Northwestern Mutual Wealth Management Co. Has $2.86 Million Position in Cognex Corporation $CGNX

Northwestern Mutual Wealth Management Co. raised its holdings in Cognex Corporation (NASDAQ:CGNX) by 53.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,491 shares of the scientific and technical instruments company’s stock after buying an additional 13,785 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cognex were worth $2,860,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Cognex in the 2nd quarter valued at $26,000. Geneos Wealth Management Inc. raised its position in shares of 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 valued at $27,000 after buying an additional 736 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Cognex in the second quarter valued at about $32,000. Transamerica Financial Advisors LLC bought a new stake in shares of Cognex in the second quarter valued at about $32,000. Finally, Elevation Wealth Partners LLC grew its position in Cognex by 635.4% during the second quarter. Elevation Wealth Partners LLC now owns 478 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 413 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Cognex Price Performance

CGNX opened at $62.25 on Friday. The stock has a market capitalization of $10.47 billion, a P/E ratio of 60.44 and a beta of 1.49. The company’s 50 day simple moving average is $63.94 and its 200-day simple moving average is $59.85. Cognex Corporation has a one year low of $34.60 and a one year high of $72.88.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. The firm had revenue of $291.26 million for the quarter, compared to the consensus estimate of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. As a group, analysts anticipate that Cognex Corporation will post 1.68 EPS for the current year.

Cognex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 20th. Cognex’s dividend payout ratio (DPR) is 33.01%.

Analysts Set New Price Targets

Several equities analysts have commented on CGNX shares. Seaport Research Partners set a $75.00 price target on Cognex in a report on Tuesday, May 26th. JPMorgan Chase & Co. raised shares of Cognex from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $65.00 to $75.00 in a research report on Tuesday, May 26th. Zacks Research raised Cognex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Weiss Ratings raised Cognex from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, DA Davidson set a $65.00 target price on shares of Cognex and gave the stock a “neutral” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cognex currently has a consensus rating of “Moderate Buy” and an average price target of $75.64.

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.