Public Employees Retirement System of Ohio Buys Shares of 53,231 Cognex Corporation $CGNX

Public Employees Retirement System of Ohio purchased a new position in shares of Cognex Corporation (NASDAQ:CGNX) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 53,231 shares of the scientific and technical instruments company’s stock, valued at approximately $3,855,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Cognex in the second quarter worth $1,158,123,000. Northwestern Mutual Wealth Management Co. grew its position in Cognex by 173,138.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,477,448 shares of the scientific and technical instruments company’s stock valued at $376,979,000 after purchasing an additional 10,471,400 shares in the last quarter. Jupiter Topco LLC acquired a new stake in Cognex in the 2nd quarter valued at $161,425,000. Norges Bank bought a new stake in Cognex during the 4th quarter worth about $73,103,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Cognex during the 4th quarter worth about $68,388,000. 88.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CGNX shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Cognex in a research report on Thursday, May 7th. Weiss Ratings raised Cognex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. UBS Group set a $75.00 price objective on Cognex in a research note on Tuesday, May 26th. Truist Financial increased their price objective on Cognex from $71.00 to $78.00 and gave the company a “hold” rating in a report on Friday, August 7th. Finally, Seaport Research Partners set a $75.00 target price on shares of Cognex in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.64.

Cognex Stock Up 1.4%

CGNX opened at $60.79 on Friday. Cognex Corporation has a 12-month low of $34.60 and a 12-month high of $72.88. The business has a 50 day moving average of $64.03 and a 200-day moving average of $59.83. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 59.02 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last posted 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. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The business had revenue of $291.26 million for the quarter, compared to analyst estimates of $292.10 million. During the same period in the previous year, the firm earned $0.25 EPS. The firm’s revenue was up 16.9% compared to the same quarter last year. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. As a group, analysts expect that Cognex Corporation will post 1.68 earnings per share for the current year.

Cognex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were given a $0.085 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.34 annualized dividend and a dividend yield of 0.6%. Cognex’s dividend 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.