Sanctuary Advisors LLC Acquires Shares of 9,310 Cognex Corporation $CGNX

Sanctuary Advisors LLC purchased a new position in Cognex Corporation (NASDAQ:CGNX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,310 shares of the scientific and technical instruments company’s stock, valued at approximately $674,000.

Other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Cognex during the 2nd quarter worth approximately $7,674,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Cognex in the second quarter worth about $279,000. Bank of Nova Scotia bought a new position in shares of Cognex during the second quarter valued at approximately $432,000. Commerce Bank bought a new position in Cognex in the second quarter worth approximately $958,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Cognex during the second quarter worth $2,860,000. Institutional investors own 88.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on CGNX shares. Cantor Fitzgerald increased their price target on shares of Cognex from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Wall Street Zen downgraded Cognex from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Sanford C. Bernstein restated an “outperform” rating and set a $75.00 price objective on shares of Cognex in a research note on Thursday, May 7th. UBS Group set a $75.00 price target on Cognex in a research report on Tuesday, May 26th. Finally, Stephens raised their price objective on shares of Cognex from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.64.

Cognex Stock Down 4.0%

Cognex stock opened at $60.46 on Friday. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 58.70 and a beta of 1.49. Cognex Corporation has a 52-week low of $34.60 and a 52-week high of $72.88. The company has a fifty day simple moving average of $64.43 and a 200-day simple moving average of $59.46.

Cognex (NASDAQ:CGNX) last released its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The business had revenue of $291.26 million for the quarter, compared to analyst estimates of $292.10 million. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The business’s revenue was up 16.9% on a year-over-year basis. During the same period last year, the company posted $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. On average, research analysts anticipate that Cognex Corporation will post 1.68 EPS for the current fiscal year.

Cognex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 20th. Cognex’s payout ratio is presently 33.01%.

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.