Invesco's 5.1% Cognex Position Leaves Dividends And Sale Proceeds With Its Clients
The investment manager reported passive ownership through its advisers, with no client holding more than 5% of the economic interest.
Invesco reported a 5.1% position in Cognex, which makes image-analysis hardware and software for factories and distribution centers, in a passive ownership disclosure filed Tuesday. The shares belong to investment-adviser clients, who retain the rights to dividends and money from share sales.
Clients Keep The Economic Rights
The position covered 8,517,786 common shares as of September 30. Invesco reported beneficial ownership in its capacity as the parent of the investment advisers whose clients hold the stock.
Invesco had sole voting authority over 8,516,918 shares and sole authority to dispose of 8,517,786 shares. It reported no shared authority for either voting or disposal.
The advisers named were Invesco Advisers, Invesco Asset Management Limited and Invesco Capital Management LLC. No individual client held more than 5% of the economic interest in the securities covered by the disclosure.
Invesco certified that the position arose from ordinary business activity and was held without a purpose or effect of changing or influencing Cognex's control.
Cameras For Factories And Warehouses
Cognex's systems use images to find, identify, inspect and measure items. Its products range from smart cameras and vision sensors to barcode readers and vision software, alongside lenses, lighting and other accessories.
Manufacturers and logistics companies buy those products. Logistics, packaging, consumer electronics and automotive accounted for about 85% of 2025 revenue, while customers outside the United States contributed about 67%.
Cognex also sells maintenance, consulting and training services, which contributed less than 10% of 2025 revenue. It had 2,745 employees globally as of December 31, 2025.
Cognex's market value was $8.5 billion in Tuesday trading as of 3:37 p.m. ET.
