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

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Cognex Corporation (NASDAQ:CGNX) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,227,288 shares of the scientific and technical instruments company’s stock after buying an additional 11,927 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 1.32% of Cognex worth $135,085,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGNX. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Cognex in the second quarter worth about $26,000. Mather Group LLC. raised its position in shares of Cognex by 81.3% during the third quarter. Mather Group LLC. now owns 446 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 200 shares during the period. Rakuten Securities Inc. bought a new position in shares of Cognex during the 2nd quarter valued at about $32,000. Transamerica Financial Advisors LLC bought a new position in shares of Cognex during the 2nd quarter valued at about $32,000. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of Cognex by 635.4% during 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 purchasing an additional 413 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CGNX shares. Cantor Fitzgerald increased their target price on Cognex from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Truist Financial set a $74.00 price target on shares of Cognex and gave the company a “hold” rating in a research note on Monday, October 5th. Zacks Research cut shares of Cognex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Robert W. Baird lowered their price objective on shares of Cognex from $78.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. Finally, DA Davidson reissued a “neutral” rating and set a $65.00 price objective on shares of Cognex in a research report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cognex has a consensus rating of “Moderate Buy” and an average target price of $75.57.

Cognex Price Performance

CGNX stock opened at $56.41 on Tuesday. The stock has a market capitalization of $9.49 billion, a P/E ratio of 54.77 and a beta of 1.48. Cognex Corporation has a fifty-two week low of $34.60 and a fifty-two week high of $72.88. The business has a 50-day moving average of $59.79 and a 200-day moving average of $57.81.

Cognex (NASDAQ:CGNX) last announced its earnings results 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. The business had revenue of $291.26 million for the quarter, compared to analyst estimates of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%. Cognex’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the firm earned $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. Equities analysts expect that Cognex Corporation will post 1.68 EPS for the current year.

Cognex Announces Dividend

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

Cognex Company 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.