Montanaro Asset Management Ltd Sells 29,990 Shares of Cognex Corporation $CGNX

Montanaro Asset Management Ltd lowered its position in Cognex Corporation (NASDAQ:CGNX) by 21.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 110,212 shares of the scientific and technical instruments company’s stock after selling 29,990 shares during the period. Montanaro Asset Management Ltd owned 0.07% of Cognex worth $3,496,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in Cognex by 148.5% in the second quarter. Nordea Investment Management AB now owns 7,075,772 shares of the scientific and technical instruments company’s stock worth $223,594,000 after acquiring an additional 4,228,729 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Cognex by 32.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,082,319 shares of the scientific and technical instruments company’s stock worth $181,436,000 after acquiring an additional 1,474,832 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Cognex by 126.2% in the first quarter. Mackenzie Financial Corp now owns 4,609,802 shares of the scientific and technical instruments company’s stock worth $137,510,000 after acquiring an additional 2,571,457 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Cognex by 34.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,539,557 shares of the scientific and technical instruments company’s stock worth $75,756,000 after acquiring an additional 647,955 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Cognex by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 2,131,538 shares of the scientific and technical instruments company’s stock worth $63,584,000 after acquiring an additional 38,857 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Insider Buying and Selling at Cognex

In other news, EVP Sheila Marie Dipalma sold 2,002 shares of Cognex stock in a transaction on Friday, September 5th. The stock was sold at an average price of $45.00, for a total value of $90,090.00. Following the completion of the transaction, the executive vice president directly owned 8,582 shares in the company, valued at approximately $386,190. The trade was a 18.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Willett sold 6,704 shares of Cognex stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $49.51, for a total value of $331,915.04. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 10,706 shares of company stock valued at $512,065. 1.60% of the stock is owned by company insiders.

Cognex Price Performance

NASDAQ:CGNX opened at $41.39 on Monday. The company has a market capitalization of $6.95 billion, a P/E ratio of 64.67 and a beta of 1.50. Cognex Corporation has a 1 year low of $22.67 and a 1 year high of $49.76. The business has a fifty day simple moving average of $45.30 and a two-hundred day simple moving average of $37.15.

Cognex (NASDAQ:CGNX) last announced its quarterly earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.06. The company had revenue of $276.89 million during the quarter, compared to analysts’ expectations of $261.86 million. Cognex had a return on equity of 8.26% and a net margin of 11.33%.The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. Cognex has set its Q4 2025 guidance at 0.190-0.24 EPS. As a group, analysts anticipate that Cognex Corporation will post 0.61 earnings per share for the current year.

Cognex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Thursday, November 13th will be given a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 0.8%. This is a boost from Cognex’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, November 13th. Cognex’s dividend payout ratio (DPR) is presently 53.13%.

Wall Street Analyst Weigh In

CGNX has been the topic of several recent research reports. Truist Financial set a $45.00 price target on Cognex and gave the stock a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of Cognex in a report on Wednesday, October 8th. JPMorgan Chase & Co. started coverage on Cognex in a report on Monday, September 15th. They issued a “neutral” rating and a $45.00 target price on the stock. Citigroup restated 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. Finally, Needham & Company LLC raised their target price on Cognex from $45.00 to $47.00 and gave the company a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.00.

Cognex 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.