Cognex Corporation (NASDAQ:CGNX) Announces $0.09 Quarterly Dividend

Cognex Corporation (NASDAQ:CGNX) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.085 per share by the scientific and technical instruments company on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, August 20th.

Cognex has decreased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 10 years. Cognex has a payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Cognex to earn $1.73 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 19.7%.

Cognex Stock Down 1.1%

NASDAQ:CGNX opened at $70.71 on Thursday. The firm has a market capitalization of $11.77 billion, a price-to-earnings ratio of 84.18 and a beta of 1.49. Cognex has a twelve month low of $34.60 and a twelve month high of $72.88. The stock’s 50 day moving average price is $64.96 and its two-hundred day moving average price is $56.90.

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, topping analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $291.26 million for the quarter, compared to analysts’ expectations of $292.10 million. Cognex had a return on equity of 10.89% and a net margin of 13.62%.The business’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 EPS. 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 anticipate that Cognex will post 1.48 earnings per share for the current year.

Insider Activity at Cognex

In other Cognex news, insider Mark Fennell sold 64,873 shares of Cognex stock in a transaction on Monday, May 11th. The stock was sold at an average price of $67.05, for a total value of $4,349,734.65. Following the completion of the transaction, the insider directly owned 11,263 shares of the company’s stock, valued at $755,184.15. The trade was a 85.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Laura Ann Macdonald sold 41,600 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $65.56, for a total value of $2,727,296.00. Following the sale, the vice president owned 5,258 shares of the company’s stock, valued at approximately $344,714.48. The trade was a 88.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 224,847 shares of company stock worth $14,975,098. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CGNX. Geneos Wealth Management Inc. lifted its position in Cognex by 402.2% during the first quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 736 shares during the period. Elevation Wealth Partners LLC increased its holdings in Cognex by 635.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 478 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 413 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Cognex by 74.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 764 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 327 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of Cognex during the 1st quarter worth approximately $36,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Cognex during the 4th quarter worth approximately $39,000. 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.