The Cooper Companies, Inc. (NYSE:COO) Position Reduced by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its position in shares of The Cooper Companies, Inc. (NYSE:COOGet Rating) by 4.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,331 shares of the medical device company’s stock after selling 144 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Cooper Companies were worth $1,391,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Riverview Trust Co acquired a new position in shares of Cooper Companies in the 1st quarter valued at about $29,000. Capital Advisors Ltd. LLC increased its holdings in shares of Cooper Companies by 223.1% in the 1st quarter. Capital Advisors Ltd. LLC now owns 126 shares of the medical device company’s stock valued at $53,000 after purchasing an additional 87 shares during the period. Fieldpoint Private Securities LLC increased its holdings in shares of Cooper Companies by 180.0% in the 1st quarter. Fieldpoint Private Securities LLC now owns 140 shares of the medical device company’s stock valued at $58,000 after purchasing an additional 90 shares during the period. US Asset Management LLC acquired a new position in shares of Cooper Companies in the 1st quarter valued at about $81,000. Finally, Byrne Asset Management LLC acquired a new position in shares of Cooper Companies in the 4th quarter valued at about $86,000. 97.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on COO shares. TheStreet downgraded Cooper Companies from a “b-” rating to a “c+” rating in a report on Monday, July 18th. Stifel Nicolaus dropped their price objective on Cooper Companies from $475.00 to $450.00 in a report on Monday, June 6th. Piper Sandler dropped their price objective on Cooper Companies from $425.00 to $375.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Wells Fargo & Company dropped their price objective on Cooper Companies from $370.00 to $365.00 and set an “overweight” rating on the stock in a report on Thursday, September 1st. Finally, Citigroup lowered their price target on Cooper Companies from $406.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, September 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $406.00.

Cooper Companies Stock Down 0.8 %

COO opened at $274.19 on Friday. The Cooper Companies, Inc. has a 1-year low of $271.54 and a 1-year high of $444.22. The company has a current ratio of 1.16, a quick ratio of 0.71 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $13.53 billion, a price-to-earnings ratio of 31.70, a P/E/G ratio of 2.22 and a beta of 0.93. The business has a 50 day moving average of $310.75 and a 200-day moving average of $342.52.

Cooper Companies (NYSE:COOGet Rating) last posted its quarterly earnings data on Wednesday, August 31st. The medical device company reported $3.19 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.01). Cooper Companies had a net margin of 13.38% and a return on equity of 9.22%. The business had revenue of $843.40 million during the quarter, compared to the consensus estimate of $830.22 million. During the same period in the prior year, the company posted $3.41 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Cooper Companies, Inc. will post 12.79 earnings per share for the current year.

Cooper Companies Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, August 11th. Stockholders of record on Wednesday, July 27th were given a $0.03 dividend. The ex-dividend date was Tuesday, July 26th. Cooper Companies’s dividend payout ratio is 0.69%.

Cooper Companies Company Profile

(Get Rating)

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 offers spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, myopia, ocular dryness and eye fatigues in the Americas, Europe, Middle East, Africa, and Asia Pacific.

See Also

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

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