Robeco Schweiz AG Sells 11,000 Shares of Cognex Co. (NASDAQ:CGNX)

Robeco Schweiz AG cut its holdings in Cognex Co. (NASDAQ:CGNX - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,000 shares of the scientific and technical instruments company's stock after selling 11,000 shares during the quarter. Robeco Schweiz AG owned approximately 0.14% of Cognex worth $8,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CGNX. Advisors Asset Management Inc. grew its position in shares of Cognex by 123.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 714 shares of the scientific and technical instruments company's stock worth $29,000 after buying an additional 394 shares during the last quarter. Truvestments Capital LLC purchased a new position in Cognex during the 3rd quarter valued at $36,000. Clean Yield Group raised its holdings in Cognex by 1,686.7% in the 4th quarter. Clean Yield Group now owns 1,072 shares of the scientific and technical instruments company's stock worth $38,000 after purchasing an additional 1,012 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Cognex by 50.2% in the 4th quarter. Principal Securities Inc. now owns 1,047 shares of the scientific and technical instruments company's stock worth $38,000 after purchasing an additional 350 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Cognex during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 88.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CGNX shares. Truist Financial reissued a "hold" rating and issued a $37.00 price target (down from $43.00) on shares of Cognex in a research note on Friday, February 14th. Hsbc Global Res cut Cognex from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. HSBC downgraded Cognex from a "buy" rating to a "hold" rating and set a $33.00 price objective for the company. in a report on Friday, February 21st. The Goldman Sachs Group dropped their target price on shares of Cognex from $39.00 to $35.00 and set a "sell" rating on the stock in a report on Tuesday, February 18th. Finally, Cantor Fitzgerald upgraded shares of Cognex to a "strong-buy" rating in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $44.83.

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Cognex Stock Up 0.3 %

Shares of NASDAQ CGNX traded up $0.09 during midday trading on Friday, hitting $32.80. The stock had a trading volume of 1,501,667 shares, compared to its average volume of 1,412,448. The business's 50 day moving average is $37.00 and its 200-day moving average is $38.55. Cognex Co. has a 52 week low of $32.14 and a 52 week high of $53.13. The company has a market cap of $5.57 billion, a P/E ratio of 53.77 and a beta of 1.40.

Cognex (NASDAQ:CGNX - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The scientific and technical instruments company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Cognex had a net margin of 11.61% and a return on equity of 5.65%. As a group, analysts expect that Cognex Co. will post 0.61 EPS for the current fiscal year.

Cognex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Thursday, February 27th. Cognex's dividend payout ratio (DPR) is 52.46%.

Insider Buying and Selling at Cognex

In other Cognex news, EVP Carl Gerst sold 6,803 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $32.73, for a total transaction of $222,662.19. Following the completion of the sale, the executive vice president now directly owns 4,566 shares in the company, valued at approximately $149,445.18. The trade was a 59.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Joerg Kuechen sold 2,934 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $37.75, for a total value of $110,758.50. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

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.