Dividend Growth of Cognex Corporation(CGNX)

Cognex Corporation(CGNX) is having a Dividend Yield of 0.43% with the Annual cash Dividend per share of $0.3. The last quarter cash dividend per share pay out was $0.08. Cognex Corporation has a 5 year average dividend yield of 0.58% and the stock has a Indicated annual dividend of $0.3. Cognex Corporation(CGNX) formally announced its most recent dividend on November 1, 2016 with a Dividend per share of $0.08. The new indicated annual dividend based on announced dividend per share is $0.3. The dividend yield based on the forward looking indicated annual dividend is 0.43%. Cognex Corporation(CGNX) has the most recent dividend payout ratio of 0.22 with a 5-year average payout ratio of 0.16. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.05. The 5 year historical dividend growth of Cognex Corporation(CGNX) is at the rate of 11.32% while the R-Squared dividend growth is 0.45. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Cognex Corporation (NASDAQ:CGNX) rose 0.7% or 0.49 points on Thursday and made its way into the gainers of the day. After trading began at $69.96 the stock was seen hitting $70.66 as a peak level and $69.1801 as the lowest level. The stock ended up at $70.45. The daily volume was measured at 866,906 shares. The 52-week high of the share price is $70.67 and the 52-week low is $33.45. The company has a market cap of $6,035 million. Shares of Cognex Corporation rose by 0.23% in the last five trading days and 4.66% for the last 4 weeks. Cognex Corporation is up 20.62% in the last 3-month period. Year-to-Date the stock performance stands at 10.74%.

Currently the company Insiders own 6.4% of Cognex Corporation shares according to the proxy statements. Institutional Investors own 90% of Cognex Corporation shares. Company has reported several Insider transactions to the SEC, on Dec 9, 2016, Jeffrey Benjamin Miller (director) sold 7,500 shares at 63.06 per share price.On Dec 9, 2016, Richard Morin (Sr. VP F&A, CFO) sold 23,000 shares at 60.30 per share price.On Nov 28, 2016, Bruce Robinson J (director) sold 25,750 shares at 60.95 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Cognex Corporation was Initiated by Deutsche Bank on Dec 8, 2016 to Buy, Price Target of the shares are set at $74.Cognex Corporation was Downgraded by Northcoast to Neutral on Dec 2, 2016.

Cognex Corporation Last issued its quarterly earnings results on Feb 16, 2017. The company reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.13. Analyst had a consensus of $0.30. The company had revenue of $129.32 million for the quarter, compared to analysts expectations of $116.78 million. The companys revenue was up 32.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Cognex Corp. designs, develops, manufactures, and markets machine vision systems that are used to automate a wide range of manufacturing processes where vision is required. Cognex machine vision systems consist of two primary elements: a computer, which serves as a machine vision engine, and software that processes and analyzes images. When connected to a video camera, the machine vision system captures images and extracts information, which determines appropriate action for other equipment in the manufacturing process.


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