Cognex Corporation (CGNX) to Issue Quarterly Dividend of $0.09 on June 4th

Cognex Corporation (NASDAQ:CGNX) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Thursday, May 21st will be given a dividend of 0.085 per share by the scientific and technical instruments company on Thursday, June 4th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, May 21st.

Cognex has decreased its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 10 consecutive years. Cognex has a payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cognex to earn $1.63 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 20.9%.

Cognex Price Performance

CGNX opened at $61.90 on Tuesday. The stock has a market capitalization of $10.30 billion, a PE ratio of 73.69 and a beta of 1.48. The firm’s fifty day moving average price is $54.18 and its 200 day moving average price is $46.05. Cognex has a 12-month low of $29.00 and a 12-month high of $71.90.

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 (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.09. The firm had revenue of $268.44 million for the quarter, compared to analysts’ expectations of $245.98 million. Cognex had a net margin of 13.62% and a return on equity of 10.89%. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. On average, equities research analysts forecast that Cognex will post 1.4 earnings per share for the current fiscal year.

Insider Transactions at Cognex

In other news, insider Mark Fennell sold 64,873 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 11,263 shares in the company, valued at approximately $755,184.15. This represents a 85.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Angelos Papadimitriou sold 4,150 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $55.58, for a total transaction of $230,657.00. Following the transaction, the director owned 16,222 shares of the company’s stock, valued at $901,618.76. This represents a 20.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 208,745 shares of company stock worth $13,862,237. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Cognex

Several institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC grew its position in shares of Cognex by 81.0% during the first quarter. Janus Henderson Group PLC now owns 2,660,411 shares of the scientific and technical instruments company’s stock worth $130,320,000 after acquiring an additional 1,190,434 shares during the last quarter. Bull Harbor Capital LLC bought a new position in shares of Cognex during the first quarter worth about $230,000. EverSource Wealth Advisors LLC grew its position in Cognex by 29.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,888 shares of the scientific and technical instruments company’s stock valued at $190,000 after buying an additional 888 shares in the last quarter. California State Teachers Retirement System grew its position in Cognex by 21.4% in the 1st quarter. California State Teachers Retirement System now owns 193,978 shares of the scientific and technical instruments company’s stock valued at $9,503,000 after buying an additional 34,183 shares in the last quarter. Finally, Electron Capital Partners LLC grew its position in Cognex by 4.2% in the 1st quarter. Electron Capital Partners LLC now owns 888,614 shares of the scientific and technical instruments company’s stock valued at $43,533,000 after buying an additional 35,630 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

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.