Financiere des Professionnels Fonds d investissement inc. Purchases 13,307 Shares of Cognex Corporation $CGNX

Financiere des Professionnels Fonds d investissement inc. grew its position in Cognex Corporation (NASDAQ:CGNX) by 82.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,389 shares of the scientific and technical instruments company’s stock after purchasing an additional 13,307 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Cognex were worth $1,440,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CGNX. State of Michigan Retirement System grew its position in Cognex by 0.5% in the 1st quarter. State of Michigan Retirement System now owns 39,853 shares of the scientific and technical instruments company’s stock worth $1,952,000 after purchasing an additional 200 shares in the last quarter. Personal CFO Solutions LLC lifted its position in shares of Cognex by 3.2% during the 1st quarter. Personal CFO Solutions LLC now owns 6,793 shares of the scientific and technical instruments company’s stock worth $333,000 after buying an additional 212 shares in the last quarter. World Investment Advisors lifted its position in shares of Cognex by 3.7% during the 1st quarter. World Investment Advisors now owns 6,073 shares of the scientific and technical instruments company’s stock worth $298,000 after buying an additional 214 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Cognex by 1.0% in the 4th quarter. Quadrant Capital Group LLC now owns 22,907 shares of the scientific and technical instruments company’s stock worth $824,000 after buying an additional 234 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Cognex by 12.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,132 shares of the scientific and technical instruments company’s stock worth $68,000 after buying an additional 243 shares during the last quarter. 88.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CGNX has been the subject of several recent analyst reports. UBS Group set a $75.00 target price on Cognex in a report on Tuesday, May 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cognex in a report on Friday, May 15th. Needham & Company LLC boosted their price objective on Cognex from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. upgraded Cognex from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $65.00 to $75.00 in a research note on Tuesday, May 26th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $75.00 target price on shares of Cognex in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Cognex has a consensus rating of “Moderate Buy” and an average target price of $72.31.

Insider Activity

In related news, VP Darren Marc Long sold 20,252 shares of Cognex stock in a transaction that occurred on 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 completion of the transaction, the vice president directly owned 3,990 shares in the company, valued at approximately $264,696.60. The trade was a 83.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Fennell sold 64,873 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $67.05, for a total transaction of $4,349,734.65. Following the sale, the insider directly owned 11,263 shares in the company, valued at $755,184.15. The trade was a 85.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 224,847 shares of company stock valued at $14,975,098 over the last quarter. Company insiders own 1.70% of the company’s stock.

Cognex Stock Performance

CGNX stock opened at $64.07 on Friday. The stock has a fifty day moving average of $65.23 and a 200-day moving average of $54.41. Cognex Corporation has a fifty-two week low of $33.45 and a fifty-two week high of $72.88. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 76.27 and a beta of 1.49.

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

Cognex Announces Dividend

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

About Cognex

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.