abrdn plc Has $36.70 Million Stock Position in The Cooper Companies, Inc. (NASDAQ:COO)

abrdn plc lifted its position in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 333,733 shares of the medical device company's stock after purchasing an additional 17,176 shares during the period. abrdn plc owned 0.17% of Cooper Companies worth $36,699,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Cooper Companies by 303.0% during the 1st quarter. Vanguard Group Inc. now owns 23,099,975 shares of the medical device company's stock worth $2,343,723,000 after buying an additional 17,367,502 shares during the period. Capital World Investors boosted its holdings in shares of Cooper Companies by 301.7% during the 1st quarter. Capital World Investors now owns 5,654,023 shares of the medical device company's stock worth $573,657,000 after buying an additional 4,246,519 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Cooper Companies by 279.8% during the 1st quarter. Janus Henderson Group PLC now owns 3,437,064 shares of the medical device company's stock worth $348,723,000 after buying an additional 2,532,186 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Cooper Companies by 305.2% during the 1st quarter. Bessemer Group Inc. now owns 2,000,910 shares of the medical device company's stock worth $203,013,000 after buying an additional 1,507,049 shares during the period. Finally, Swedbank AB bought a new stake in shares of Cooper Companies during the 1st quarter worth about $139,246,000. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Albert G. White III sold 114,992 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $110.53, for a total transaction of $12,710,065.76. Following the completion of the transaction, the chief executive officer now owns 165,273 shares of the company's stock, valued at approximately $18,267,624.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Agostino Ricupati sold 1,601 shares of Cooper Companies stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $108.03, for a total transaction of $172,956.03. Following the completion of the transaction, the chief accounting officer now owns 4,818 shares of the company's stock, valued at $520,488.54. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Albert G. White III sold 114,992 shares of Cooper Companies stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $110.53, for a total transaction of $12,710,065.76. Following the transaction, the chief executive officer now directly owns 165,273 shares of the company's stock, valued at $18,267,624.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 256,373 shares of company stock valued at $27,637,427. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

COO has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Cooper Companies from $95.00 to $104.00 and gave the company an "equal weight" rating in a report on Tuesday, September 10th. Jefferies Financial Group raised shares of Cooper Companies from a "hold" rating to a "buy" rating and boosted their price objective for the company from $107.00 to $115.00 in a report on Tuesday, July 16th. Needham & Company LLC reissued a "hold" rating on shares of Cooper Companies in a report on Thursday, August 29th. Wells Fargo & Company boosted their price objective on shares of Cooper Companies from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Thursday, August 29th. Finally, Robert W. Baird boosted their price objective on shares of Cooper Companies from $118.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $117.00.

Cooper Companies Price Performance

NASDAQ:COO traded down $0.52 on Thursday, hitting $104.68. The company had a trading volume of 1,131,611 shares, compared to its average volume of 1,127,380. The stock has a market capitalization of $20.85 billion, a price-to-earnings ratio of 58.16, a PEG ratio of 2.53 and a beta of 0.98. The company has a current ratio of 1.99, a quick ratio of 1.18 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $106.55 and a two-hundred day moving average of $96.96. The Cooper Companies, Inc. has a 52 week low of $77.01 and a 52 week high of $112.38.

Cooper Companies (NASDAQ:COO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The medical device company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.91 by $0.05. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $997.30 million. Cooper Companies had a net margin of 9.45% and a return on equity of 9.08%. The firm's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. On average, research analysts anticipate that The Cooper Companies, Inc. will post 3.65 earnings per share for the current year.

Cooper Companies Company 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.