Canada Pension Plan Investment Board Takes $6.25 Million Position in Cognex Corporation $CGNX

Key Points

• Canada Pension Plan Investment Board purchased 86,300 Cognex shares worth approximately $6.25 million, giving it a 0.05% stake; institutional investors collectively own 88.12% of the company.
• Analysts maintain a generally positive outlook, with Cognex receiving a consensus “Moderate Buy” rating and an average price target of $75.64, versus a recent share price of $60.46.
• Cognex exceeded quarterly EPS expectations and reported 16.9% year-over-year revenue growth, while declaring a quarterly dividend of $0.085 per share, equal to a 0.6% annualized yield.

Canada Pension Plan Investment Board purchased a new position in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 86,300 shares of the scientific and technical instruments company's stock, valued at approximately $6,250,000. Canada Pension Plan Investment Board owned about 0.05% of Cognex as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CGNX. State of Michigan Retirement System boosted its stake in Cognex by 0.5% during the 1st quarter. State of Michigan Retirement System now owns 39,853 shares of the scientific and technical instruments company's stock valued at $1,952,000 after purchasing an additional 200 shares during the period. Personal CFO Solutions LLC increased its stake in shares of Cognex by 3.2% in the first quarter. Personal CFO Solutions LLC now owns 6,793 shares of the scientific and technical instruments company's stock valued at $333,000 after purchasing an additional 212 shares during the period. World Investment Advisors raised its holdings in shares of Cognex by 3.7% during the first quarter. World Investment Advisors now owns 6,073 shares of the scientific and technical instruments company's stock valued at $298,000 after buying an additional 214 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Cognex by 1.0% during the fourth quarter. Quadrant Capital Group LLC now owns 22,907 shares of the scientific and technical instruments company's stock valued at $824,000 after buying an additional 234 shares during the last quarter. Finally, Essential Partners LLC boosted its position in shares of Cognex by 12.5% during the first quarter. Essential Partners LLC now owns 2,153 shares of the scientific and technical instruments company's stock worth $105,000 after buying an additional 239 shares during the period. 88.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Stephens increased their price objective on Cognex from $65.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. JPMorgan Chase & Co. upgraded Cognex from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $65.00 to $75.00 in a research report on Tuesday, May 26th. Needham & Company LLC increased their price target on Cognex from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Truist Financial raised their price target on Cognex from $71.00 to $78.00 and gave the company a "hold" rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $91.00 price objective on shares of Cognex in a research note on Friday, August 7th. Two equities research 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 stock. According to MarketBeat, Cognex presently has an average rating of "Moderate Buy" and a consensus target price of $75.64.

Cognex Price Performance

Shares of NASDAQ:CGNX opened at $60.46 on Monday. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of 58.70 and a beta of 1.49. Cognex Corporation has a 12 month low of $34.60 and a 12 month high of $72.88. The stock's 50 day moving average price is $64.43 and its 200 day moving average price is $59.57.

Cognex (NASDAQ:CGNX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.03. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The firm had revenue of $291.26 million during the quarter, compared to analyst estimates of $292.10 million. During the same period last year, the company posted $0.25 EPS. The firm's quarterly revenue was up 16.9% on a year-over-year basis. 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, sell-side analysts expect that Cognex Corporation will post 1.68 EPS for the current year.

Cognex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a $0.085 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.34 annualized dividend and a dividend yield of 0.6%. Cognex's payout ratio is currently 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.

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