Cognex Corporation (NASDAQ:CGNX) to Issue $0.09 Quarterly Dividend

Cognex Corporation (NASDAQ:CGNX) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Thursday, August 20th will be paid 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 by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 10 years. Cognex has a dividend payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.1%

Shares of CGNX stock opened at $70.71 on Thursday. The stock has a 50 day simple moving average of $64.96 and a 200-day simple moving average of $56.90. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 84.18 and a beta of 1.49. Cognex has a 12-month low of $34.60 and a 12-month high of $72.88.

Cognex (NASDAQ:CGNX) last released 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 the consensus estimate of $0.42 by $0.03. Cognex had a return on equity of 10.89% and a net margin of 13.62%.The firm had revenue of $291.26 million during the quarter, compared to analysts’ expectations of $292.10 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. Cognex’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. On average, equities analysts forecast that Cognex will post 1.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

CGNX has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $80.00 price target (up from $70.00) on shares of Cognex in a research note on Monday, May 11th. Seaport Research Partners set a $75.00 price objective on Cognex in a report on Tuesday, May 26th. Robert W. Baird set a $72.00 target price on Cognex in a research report on Friday, May 8th. Zacks Research raised Cognex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. raised Cognex from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $65.00 to $75.00 in a research note on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.31.

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.