instruments company’s stock worth $230,000 after acquiring an additional 532 shares in the last quarter. Scientech Research LLC raised its position in Cognex by 93.8% in the first quarter. Scientech Research LLC now owns 29,828 shares of the scientific and technical instruments company’s stock worth $890,000 after acquiring an additional 14,434 shares in the last quarter. Finally, Pallas Capital Advisors LLC purchased a new position in Cognex in the second quarter worth $535,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Insider Activity at Cognex

In related news, EVP Sheila Marie Dipalma sold 2,000 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $45.03, for a total transaction of $90,060.00. Following the transaction, the executive vice president directly owned 6,582 shares in the company, valued at approximately $296,387.46. This represents a 23.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CGNX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Cognex in a research report on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on Cognex in a research report on Monday, September 15th. They issued a “neutral” rating and a $45.00 price objective for the company. Citigroup reissued a “neutral” rating and issued a $37.00 target price (up previously from $30.00) on shares of Cognex in a report on Monday, July 14th. UBS Group upped their target price on Cognex from $53.00 to $58.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, DA Davidson upped their target price on Cognex from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.93.

Cognex Stock Down 0.6%

CGNX opened at $46.04 on Friday. The firm has a market cap of $7.73 billion, a P/E ratio of 64.85 and a beta of 1.50. Cognex Corporation has a 52 week low of $22.67 and a 52 week high of $47.52. The business’s fifty day simple moving average is $44.62 and its 200 day simple moving average is $35.46.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings data on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $249.09 million for the quarter, compared to analyst estimates of $246.70 million. Cognex had a return on equity of 6.65% and a net margin of 13.13%.The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. As a group, equities analysts expect that Cognex Corporation will post 0.61 EPS for the current fiscal year.

Cognex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.7%. Cognex’s dividend payout ratio (DPR) is presently 45.07%.

Cognex Company Profile

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.