Cognex Corporation (NASDAQ:CGNX) declared a quarterly dividend on Tuesday, October 31st, Wall Street Journal reports. Shareholders of record on Friday, November 17th will be given a dividend of 0.09 per share by the scientific and technical instruments company on Friday, December 1st. This represents a $0.36 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Cognex Corporation’s previous quarterly dividend of $0.09.
Cognex Corporation (CGNX) opened at $135.92 on Wednesday. The company has a market cap of $11,905.66, a price-to-earnings ratio of 50.74 and a beta of 1.48. Cognex Corporation has a one year low of $57.12 and a one year high of $140.94.
Cognex Corporation’s stock is scheduled to split on Monday, December 4th. The 2-1 split was announced on Monday, October 30th. The newly issued shares will be issued to shareholders after the closing bell on Friday, December 1st.
Several analysts have recently weighed in on CGNX shares. Zacks Investment Research upgraded Cognex Corporation from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Wednesday, August 2nd. Cowen and Company lifted their target price on Cognex Corporation from $100.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded Cognex Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Wolfe Research upgraded Cognex Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, August 14th. Finally, Robert W. Baird lifted their target price on Cognex Corporation from $100.00 to $124.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $106.88.
In related news, Director Jeffrey Benjamin Miller sold 3,750 shares of Cognex Corporation stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $134.48, for a total value of $504,300.00. Following the completion of the sale, the director now directly owns 3,750 shares in the company, valued at $504,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Willett sold 100,000 shares of Cognex Corporation stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $127.19, for a total value of $12,719,000.00. Following the completion of the sale, the chief executive officer now owns 100,000 shares of the company’s stock, valued at $12,719,000. The disclosure for this sale can be found here. Insiders sold 158,991 shares of company stock valued at $19,974,890 over the last 90 days. 5.60% of the stock is currently owned by corporate insiders.
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Cognex Corporation Company Profile
Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company operates through the machine vision technology segment. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process.
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