Riverbridge Partners LLC Has $35.05 Million Position in Cognex Corporation $CGNX

Riverbridge Partners LLC cut its position in shares of Cognex Corporation (NASDAQ:CGNX) by 17.5% in the first quarter, Holdings Channel reports. The institutional investor owned 715,343 shares of the scientific and technical instruments company’s stock after selling 151,720 shares during the period. Riverbridge Partners LLC’s holdings in Cognex were worth $35,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGNX. Northwestern Mutual Wealth Management Co. lifted its stake in Cognex by 173,138.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,477,448 shares of the scientific and technical instruments company’s stock valued at $376,979,000 after acquiring an additional 10,471,400 shares in the last quarter. Nordea Investment Management AB boosted its position in Cognex by 0.9% during the 4th quarter. Nordea Investment Management AB now owns 8,101,583 shares of the scientific and technical instruments company’s stock worth $292,224,000 after acquiring an additional 76,212 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Cognex by 27.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,013,184 shares of the scientific and technical instruments company’s stock worth $252,360,000 after acquiring an additional 1,529,010 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Cognex by 31.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,314,896 shares of the scientific and technical instruments company’s stock worth $191,231,000 after acquiring an additional 1,258,629 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its holdings in shares of Cognex by 0.9% in the second quarter. Disciplined Growth Investors Inc. MN now owns 4,768,716 shares of the scientific and technical instruments company’s stock valued at $151,264,000 after purchasing an additional 40,927 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Cognex Stock Down 5.4%

NASDAQ:CGNX opened at $63.96 on Wednesday. Cognex Corporation has a twelve month low of $30.00 and a twelve month high of $71.90. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 76.14 and a beta of 1.52. The stock’s 50 day moving average price is $61.68 and its two-hundred day moving average price is $50.80.

Cognex (NASDAQ:CGNX) last released its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.25 by $0.09. Cognex had a return on equity of 10.89% and a net margin of 13.62%.The company had revenue of $268.44 million during the quarter, compared to the consensus estimate of $245.98 million. During the same quarter in the prior year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. As a group, analysts anticipate that Cognex Corporation will post 1.49 earnings per share for the current year.

Cognex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a $0.085 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.34 dividend on an annualized basis and a yield of 0.5%. Cognex’s dividend payout ratio (DPR) is currently 40.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CGNX. The Goldman Sachs Group reissued a “buy” rating and issued a $80.00 price objective (up from $70.00) on shares of Cognex in a research report on Monday, May 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Cognex in a research report on Thursday, May 7th. Barclays reiterated an “overweight” rating and issued a $75.00 price target (up from $64.00) on shares of Cognex in a research note on Monday, May 11th. Zacks Research raised shares of Cognex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 16th. Finally, Stephens increased their price objective on shares of Cognex from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.43.

Insider Buying and Selling at Cognex

In other news, VP Laura Ann Macdonald sold 41,600 shares of Cognex stock in a transaction dated 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 completion of the transaction, the vice president owned 5,258 shares of the company’s stock, valued at $344,714.48. This trade represents a 88.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark Fennell sold 64,873 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $67.05, for a total transaction of $4,349,734.65. Following the transaction, the insider owned 11,263 shares in the company, valued at $755,184.15. This represents a 85.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 224,847 shares of company stock worth $14,975,098 over the last quarter. 1.70% of the stock is currently owned by insiders.

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.