Cognex Corporation (CGNX) to Issue Quarterly Dividend of $0.09 on September 3rd

Cognex Corporation (NASDAQ:CGNX) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, August 20th will be given a dividend of 0.085 per share by the scientific and technical instruments company on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, August 20th.

Cognex has decreased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 10 consecutive years. Cognex has a payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cognex to earn $1.73 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 19.7%.

Cognex Trading Down 4.7%

NASDAQ:CGNX opened at $67.38 on Friday. The stock has a 50-day moving average price of $64.99 and a 200 day moving average price of $57.09. The stock has a market capitalization of $11.21 billion, a P/E ratio of 65.42 and a beta of 1.49. Cognex has a 12-month low of $34.60 and a 12-month high of $72.88.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. Cognex had a return on equity of 13.82% and a net margin of 16.05%.The business had revenue of $291.26 million during the quarter, compared to the consensus estimate of $292.10 million. During the same period in the prior year, the company posted $0.25 EPS. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. On average, research analysts predict that Cognex will post 1.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $75.00 target price on shares of Cognex in a research report on Thursday, May 7th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $80.00 price target (up from $70.00) on shares of Cognex in a research note on Monday, May 11th. UBS Group set a $75.00 price objective on shares of Cognex in a research note on Tuesday, May 26th. Stephens upped their target price on shares of Cognex from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Robert W. Baird set a $72.00 price target on shares of Cognex in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.31.

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.