State Street Corp lifted its stake in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,590,689 shares of the medical device company's stock after purchasing an additional 104,521 shares during the period. State Street Corp owned 4.31% of Cooper Companies worth $947,897,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of COO. Cetera Investment Advisers boosted its holdings in Cooper Companies by 1,634.5% in the 1st quarter. Cetera Investment Advisers now owns 20,935 shares of the medical device company's stock worth $2,124,000 after buying an additional 19,728 shares during the period. Cetera Advisors LLC raised its stake in shares of Cooper Companies by 717.7% during the 1st quarter. Cetera Advisors LLC now owns 4,751 shares of the medical device company's stock valued at $482,000 after purchasing an additional 4,170 shares during the period. CWM LLC lifted its holdings in Cooper Companies by 5.1% during the 2nd quarter. CWM LLC now owns 3,823 shares of the medical device company's stock worth $334,000 after purchasing an additional 186 shares in the last quarter. Simplicity Wealth LLC boosted its stake in Cooper Companies by 5.4% in the 2nd quarter. Simplicity Wealth LLC now owns 5,648 shares of the medical device company's stock worth $493,000 after purchasing an additional 287 shares during the period. Finally, OLD National Bancorp IN purchased a new position in Cooper Companies during the 2nd quarter valued at about $531,000. Institutional investors own 24.39% of the company's stock.
Insider Activity at Cooper Companies
In other Cooper Companies news, CEO Albert G. White III sold 114,992 shares of the firm's 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 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 41.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Agostino Ricupati sold 1,601 shares of the company's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $108.03, for a total transaction of $172,956.03. Following the completion of the sale, the chief accounting officer now directly owns 4,818 shares in the company, valued at $520,488.54. This represents a 24.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on COO shares. Wells Fargo & Company raised 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Cooper Companies in a report on Friday. Morgan Stanley dropped their price objective on Cooper Companies from $104.00 to $102.00 and set an "equal weight" rating for the company in a research note on Friday. Citigroup decreased their target price on Cooper Companies from $116.00 to $115.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $115.00 price target (up previously from $110.00) on shares of Cooper Companies in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Cooper Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.00.
View Our Latest Research Report on COO
Cooper Companies Trading Down 4.4 %
COO stock traded down $4.53 during trading on Friday, hitting $98.70. 3,694,024 shares of the company traded hands, compared to its average volume of 1,287,907. The company has a 50-day moving average of $104.49 and a 200-day moving average of $98.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.18 and a current ratio of 1.99. The Cooper Companies, Inc. has a 1 year low of $82.69 and a 1 year high of $112.38. The firm has a market capitalization of $19.66 billion, a PE ratio of 50.62, a P/E/G ratio of 2.28 and a beta of 0.97.
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 for the quarter, beating the consensus estimate of $1.00 by $0.04. Cooper Companies had a return on equity of 9.08% and a net margin of 9.45%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. The business's revenue was up 9.8% on a year-over-year basis. Analysts predict that The Cooper Companies, Inc. will post 4.03 earnings per share for the current fiscal year.
Cooper Companies Company Profile
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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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