Cognex Corporation $CGNX Holdings Boosted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Cognex Corporation (NASDAQ:CGNX) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,227,288 shares of the scientific and technical instruments company’s stock after acquiring an additional 11,927 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Cognex were worth $135,085,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Cognex during the second quarter worth $26,000. Mather Group LLC. boosted its holdings in Cognex by 81.3% in the 3rd quarter. Mather Group LLC. now owns 446 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Rakuten Securities Inc. acquired a new position in shares of Cognex during the 2nd quarter worth approximately $32,000. Transamerica Financial Advisors LLC acquired a new position in shares of Cognex during the 2nd quarter worth approximately $32,000. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Cognex by 635.4% during the second quarter. Elevation Wealth Partners LLC now owns 478 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 413 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

Cognex Trading Up 0.5%

Shares of Cognex stock opened at $56.41 on Tuesday. The company has a market cap of $9.49 billion, a PE ratio of 54.77 and a beta of 1.48. The company has a 50 day moving average of $59.79 and a 200-day moving average of $57.81. Cognex Corporation has a 1-year low of $34.60 and a 1-year high of $72.88.

Cognex (NASDAQ:CGNX) last announced its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The business had revenue of $291.26 million for the quarter, compared to analysts’ expectations of $292.10 million. During the same period last year, the firm posted $0.25 earnings per share. The firm’s quarterly 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. Research analysts forecast that Cognex Corporation will post 1.68 earnings per share for the current year.

Cognex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were issued a $0.0850 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th. Cognex’s dividend payout ratio (DPR) is currently 33.01%.

Analyst Ratings Changes

A number of equities analysts have commented on CGNX shares. Wall Street Zen lowered Cognex from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Barclays upped their target price on Cognex from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. HSBC lowered Cognex from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Monday, August 10th. DA Davidson restated a “neutral” rating and issued a $65.00 price target on shares of Cognex in a research report on Wednesday, September 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 price target on shares of Cognex in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Cognex presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.57.

Cognex Profile

Cognex Corporation develops machine vision and industrial identification technologies that help manufacturers and businesses automate inspection, measurement, guidance, and tracking processes. Its systems use cameras, sensors, software, and artificial intelligence to analyze images and identify products, defects, components, and other objects.

The company’s product portfolio includes vision systems, industrial cameras, vision sensors, barcode readers, optical character recognition tools, three-dimensional vision systems, and machine vision software.