Principal Financial Group Inc. grew its holdings in The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 238,305 shares of the medical device company's stock after acquiring an additional 14,687 shares during the period. Principal Financial Group Inc. owned about 0.12% of Cooper Companies worth $26,295,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Cooper Companies by 303.0% in the first quarter. Vanguard Group Inc. now owns 23,099,975 shares of the medical device company's stock valued at $2,343,723,000 after buying an additional 17,367,502 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Cooper Companies by 3.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,820,590 shares of the medical device company's stock valued at $682,738,000 after purchasing an additional 231,155 shares during the last quarter. Capital World Investors raised its position in Cooper Companies by 301.7% in the 1st quarter. Capital World Investors now owns 5,654,023 shares of the medical device company's stock valued at $573,657,000 after purchasing an additional 4,246,519 shares during the last quarter. Janus Henderson Group PLC raised its position in Cooper Companies by 279.8% in the 1st quarter. Janus Henderson Group PLC now owns 3,437,064 shares of the medical device company's stock valued at $348,723,000 after purchasing an additional 2,532,186 shares during the last quarter. Finally, Impax Asset Management Group plc raised its position in Cooper Companies by 31.0% in the 2nd quarter. Impax Asset Management Group plc now owns 2,359,798 shares of the medical device company's stock valued at $205,511,000 after purchasing an additional 558,886 shares during the last quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on COO shares. Jefferies Financial Group raised shares of Cooper Companies from a "hold" rating to a "buy" rating and upped their price target for the stock from $107.00 to $115.00 in a research note on Tuesday, July 16th. Morgan Stanley upped their target price 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. Robert W. Baird upped their target price 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. Piper Sandler upped their target price 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. Finally, Wells Fargo & Company upped their target price 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. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Cooper Companies presently has a consensus rating of "Moderate Buy" and an average target price of $117.00.
Check Out Our Latest Stock Report on Cooper Companies
Insider Activity at Cooper Companies
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 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. Also, CFO Brian G. Andrews sold 24,788 shares of the business's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $105.90, for a total value of $2,625,049.20. Following the transaction, the chief financial officer now owns 6,614 shares of the company's stock, valued at $700,422.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 256,373 shares of company stock valued at $27,637,427 over the last ninety days. 2.00% of the stock is owned by insiders.
Cooper Companies Trading Up 0.1 %
COO traded up $0.15 during trading on Wednesday, reaching $102.15. The company had a trading volume of 653,101 shares, compared to its average volume of 1,119,662. The firm's 50-day simple moving average is $107.18 and its 200 day simple moving average is $97.82. The company has a market cap of $20.34 billion, a price-to-earnings ratio of 57.06, a PEG ratio of 2.20 and a beta of 0.99. The Cooper Companies, Inc. has a 12-month low of $82.21 and a 12-month high of $112.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.18 and a current ratio of 1.99.
Cooper Companies (NASDAQ:COO - Get Free Report) last posted its earnings results on Wednesday, August 28th. The medical device company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.05. Cooper Companies had a return on equity of 9.08% and a net margin of 9.45%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $997.30 million. During the same period in the previous year, the company earned $0.84 EPS. The company's revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts anticipate that The Cooper Companies, Inc. will post 3.65 earnings per share for the current year.
About Cooper Companies
(
Free Report)
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.
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