The Cooper Companies, Inc. (NASDAQ:COO) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its holdings in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 38.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,028 shares of the medical device company's stock after selling 125,492 shares during the period. Bank of Montreal Can owned about 0.10% of Cooper Companies worth $18,481,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of COO. Byrne Asset Management LLC purchased a new position in Cooper Companies during the 4th quarter valued at $33,000. OFI Invest Asset Management purchased a new stake in shares of Cooper Companies during the fourth quarter valued at $34,000. New Age Alpha Advisors LLC bought a new position in shares of Cooper Companies in the fourth quarter worth about $38,000. West Financial Advisors LLC bought a new position in shares of Cooper Companies in the fourth quarter worth about $49,000. Finally, Atala Financial Inc purchased a new position in Cooper Companies in the 4th quarter worth about $51,000. Institutional investors own 24.39% of the company's stock.

Cooper Companies Stock Down 1.2 %

Shares of NASDAQ:COO traded down $0.96 during trading on Tuesday, reaching $77.80. The stock had a trading volume of 1,386,329 shares, compared to its average volume of 1,397,965. The firm's 50-day simple moving average is $84.28 and its 200 day simple moving average is $94.31. The company has a current ratio of 1.91, a quick ratio of 1.12 and a debt-to-equity ratio of 0.32. The Cooper Companies, Inc. has a one year low of $69.81 and a one year high of $112.38. The company has a market capitalization of $15.56 billion, a P/E ratio of 39.90, a PEG ratio of 2.25 and a beta of 1.01.

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Cooper Companies (NASDAQ:COO - Get Free Report) last announced its earnings results on Thursday, March 6th. The medical device company reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $964.70 million during the quarter, compared to the consensus estimate of $981.25 million. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. As a group, research analysts expect that The Cooper Companies, Inc. will post 3.98 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on COO. Piper Sandler restated an "overweight" rating and issued a $115.00 target price (down from $120.00) on shares of Cooper Companies in a research note on Friday, March 7th. Needham & Company LLC reissued a "hold" rating on shares of Cooper Companies in a research note on Friday, March 7th. Robert W. Baird decreased their target price on Cooper Companies from $117.00 to $107.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Stifel Nicolaus dropped their price target on Cooper Companies from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. decreased their price objective on Cooper Companies from $120.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $110.25.

Cooper Companies Profile

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.