Cooper Companies Inc (NYSE:COO) Stock Holdings Raised by Strs Ohio

Strs Ohio raised its stake in Cooper Companies Inc (NYSE:COO) by 1.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,682 shares of the medical device company’s stock after acquiring an additional 177 shares during the period. Strs Ohio’s holdings in Cooper Companies were worth $3,935,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COO. Flagship Harbor Advisors LLC boosted its holdings in shares of Cooper Companies by 62.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 78 shares of the medical device company’s stock valued at $26,000 after buying an additional 30 shares during the period. Evolution Wealth Advisors LLC acquired a new position in shares of Cooper Companies in the 2nd quarter valued at about $34,000. Whittier Trust Co. acquired a new position in shares of Cooper Companies in the 2nd quarter valued at about $53,000. Quadrant Capital Group LLC boosted its holdings in shares of Cooper Companies by 827.8% in the 1st quarter. Quadrant Capital Group LLC now owns 167 shares of the medical device company’s stock valued at $47,000 after buying an additional 149 shares during the period. Finally, Zions Bancorporation N.A. acquired a new position in shares of Cooper Companies in the 1st quarter valued at about $53,000. 96.86% of the stock is owned by institutional investors.

In other Cooper Companies news, Director Jody S. Lindell sold 3,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $328.29, for a total transaction of $984,870.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Randal Golden sold 1,154 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $328.16, for a total transaction of $378,696.64. Following the sale, the vice president now owns 1,148 shares in the company, valued at $376,727.68. The disclosure for this sale can be found here. Insiders have sold a total of 77,678 shares of company stock valued at $25,063,536 over the last three months. 1.70% of the stock is currently owned by company insiders.

Several research analysts have recently commented on COO shares. Raymond James lifted their price target on shares of Cooper Companies from $325.00 to $364.00 and gave the company an “outperform” rating in a report on Tuesday, July 2nd. Wells Fargo & Co lifted their price target on shares of Cooper Companies from $356.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday. Zacks Investment Research raised shares of Cooper Companies from a “hold” rating to a “buy” rating and set a $336.00 price target for the company in a report on Friday, June 7th. Finally, Northcoast Research reaffirmed a “buy” rating and issued a $340.00 price target (up from $331.00) on shares of Cooper Companies in a report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $319.73.

Cooper Companies stock opened at $336.87 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.21 and a quick ratio of 0.68. The firm’s 50-day moving average price is $333.18. The firm has a market cap of $16.67 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 2.51 and a beta of 0.90. Cooper Companies Inc has a 52-week low of $228.65 and a 52-week high of $343.33.

Cooper Companies (NYSE:COO) last posted its earnings results on Thursday, May 30th. The medical device company reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.18. The firm had revenue of $654.30 million during the quarter, compared to analyst estimates of $655.00 million. Cooper Companies had a net margin of 16.46% and a return on equity of 17.25%. Cooper Companies’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.86 EPS. Research analysts anticipate that Cooper Companies Inc will post 12.27 earnings per share for the current year.

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, August 7th. Shareholders of record on Tuesday, July 23rd were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, July 22nd. Cooper Companies’s payout ratio is 0.52%.

Cooper Companies Company Profile

The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.

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

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