Copeland Capital Management LLC Has $68.17 Million Stake in Cognex Corporation $CGNX

Copeland Capital Management LLC reduced its stake in Cognex Corporation (NASDAQ:CGNX) by 4.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,504,817 shares of the scientific and technical instruments company’s stock after selling 68,713 shares during the quarter. Cognex accounts for approximately 1.4% of Copeland Capital Management LLC’s investment portfolio, making the stock its 15th largest holding. Copeland Capital Management LLC’s holdings in Cognex were worth $68,168,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its stake in Cognex by 148.5% during the second quarter. Nordea Investment Management AB now owns 7,075,772 shares of the scientific and technical instruments company’s stock worth $223,594,000 after acquiring an additional 4,228,729 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Cognex by 121.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 12,990 shares of the scientific and technical instruments company’s stock valued at $412,000 after purchasing an additional 7,126 shares in the last quarter. Creative Planning lifted its stake in Cognex by 49.1% in the 2nd quarter. Creative Planning now owns 62,525 shares of the scientific and technical instruments company’s stock valued at $1,983,000 after purchasing an additional 20,587 shares during the last quarter. World Investment Advisors acquired a new stake in Cognex in the second quarter valued at approximately $204,000. Finally, Teacher Retirement System of Texas grew its stake in shares of Cognex by 7.9% during the second quarter. Teacher Retirement System of Texas now owns 52,502 shares of the scientific and technical instruments company’s stock worth $1,665,000 after buying an additional 3,862 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert Willett sold 6,704 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $49.51, for a total transaction of $331,915.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.60% of the company’s stock.

Cognex Stock Performance

NASDAQ:CGNX opened at $36.47 on Tuesday. Cognex Corporation has a 52 week low of $22.67 and a 52 week high of $49.76. The firm’s fifty day moving average is $39.08 and its 200-day moving average is $39.61. The firm has a market cap of $6.11 billion, a P/E ratio of 56.99 and a beta of 1.53.

Cognex (NASDAQ:CGNX) last released its earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. Cognex had a net margin of 11.33% and a return on equity of 8.26%. The business had revenue of $264.00 million for the quarter, compared to analyst estimates of $261.86 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. Cognex’s revenue for the quarter was up 18.0% on a year-over-year basis. Cognex has set its Q4 2025 guidance at 0.190-0.24 EPS. As a group, sell-side analysts anticipate that Cognex Corporation will post 0.61 earnings per share for the current year.

Cognex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Thursday, November 13th were given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from Cognex’s previous quarterly dividend of $0.08. Cognex’s dividend payout ratio is presently 53.13%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays reiterated an “overweight” rating and issued a $56.00 price target (up from $55.00) on shares of Cognex in a research note on Friday, October 31st. KeyCorp reiterated an “overweight” rating and issued a $50.00 target price on shares of Cognex in a research report on Friday, October 31st. Robert W. Baird set a $45.00 price target on Cognex in a report on Friday, October 31st. DA Davidson set a $38.00 price objective on Cognex and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, Truist Financial cut their target price on shares of Cognex from $45.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, December 18th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.79.

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.