Asset Management One Co. Ltd. Sells 5,902 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

Asset Management One Co. Ltd. cut its holdings in The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,247 shares of the medical device company's stock after selling 5,902 shares during the period. Asset Management One Co. Ltd.'s holdings in Cooper Companies were worth $6,856,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new stake in shares of Cooper Companies in the 3rd quarter valued at about $121,000. Vontobel Holding Ltd. lifted its position in Cooper Companies by 7.8% in the third quarter. Vontobel Holding Ltd. now owns 5,208 shares of the medical device company's stock valued at $575,000 after purchasing an additional 377 shares during the last quarter. Bleakley Financial Group LLC lifted its position in Cooper Companies by 2.1% in the third quarter. Bleakley Financial Group LLC now owns 5,767 shares of the medical device company's stock valued at $636,000 after purchasing an additional 119 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Cooper Companies by 2.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,354 shares of the medical device company's stock valued at $3,570,000 after purchasing an additional 715 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Cooper Companies by 240.1% in the third quarter. Blue Trust Inc. now owns 1,881 shares of the medical device company's stock worth $208,000 after purchasing an additional 1,328 shares during the last quarter. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

Cooper Companies Stock Down 0.2 %

Shares of COO stock traded down $0.21 during trading hours on Friday, hitting $88.48. 1,564,854 shares of the company's stock traded hands, compared to its average volume of 1,460,937. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The stock has a market cap of $17.66 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 2.19 and a beta of 1.00. The stock's fifty day simple moving average is $92.94 and its two-hundred day simple moving average is $99.55. The Cooper Companies, Inc. has a 12-month low of $84.76 and a 12-month high of $112.38.

Cooper Companies (NASDAQ:COO - Get Free Report) last released its earnings results on Thursday, December 5th. The medical device company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the company posted $0.87 earnings per share. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. On average, analysts expect that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Wall Street Analyst Weigh In

COO has been the subject of a number of recent analyst reports. Citigroup lowered their price target on shares of Cooper Companies from $116.00 to $115.00 and set a "buy" rating for the company in a report on Friday, December 6th. Morgan Stanley lowered their price objective on shares of Cooper Companies from $104.00 to $102.00 and set an "equal weight" rating for the company in a research note on Friday, December 6th. StockNews.com cut Cooper Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Wells Fargo & Company boosted their price target on Cooper Companies from $115.00 to $118.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Cooper Companies in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.