Noteworthy Dividend Flows: Cognex Corporation (NASDAQ:CGNX) dividends of $0.08 are projected for the near future; this is why.

Noteworthy Dividend Flows: Cognex Corporation (NASDAQ:CGNX) dividends of $0.08 are projected for the near future; this is why.

Cognex Corporation (NASDAQ:CGNX) is expected to pay $0.08 on Dec 16, 2016. The indicated annual dividend is $0.30. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on Cognex Corporation’s current price of $60.02, the dividend is 0.12%. This dividend’s record date is Dec 2, 2016 and the announcement date is Nov 1, 2016. The stock decreased 1.20% or $0.73 during the last trading session, hitting $60.02. Cognex Corporation (NASDAQ:CGNX) has risen 59.63% since April 26, 2016 and is uptrending. It has outperformed by 54.37% the S&P500.

Cognex Corporation 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 has a market cap of $5.13 billion. 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. It has a 40 P/E ratio. The Company’s products include vision software, vision systems, vision sensors and ID products.

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.13, from 1.13 in 2016Q1. The ratio worsened, as 21 funds sold all Cognex Corporation shares owned while 81 reduced positions. 32 funds bought stakes while 83 increased positions. They now own 71.25 million shares or 14.59% less from 83.42 million shares in 2016Q1.
Whittier Tru reported 21,634 shares or 0.04% of all its holdings. Commonwealth Equity Ser holds 5,608 shares or 0% of its portfolio. Archford Strategies Lc reported 116 shares or 0% of all its holdings. Chilton Management Lc accumulated 0.03% or 6,874 shares. Virginia Retirement Systems Et Al holds 0.01% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 8,000 shares. Northern Tru holds 0.01% or 947,123 shares in its portfolio. Royal Comml Bank Of Canada has 0% invested in the company for 44,284 shares. Secor Lp has 0.09% invested in the company for 16,632 shares. Joho Cap Lc holds 1.54 million shares or 18.08% of its portfolio. Keybank National Association Oh reported 11,656 shares or 0% of all its holdings. Swiss Fincl Bank has 134,551 shares for 0.01% of their US portfolio. Moreover, Finemark Bank & Trust Tru has 0.01% invested in Cognex Corporation (NASDAQ:CGNX) for 1,502 shares. Omers Administration has 17,400 shares for 0.02% of their US portfolio. Moreover, Legal General Gru Public Ltd Com has 0% invested in Cognex Corporation (NASDAQ:CGNX) for 9,257 shares. Aperio Group Llc owns 13,680 shares or 0% of their US portfolio.

Insider Transactions: Since August 3, 2016, the stock had 0 insider buys, and 12 selling transactions for $20.09 million net activity. MORIN RICHARD also sold $1.11M worth of Cognex Corporation (NASDAQ:CGNX) shares. On Wednesday, August 3 Willett Robert sold $5.99 million worth of the stock or 125,000 shares. miller jeffrey benjamin also sold $990,248 worth of Cognex Corporation (NASDAQ:CGNX) on Friday, August 5. J BRUCE ROBINSON had sold 25,750 shares worth $1.57 million. ALIAS PATRICK had sold 7,500 shares worth $363,550 on Thursday, August 4. KRANTZ THEODOR also sold $1.00M worth of Cognex Corporation (NASDAQ:CGNX) shares.

Cognex Corporation (NASDAQ:CGNX) Ratings Coverage

Out of 10 analysts covering Cognex Corporation (NASDAQ:CGNX), 4 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 40% are positive. Cognex Corporation has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Tuesday, November 3 the stock rating was downgraded by CLSA to “Outperform”. The rating was maintained by Canaccord Genuity with “Hold” on Tuesday, August 2. As per Thursday, March 24, the company rating was downgraded by CSLA. The rating was upgraded by CLSA on Monday, November 7 to “Outperform”. Canaccord Genuity maintained Cognex Corporation (NASDAQ:CGNX) on Friday, April 1 with “Buy” rating. The rating was upgraded by Canaccord Genuity on Wednesday, November 18 to “Buy”. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Buy” rating by Needham on Tuesday, August 4. CLSA maintained the shares of CGNX in a report on Tuesday, August 2 with “Underperform” rating. FBR Capital initiated Cognex Corporation (NASDAQ:CGNX) rating on Wednesday, May 11. FBR Capital has “Market Perform” rating and $42 price target. Raymond James downgraded Cognex Corporation (NASDAQ:CGNX) on Friday, March 11 to “Market Perform” rating.

More notable recent Cognex Corporation (NASDAQ:CGNX) news were published by: Fool.com which released: “Cognex Corporation Does It Again” on August 02, 2016, also Fool.com with their article: “Cognex Corporation Soars After Strong Earnings” published on May 03, 2016, Fool.com published: “3 Things to Look Out for When Cognex Corp. Reports Earnings” on July 29, 2016. More interesting news about Cognex Corporation (NASDAQ:CGNX) were released by: Fool.com and their article: “3 Things to Look Out for When Cognex Corporation Reports Earnings” published on April 26, 2016 as well as Streetinsider.com‘s news article titled: “Cognex Corp (CGNX) Acquires 3D Companies EnShape GmbH and AQSense” with publication date: October 31, 2016.

CGNX Company Profile

Cognex Corporation (Cognex), incorporated on January 7, 1981, is a well-known 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’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. The Company’s products include vision software, vision systems, vision sensors and ID products. The Company’s products range from vision sensors that are integrated, to personal computer (PC) systems for users. The Company’s products have a range of physical forms, depending upon the user’s need. Cognex sells its products through a direct sales force, as well as through a global network of integration and distribution partners. The Company’s service offerings include maintenance and support, consulting and training services.

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