National Pension Service Has $36.09 Million Stock Position in The Cooper Companies, Inc. (NASDAQ:COO)

National Pension Service trimmed its position in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 327,060 shares of the medical device company's stock after selling 15,188 shares during the quarter. National Pension Service owned approximately 0.16% of Cooper Companies worth $36,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Forum Financial Management LP acquired a new position in Cooper Companies in the 3rd quarter valued at $204,000. Janney Montgomery Scott LLC grew its position in shares of Cooper Companies by 0.5% in the third quarter. Janney Montgomery Scott LLC now owns 100,222 shares of the medical device company's stock valued at $11,058,000 after purchasing an additional 485 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Cooper Companies by 16.9% in the third quarter. Stephens Inc. AR now owns 3,570 shares of the medical device company's stock worth $394,000 after purchasing an additional 516 shares during the period. Cigna Investments Inc. New bought a new position in shares of Cooper Companies in the third quarter worth about $225,000. Finally, Diversify Wealth Management LLC lifted its position in shares of Cooper Companies by 7.3% during the 3rd quarter. Diversify Wealth Management LLC now owns 13,909 shares of the medical device company's stock worth $1,465,000 after purchasing an additional 941 shares during the last quarter. Institutional investors own 24.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company lifted their price target on Cooper Companies from $110.00 to $115.00 and gave the stock an "overweight" rating in a research report on Thursday, August 29th. Robert W. Baird boosted their target price on shares of Cooper Companies from $118.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. Piper Sandler increased their price target on shares of Cooper Companies from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, August 29th. Needham & Company LLC restated a "hold" rating on shares of Cooper Companies in a research note on Thursday, August 29th. Finally, Stifel Nicolaus restated a "buy" rating and set a $115.00 price objective (up from $110.00) on shares of Cooper Companies in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Cooper Companies presently has an average rating of "Moderate Buy" and an average target price of $117.00.

Cooper Companies Price Performance

NASDAQ:COO traded down $0.45 on Thursday, reaching $103.33. The stock had a trading volume of 1,148,572 shares, compared to its average volume of 1,121,841. The company has a quick ratio of 1.18, a current ratio of 1.99 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $20.58 billion, a P/E ratio of 57.82, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99. The Cooper Companies, Inc. has a 1-year low of $80.48 and a 1-year high of $112.38. The stock has a fifty day moving average price of $107.39 and a 200-day moving average price of $97.41.

Cooper Companies (NASDAQ:COO - Get Free Report) last announced its earnings results on Wednesday, August 28th. The medical device company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.91 by $0.05. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $997.30 million. Cooper Companies had a return on equity of 9.08% and a net margin of 9.45%. Cooper Companies's revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. Research analysts forecast that The Cooper Companies, Inc. will post 3.65 EPS for the current year.

Insider Activity

In other Cooper Companies news, CEO Albert G. White III sold 114,992 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 165,273 shares of the company's stock, valued at approximately $18,267,624.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Cooper Companies news, CEO Albert G. White III sold 114,992 shares of Cooper Companies 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 sale, the chief executive officer now owns 165,273 shares of the company's stock, valued at approximately $18,267,624.69. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian G. Andrews sold 24,788 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $105.90, for a total value of $2,625,049.20. Following the completion of the transaction, the chief financial officer now directly owns 6,614 shares in the company, valued at approximately $700,422.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 256,373 shares of company stock valued at $27,637,427. Company insiders own 2.00% of the company's stock.

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.