Public Employees Retirement Association of Colorado boosted its position in Cooper Companies, Inc. (The) (NYSE:COO) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,851 shares of the medical device company’s stock after buying an additional 14 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Cooper Companies, Inc. (The) were worth $2,359,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Cooper Companies, Inc. (The) by 2,849.1% in the first quarter. BlackRock Inc. now owns 3,071,637 shares of the medical device company’s stock worth $613,991,000 after buying an additional 2,967,481 shares in the last quarter. Janus Capital Management LLC boosted its position in Cooper Companies, Inc. (The) by 35.7% in the first quarter. Janus Capital Management LLC now owns 1,743,182 shares of the medical device company’s stock worth $348,441,000 after buying an additional 458,173 shares in the last quarter. Findlay Park Partners LLP acquired a new position in Cooper Companies, Inc. (The) during the first quarter worth approximately $55,664,000. Vanguard Group Inc. boosted its position in Cooper Companies, Inc. (The) by 5.4% in the first quarter. Vanguard Group Inc. now owns 4,781,732 shares of the medical device company’s stock worth $955,821,000 after buying an additional 244,531 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new position in shares of Cooper Companies, Inc. (The) during the first quarter valued at about $46,885,000. Institutional investors own 98.06% of the company’s stock.
Shares of Cooper Companies, Inc. (COO) opened at 245.05 on Friday. The firm has a market capitalization of $11.97 billion, a PE ratio of 36.74 and a beta of 0.61. Cooper Companies, Inc. has a 52-week low of $158.73 and a 52-week high of $256.39. The stock’s 50 day moving average price is $245.29 and its 200-day moving average price is $217.13.
Cooper Companies, Inc. (The) (NYSE:COO) last announced its quarterly earnings data on Thursday, June 1st. The medical device company reported $2.50 EPS for the quarter, beating the Zacks’ consensus estimate of $2.25 by $0.25. Cooper Companies, Inc. (The) had a net margin of 16.02% and a return on equity of 15.88%. The firm had revenue of $522.40 million for the quarter, compared to the consensus estimate of $520.71 million. During the same period in the previous year, the firm posted $2.05 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. Equities research analysts anticipate that Cooper Companies, Inc. will post $9.63 EPS for the current fiscal year.
The business also recently disclosed a semiannual dividend, which was paid on Monday, August 7th. Investors of record on Friday, July 21st were given a dividend of $0.03 per share. This represents a yield of 0.02%. The ex-dividend date was Wednesday, July 19th. Cooper Companies, Inc. (The)’s payout ratio is presently 0.90%.
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Several research analysts recently issued reports on the company. Jefferies Group LLC set a $250.00 price objective on Cooper Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research cut Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. BidaskClub cut Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. KeyCorp reaffirmed a “sector weight” rating on shares of Cooper Companies, Inc. (The) in a research report on Friday, July 21st. Finally, Piper Jaffray Companies increased their price objective on Cooper Companies, Inc. (The) to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 19th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $242.00.
In other news, COO Daniel G. Mcbride sold 6,000 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $244.23, for a total value of $1,465,380.00. Following the completion of the sale, the chief operating officer now directly owns 34,395 shares in the company, valued at $8,400,290.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul L. Remmell sold 9,294 shares of the business’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $248.46, for a total transaction of $2,309,187.24. Following the completion of the sale, the chief executive officer now owns 6,186 shares of the company’s stock, valued at $1,536,973.56. The disclosure for this sale can be found here. Insiders have sold 67,331 shares of company stock worth $16,400,454 over the last ninety days. 1.60% of the stock is currently owned by insiders.
Cooper Companies, Inc. (The) Company Profile
The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.
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