Cooper Companies Inc (NYSE:COO) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in Cooper Companies Inc (NYSE:COO) by 14.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,505 shares of the medical device company’s stock after selling 7,757 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.10% of Cooper Companies worth $11,027,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advisory Services Network LLC grew its holdings in Cooper Companies by 30.6% in the 2nd quarter. Advisory Services Network LLC now owns 457 shares of the medical device company’s stock valued at $109,000 after buying an additional 107 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in Cooper Companies by 2.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 531 shares of the medical device company’s stock valued at $126,000 after buying an additional 11 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in Cooper Companies by 50.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 600 shares of the medical device company’s stock valued at $144,000 after buying an additional 200 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Cooper Companies in the 3rd quarter valued at $163,000. Finally, Penserra Capital Management LLC grew its holdings in Cooper Companies by 13.0% in the 2nd quarter. Penserra Capital Management LLC now owns 884 shares of the medical device company’s stock valued at $211,000 after buying an additional 102 shares in the last quarter. 96.73% of the stock is owned by hedge funds and other institutional investors.

Cooper Companies Inc (NYSE:COO) traded down $3.74 during midday trading on Thursday, hitting $228.64. The stock had a trading volume of 660,263 shares, compared to its average volume of 517,745. Cooper Companies Inc has a fifty-two week low of $175.73 and a fifty-two week high of $256.39. The stock has a market cap of $11,170.00, a PE ratio of 30.40, a PEG ratio of 1.86 and a beta of 0.54. The company has a current ratio of 2.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

Cooper Companies (NYSE:COO) last announced its earnings results on Thursday, December 7th. The medical device company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.01. Cooper Companies had a return on equity of 16.02% and a net margin of 17.43%. The company had revenue of $561.50 million during the quarter, compared to analysts’ expectations of $558.86 million. During the same period last year, the business posted $2.28 EPS. Cooper Companies’s revenue for the quarter was up 8.3% on a year-over-year basis. analysts expect that Cooper Companies Inc will post 11.51 EPS for the current fiscal year.

The company also recently announced a semiannual dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 23rd will be issued a dividend of $0.03 per share. This represents a yield of 0.03%. The ex-dividend date is Monday, January 22nd. Cooper Companies’s dividend payout ratio (DPR) is 0.80%.

Several brokerages have issued reports on COO. Zacks Investment Research cut Cooper Companies from a “buy” rating to a “hold” rating in a report on Monday. Oppenheimer set a $250.00 target price on Cooper Companies and gave the company a “hold” rating in a report on Friday, December 8th. Stifel Nicolaus restated a “buy” rating and issued a $265.00 target price (down from $275.00) on shares of Cooper Companies in a report on Friday, December 8th. Raymond James Financial reiterated a “buy” rating and set a $265.00 price target on shares of Cooper Companies in a report on Monday, December 4th. Finally, KeyCorp reiterated a “hold” rating on shares of Cooper Companies in a report on Friday, October 20th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $259.70.

In other Cooper Companies news, Director A Thomas Bender sold 9,150 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $229.17, for a total value of $2,096,905.50. Following the sale, the director now owns 11,205 shares of the company’s stock, valued at approximately $2,567,849.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Allan E. Rubenstein sold 500 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $222.00, for a total value of $111,000.00. Following the completion of the sale, the director now directly owns 6,590 shares in the company, valued at approximately $1,462,980. The disclosure for this sale can be found here. Insiders have sold a total of 47,935 shares of company stock valued at $10,813,768 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

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Cooper Companies 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.

Institutional Ownership by Quarter for Cooper Companies (NYSE:COO)

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