Copeland Capital Management LLC Sells 14,548 Shares of Cognex Corporation $CGNX

Copeland Capital Management LLC lowered its stake in shares of Cognex Corporation (NASDAQ:CGNX) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,393,446 shares of the scientific and technical instruments company’s stock after selling 14,548 shares during the quarter. Cognex makes up approximately 1.5% of Copeland Capital Management LLC’s holdings, making the stock its 16th biggest holding. Copeland Capital Management LLC owned about 0.83% of Cognex worth $68,265,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. State of Michigan Retirement System boosted its holdings in Cognex by 0.5% in the first 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 acquiring an additional 200 shares during the last quarter. Personal CFO Solutions LLC increased its stake in 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 in the last quarter. World Investment Advisors increased its stake in Cognex by 3.7% in 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 purchasing an additional 214 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Cognex by 1.0% in the fourth quarter. Quadrant Capital Group LLC now owns 22,907 shares of the scientific and technical instruments company’s stock worth $824,000 after purchasing an additional 234 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Cognex by 12.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,132 shares of the scientific and technical instruments company’s stock worth $68,000 after purchasing an additional 243 shares in the last quarter. 88.12% of the stock is owned by institutional investors.

Insider Transactions at Cognex

In other news, VP Darren Marc Long sold 20,252 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $66.34, for a total value of $1,343,517.68. Following the sale, the vice president directly owned 3,990 shares of the company’s stock, valued at approximately $264,696.60. This represents a 83.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Laura Ann Macdonald sold 98,122 shares of Cognex stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $66.80, for a total value of $6,554,549.60. Following the transaction, the vice president owned 5,258 shares of the company’s stock, valued at $351,234.40. The trade was a 94.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 224,847 shares of company stock worth $14,975,098 in the last ninety days. Insiders own 1.70% of the company’s stock.

Cognex Stock Performance

Shares of NASDAQ CGNX opened at $64.07 on Friday. The stock has a 50 day moving average price of $65.23 and a 200 day moving average price of $54.41. Cognex Corporation has a 52 week low of $33.45 and a 52 week high of $72.88. The stock has a market capitalization of $10.66 billion, a PE ratio of 76.27 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.09. Cognex had a return on equity of 10.89% and a net margin of 13.62%.The firm had revenue of $268.44 million for the quarter, compared to analyst estimates of $245.98 million. During the same quarter in the previous year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 24.3% on a year-over-year basis. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. As a group, research analysts forecast that Cognex Corporation will post 1.48 EPS for the current year.

Cognex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.085 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.34 annualized dividend and a dividend yield of 0.5%. Cognex’s payout ratio is currently 40.48%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays reaffirmed an “overweight” rating and issued a $75.00 price target (up from $64.00) on shares of Cognex in a research note on Monday, May 11th. Zacks Research raised shares of Cognex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. Sanford C. Bernstein reiterated an “outperform” rating and set a $75.00 target price on shares of Cognex in a report on Thursday, May 7th. UBS Group set a $75.00 price target on Cognex in a research note on Tuesday, May 26th. Finally, Wall Street Zen raised Cognex from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.31.

Cognex 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.