New York State Teachers Retirement System Sells 5,760 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

New York State Teachers Retirement System lowered its stake in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,564 shares of the medical device company's stock after selling 5,760 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Cooper Companies worth $16,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of COO. Victory Capital Management Inc. boosted its stake in Cooper Companies by 23.0% during the third quarter. Victory Capital Management Inc. now owns 3,950,119 shares of the medical device company's stock worth $435,856,000 after acquiring an additional 737,726 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Cooper Companies by 13.2% during the third quarter. JPMorgan Chase & Co. now owns 4,930,022 shares of the medical device company's stock worth $543,979,000 after acquiring an additional 573,908 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Cooper Companies during the third quarter worth about $46,727,000. Swedbank AB boosted its stake in Cooper Companies by 14.0% during the fourth quarter. Swedbank AB now owns 1,629,602 shares of the medical device company's stock worth $149,809,000 after acquiring an additional 200,000 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Cooper Companies by 11.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,818,610 shares of the medical device company's stock worth $200,665,000 after buying an additional 194,118 shares in the last quarter. Hedge funds and other institutional investors own 24.39% of the company's stock.

Cooper Companies Stock Performance

COO stock traded up $2.23 during midday trading on Thursday, reaching $88.69. 1,741,139 shares of the company's stock traded hands, compared to its average volume of 1,457,786. The Cooper Companies, Inc. has a 52-week low of $84.76 and a 52-week high of $112.38. The stock has a market cap of $17.70 billion, a P/E ratio of 45.48, a PEG ratio of 2.21 and a beta of 1.00. 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 stock's 50-day moving average is $93.23 and its 200 day moving average is $99.65.

Cooper Companies (NASDAQ:COO - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The medical device company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.03 billion. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 earnings per share. As a group, analysts anticipate that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of Cooper Companies from $116.00 to $115.00 and set a "buy" rating on the stock in a research note on Friday, December 6th. Morgan Stanley dropped their target price on shares of Cooper Companies from $104.00 to $102.00 and set an "equal weight" rating on the stock in a research note on Friday, December 6th. Wells Fargo & Company increased their price objective on shares of Cooper Companies from $115.00 to $118.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Needham & Company LLC restated a "hold" rating on shares of Cooper Companies in a research report on Friday, December 6th. Finally, StockNews.com downgraded shares of Cooper Companies from a "buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $117.00.

About Cooper Companies

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.