TD Asset Management Inc Cuts Holdings in Cognex Corporation $CGNX

TD Asset Management Inc trimmed its holdings in shares of Cognex Corporation (NASDAQ:CGNX) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,062 shares of the scientific and technical instruments company’s stock after selling 44,614 shares during the period. TD Asset Management Inc’s holdings in Cognex were worth $9,069,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Cognex by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 18,598,728 shares of the scientific and technical instruments company’s stock worth $842,522,000 after buying an additional 374,999 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Cognex by 173,138.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,477,448 shares of the scientific and technical instruments company’s stock worth $376,979,000 after buying an additional 10,471,400 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of 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 buying an additional 76,212 shares in the last quarter. Pictet Asset Management Holding SA raised 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 buying an additional 1,529,010 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its stake in shares of Cognex by 0.9% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,768,716 shares of the scientific and technical instruments company’s stock worth $151,264,000 after buying an additional 40,927 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cognex

In related news, VP Darren Marc Long sold 20,252 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $66.34, for a total value of $1,343,517.68. Following the sale, the vice president owned 3,990 shares of the company’s stock, valued at approximately $264,696.60. This represents a 83.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Laura Ann Macdonald sold 41,600 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president directly owned 5,258 shares in the company, valued at approximately $344,714.48. The trade was a 88.78% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 224,847 shares of company stock valued at $14,975,098. 1.70% of the stock is owned by corporate insiders.

Cognex Price Performance

CGNX opened at $61.32 on Wednesday. The stock has a market cap of $10.20 billion, a P/E ratio of 73.00 and a beta of 1.52. The stock’s 50 day simple moving average is $58.89 and its 200 day simple moving average is $48.91. Cognex Corporation has a 1-year low of $29.22 and a 1-year high of $71.90.

Cognex (NASDAQ:CGNX) last released its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.09. The business had revenue of $268.44 million for the quarter, compared to analysts’ expectations of $245.98 million. Cognex had a return on equity of 10.89% and a net margin of 13.62%.The company’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. Research analysts expect that Cognex Corporation will post 1.41 EPS for the current fiscal year.

Cognex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a $0.085 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.34 dividend on an annualized basis and a yield of 0.6%. Cognex’s dividend payout ratio is presently 40.48%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CGNX shares. Weiss Ratings reissued a “hold (c)” rating on shares of Cognex in a research note on Friday, May 15th. Needham & Company LLC increased their target price on Cognex from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. UBS Group set a $75.00 target price on Cognex in a research note on Tuesday, May 26th. Wall Street Zen upgraded Cognex from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, DA Davidson set a $62.00 price target on Cognex and gave the stock a “neutral” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.43.

Cognex Profile

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.