B. Metzler seel. Sohn & Co. Holding AG Invests $1.91 Million in Cognex Co. (NASDAQ:CGNX)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Cognex Co. (NASDAQ:CGNX - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 47,151 shares of the scientific and technical instruments company's stock, valued at approximately $1,910,000.

Several other large investors have also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in shares of Cognex in the third quarter worth about $336,000. AM Squared Ltd increased its holdings in shares of Cognex by 4,566.7% in the third quarter. AM Squared Ltd now owns 2,100 shares of the scientific and technical instruments company's stock worth $85,000 after purchasing an additional 2,055 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Cognex by 1.4% in the third quarter. Royce & Associates LP now owns 1,384,341 shares of the scientific and technical instruments company's stock worth $56,066,000 after purchasing an additional 19,774 shares during the last quarter. KBC Group NV grew its position in Cognex by 0.4% in the third quarter. KBC Group NV now owns 174,632 shares of the scientific and technical instruments company's stock worth $7,073,000 after acquiring an additional 620 shares in the last quarter. Finally, MQS Management LLC purchased a new position in Cognex in the third quarter worth about $264,000. 88.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CGNX. Needham & Company LLC dropped their price target on Cognex from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group dropped their price target on Cognex from $45.00 to $39.00 and set a "sell" rating for the company in a research report on Friday, August 2nd. Truist Financial lowered Cognex from a "buy" rating to a "hold" rating and dropped their price target for the stock from $46.00 to $43.00 in a research report on Tuesday, November 5th. Robert W. Baird dropped their price target on Cognex from $46.00 to $42.00 and set a "neutral" rating for the company in a research report on Monday, August 5th. Finally, DA Davidson dropped their target price on Cognex from $41.00 to $39.00 and set a "neutral" rating for the company in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Cognex presently has an average rating of "Hold" and an average target price of $47.91.

Cognex Trading Up 3.8 %

Shares of NASDAQ CGNX traded up $1.47 during trading hours on Friday, reaching $40.67. The stock had a trading volume of 1,102,722 shares, compared to its average volume of 1,271,603. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 75.52 and a beta of 1.40. The business's fifty day moving average price is $39.93 and its two-hundred day moving average price is $42.96. Cognex Co. has a 52-week low of $34.79 and a 52-week high of $53.13.

Cognex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be paid a $0.08 dividend. This is an increase from Cognex's previous quarterly dividend of $0.08. The ex-dividend date is Thursday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.79%. Cognex's payout ratio is 61.54%.

Insider Buying and Selling

In other Cognex news, CFO Dennis Fehr purchased 6,570 shares of Cognex stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of $38.04 per share, with a total value of $249,922.80. Following the completion of the transaction, the chief financial officer now owns 6,570 shares in the company, valued at approximately $249,922.80. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

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.