Unio Capital LLC lowered its holdings in shares of Cognex Co. (NASDAQ:CGNX) by 11.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,250 shares of the scientific and technical instruments company’s stock after selling 2,000 shares during the period. Cognex makes up 0.7% of Unio Capital LLC’s holdings, making the stock its 26th largest position. Unio Capital LLC’s holdings in Cognex were worth $793,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in CGNX. Glenmede Trust Co. NA raised its stake in shares of Cognex by 100.0% in the 4th quarter. Glenmede Trust Co. NA now owns 1,830 shares of the scientific and technical instruments company’s stock worth $111,000 after buying an additional 915 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Cognex by 100.1% in the 4th quarter. Parallel Advisors LLC now owns 1,883 shares of the scientific and technical instruments company’s stock worth $115,000 after buying an additional 942 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Cognex by 76.9% in the 4th quarter. YorkBridge Wealth Partners LLC now owns 2,215 shares of the scientific and technical instruments company’s stock worth $125,000 after buying an additional 963 shares in the last quarter. Wagner Wealth Management LLC bought a new stake in shares of Cognex in the 4th quarter worth $134,000. Finally, Stephens Inc. AR raised its stake in shares of Cognex by 77.9% in the 4th quarter. Stephens Inc. AR now owns 3,254 shares of the scientific and technical instruments company’s stock worth $199,000 after buying an additional 1,425 shares in the last quarter. 85.16% of the stock is currently owned by hedge funds and other institutional investors.
CGNX has been the topic of a number of research reports. Northcoast Research raised Cognex from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 4th. Zacks Investment Research raised Cognex from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, April 24th. JPMorgan Chase & Co. dropped their price objective on Cognex from $62.50 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, May 1st. Goldman Sachs Group downgraded Cognex from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $78.00 to $55.00 in a research note on Tuesday, April 10th. Finally, Robert W. Baird dropped their price objective on Cognex from $62.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 1st. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $57.21.
Shares of Cognex opened at $44.61 on Friday, Marketbeat.com reports. The firm has a market cap of $7.61 billion, a PE ratio of 30.77 and a beta of 1.57. Cognex Co. has a 12-month low of $39.90 and a 12-month high of $72.99.
Cognex (NASDAQ:CGNX) last announced its earnings results on Monday, April 30th. The scientific and technical instruments company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $169.57 million for the quarter, compared to analyst estimates of $170.93 million. Cognex had a return on equity of 23.08% and a net margin of 21.56%. Cognex’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 earnings per share. research analysts anticipate that Cognex Co. will post 1.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 18th were given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Thursday, May 17th. Cognex’s dividend payout ratio (DPR) is presently 12.41%.
Cognex Company Profile
Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide. The company offers machine vision products, which are used to automate the manufacturing and tracking of discrete items, such as mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.
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