Parkside Financial Bank & Trust Has $115,000 Stock Holdings in Cognex Co. (NASDAQ:CGNX)

Parkside Financial Bank & Trust increased its holdings in shares of Cognex Co. (NASDAQ:CGNX) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,760 shares of the scientific and technical instruments company’s stock after acquiring an additional 294 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Cognex were worth $115,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CGNX. Asset Management One Co. Ltd. increased its position in Cognex by 0.6% during the third quarter. Asset Management One Co. Ltd. now owns 71,112 shares of the scientific and technical instruments company’s stock worth $3,018,000 after acquiring an additional 459 shares during the period. Slow Capital Inc. increased its position in Cognex by 2.2% during the third quarter. Slow Capital Inc. now owns 50,334 shares of the scientific and technical instruments company’s stock worth $2,136,000 after acquiring an additional 1,063 shares during the period. Linden Thomas Advisory Services LLC increased its position in Cognex by 38.0% during the third quarter. Linden Thomas Advisory Services LLC now owns 24,830 shares of the scientific and technical instruments company’s stock worth $1,054,000 after acquiring an additional 6,840 shares during the period. Copeland Capital Management LLC increased its position in Cognex by 1.0% during the third quarter. Copeland Capital Management LLC now owns 492,787 shares of the scientific and technical instruments company’s stock worth $20,914,000 after acquiring an additional 4,943 shares during the period. Finally, Chevy Chase Trust Holdings LLC increased its position in Cognex by 10.9% during the third quarter. Chevy Chase Trust Holdings LLC now owns 1,696,952 shares of the scientific and technical instruments company’s stock worth $72,019,000 after acquiring an additional 167,209 shares during the period. 88.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on CGNX shares. Citigroup raised their target price on shares of Cognex from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, April 8th. StockNews.com lowered shares of Cognex from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Truist Financial started coverage on shares of Cognex in a report on Thursday, March 14th. They issued a “buy” rating and a $47.00 target price on the stock. Finally, UBS Group raised shares of Cognex from a “neutral” rating to a “buy” rating and raised their target price for the company from $42.00 to $54.00 in a report on Tuesday, March 19th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $47.70.

Cognex Trading Down 0.0 %

CGNX opened at $39.53 on Thursday. The company’s 50 day moving average is $40.33 and its 200-day moving average is $38.81. Cognex Co. has a 1-year low of $34.28 and a 1-year high of $59.51. The company has a market cap of $6.78 billion, a P/E ratio of 59.89 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last posted its earnings results on Thursday, February 15th. The scientific and technical instruments company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Cognex had a net margin of 13.52% and a return on equity of 6.86%. The business had revenue of $196.70 million for the quarter, compared to the consensus estimate of $189.16 million. During the same period last year, the company earned $0.27 EPS. The firm’s revenue was down 17.8% compared to the same quarter last year. On average, equities analysts forecast that Cognex Co. will post 0.44 EPS for the current year.

Cognex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a $0.075 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.76%. Cognex’s dividend payout ratio (DPR) is currently 45.46%.

Insider Transactions at Cognex

In other news, EVP Carl Gerst sold 6,782 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $40.54, for a total value of $274,942.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

About Cognex

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.