Schroder Investment Management Group Increases Stake in The Cooper Companies, Inc. (NASDAQ:COO)

Schroder Investment Management Group boosted its stake in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 6.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 629,076 shares of the medical device company's stock after acquiring an additional 40,231 shares during the period. Schroder Investment Management Group owned about 0.32% of Cooper Companies worth $57,516,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Byrne Asset Management LLC purchased a new stake in shares of Cooper Companies during the fourth quarter worth approximately $33,000. OFI Invest Asset Management acquired a new stake in Cooper Companies during the 4th quarter worth $34,000. New Age Alpha Advisors LLC acquired a new stake in Cooper Companies during the 4th quarter worth $38,000. West Financial Advisors LLC purchased a new stake in shares of Cooper Companies during the fourth quarter worth $49,000. Finally, Atala Financial Inc acquired a new stake in shares of Cooper Companies in the fourth quarter valued at about $51,000. 24.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on COO shares. BNP Paribas upgraded shares of Cooper Companies to a "hold" rating in a research report on Thursday, March 13th. StockNews.com cut Cooper Companies from a "buy" rating to a "hold" rating in a report on Wednesday, December 11th. Morgan Stanley cut their price target on Cooper Companies from $104.00 to $102.00 and set an "equal weight" rating for the company in a report on Friday, December 6th. Robert W. Baird reduced their price objective on Cooper Companies from $117.00 to $107.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Finally, Needham & Company LLC restated a "hold" rating on shares of Cooper Companies in a report on Friday, March 7th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.25.

Cooper Companies Trading Down 5.6 %

COO stock traded down $4.40 during mid-day trading on Friday, hitting $73.77. 2,661,526 shares of the company were exchanged, compared to its average volume of 1,367,710. The Cooper Companies, Inc. has a 12-month low of $73.34 and a 12-month high of $112.38. The firm has a market capitalization of $14.75 billion, a P/E ratio of 37.83, a PEG ratio of 2.25 and a beta of 1.01. The business has a fifty day simple moving average of $87.76 and a 200-day simple moving average of $96.24. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.32.

Cooper Companies (NASDAQ:COO - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The medical device company reported $0.92 earnings per share for the quarter, hitting analysts' consensus estimates of $0.92. The firm had revenue of $964.70 million during the quarter, compared to analysts' expectations of $981.25 million. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. On average, equities research analysts predict that The Cooper Companies, Inc. will post 3.98 earnings per share for the current fiscal year.

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.