272 Capital LP bought a new position in Cognex Co. (NASDAQ:CGNX – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 23,800 shares of the scientific and technical instruments company’s stock, valued at approximately $1,113,000.
Several other large investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its position in shares of Cognex by 94.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 589 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 286 shares in the last quarter. HHM Wealth Advisors LLC raised its holdings in shares of Cognex by 19.8% in the 2nd quarter. HHM Wealth Advisors LLC now owns 1,819 shares of the scientific and technical instruments company’s stock valued at $85,000 after acquiring an additional 301 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Cognex by 11.3% in the 2nd quarter. Fifth Third Bancorp now owns 3,829 shares of the scientific and technical instruments company’s stock valued at $179,000 after acquiring an additional 390 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Cognex by 27.2% during the 1st quarter. Lindbrook Capital LLC now owns 1,929 shares of the scientific and technical instruments company’s stock valued at $82,000 after acquiring an additional 413 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of Cognex by 4.2% during the first quarter. Park Avenue Securities LLC now owns 11,514 shares of the scientific and technical instruments company’s stock worth $488,000 after purchasing an additional 468 shares in the last quarter. 88.12% of the stock is owned by institutional investors.
Insider Activity at Cognex
In other Cognex news, Director Dianne M. Parrotte acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $38.62 per share, for a total transaction of $77,240.00. Following the transaction, the director now owns 11,340 shares in the company, valued at $437,950.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Dianne M. Parrotte bought 2,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average cost of $38.62 per share, with a total value of $77,240.00. Following the transaction, the director now owns 11,340 shares in the company, valued at approximately $437,950.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dennis Fehr bought 6,570 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were bought at an average cost of $38.04 per share, for a total transaction of $249,922.80. Following the purchase, the chief financial officer now directly owns 6,570 shares in the company, valued at approximately $249,922.80. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on Cognex
Cognex Price Performance
Shares of Cognex stock opened at $39.41 on Tuesday. Cognex Co. has a one year low of $34.28 and a one year high of $53.13. The business’s 50 day simple moving average is $41.61 and its two-hundred day simple moving average is $43.24. The stock has a market capitalization of $6.77 billion, a P/E ratio of 67.95 and a beta of 1.41.
Cognex (NASDAQ:CGNX – Get Free Report) last issued its earnings results on Wednesday, July 31st. The scientific and technical instruments company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The company had revenue of $239.00 million for the quarter, compared to the consensus estimate of $240.33 million. Cognex had a net margin of 9.29% and a return on equity of 4.97%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share. Sell-side analysts expect that Cognex Co. will post 0.44 earnings per share for the current fiscal year.
Cognex Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.075 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.76%. Cognex’s payout ratio is presently 51.72%.
Cognex Profile
Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.
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