Copeland Capital Management LLC Cuts Position in Cognex Corporation $CGNX

Key Points

• Copeland Capital Management LLC reduced its holdings in Cognex Corporation by 7.7% during the second quarter, owning 1,573,530 shares valued at approximately $49.9 million after selling 131,579 shares.
• Analysts have given Cognex a consensus rating of "Moderate Buy", with a price target of $43.07, and multiple analysts have recently adjusted their target prices upward, reflecting positive sentiment.
• Cognex recently announced a quarterly dividend of $0.08 per share, with an annual yield of 0.7%, reinforcing its commitment to returning value to shareholders.

Copeland Capital Management LLC lowered its holdings in Cognex Corporation (NASDAQ:CGNX - Free Report) by 7.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,573,530 shares of the scientific and technical instruments company's stock after selling 131,579 shares during the quarter. Copeland Capital Management LLC owned 0.94% of Cognex worth $49,912,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CGNX. Teacher Retirement System of Texas lifted its stake in shares of Cognex by 51.3% in the first quarter. Teacher Retirement System of Texas now owns 48,640 shares of the scientific and technical instruments company's stock valued at $1,451,000 after purchasing an additional 16,489 shares during the period. GAMMA Investing LLC lifted its position in shares of Cognex by 155.3% during the 1st quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company's stock valued at $32,000 after acquiring an additional 646 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of Cognex by 7.4% during the 1st quarter. OneDigital Investment Advisors LLC now owns 7,698 shares of the scientific and technical instruments company's stock worth $230,000 after acquiring an additional 532 shares in the last quarter. Scientech Research LLC grew its holdings in shares of Cognex by 93.8% in the 1st quarter. Scientech Research LLC now owns 29,828 shares of the scientific and technical instruments company's stock worth $890,000 after acquiring an additional 14,434 shares during the period. Finally, Brown Advisory Inc. purchased a new position in Cognex in the 1st quarter valued at approximately $369,000. 88.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on CGNX shares. Robert W. Baird boosted their target price on Cognex from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Citigroup reiterated a "neutral" rating and issued a $37.00 price objective (up from $30.00) on shares of Cognex in a research report on Monday, July 14th. Needham & Company LLC raised their target price on shares of Cognex from $36.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, July 31st. The Goldman Sachs Group lifted their target price on shares of Cognex from $36.00 to $40.00 and gave the stock a "sell" rating in a research report on Tuesday, September 16th. Finally, Melius upgraded shares of Cognex from a "hold" rating to a "buy" rating and set a $60.00 price target on the stock in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.07.

Insider Transactions at Cognex

In other Cognex news, EVP Sheila Marie Dipalma sold 2,000 shares of Cognex stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $45.03, for a total value of $90,060.00. Following the completion of the sale, the executive vice president owned 6,582 shares in the company, valued at $296,387.46. The trade was a 23.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company's stock.

Cognex Stock Performance

Shares of CGNX opened at $45.64 on Friday. Cognex Corporation has a 1 year low of $22.67 and a 1 year high of $47.52. The company's 50 day simple moving average is $43.10 and its 200 day simple moving average is $34.32. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 64.28 and a beta of 1.50.

Cognex (NASDAQ:CGNX - Get Free Report) last released its earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Cognex had a net margin of 13.13% and a return on equity of 6.65%. The firm had revenue of $249.09 million during the quarter, compared to analysts' expectations of $246.70 million. During the same period in the previous year, the company earned $0.23 EPS. Cognex's revenue for the quarter was up 4.2% on a year-over-year basis. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. Equities analysts expect that Cognex Corporation will post 0.61 EPS for the current fiscal year.

Cognex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.32 annualized dividend and a yield of 0.7%. Cognex's dividend payout ratio is 45.07%.

About Cognex

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.

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