The Cooper Companies, Inc. (NASDAQ:COO) Shares Bought by Covestor Ltd

Covestor Ltd boosted its position in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 144.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 338 shares of the medical device company’s stock after acquiring an additional 200 shares during the quarter. Covestor Ltd’s holdings in Cooper Companies were worth $37,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Portside Wealth Group LLC raised its holdings in Cooper Companies by 6.5% in the 3rd quarter. Portside Wealth Group LLC now owns 10,157 shares of the medical device company’s stock worth $1,121,000 after purchasing an additional 624 shares during the period. Principal Financial Group Inc. lifted its stake in Cooper Companies by 6.6% during the third quarter. Principal Financial Group Inc. now owns 238,305 shares of the medical device company’s stock worth $26,295,000 after purchasing an additional 14,687 shares in the last quarter. Graypoint LLC acquired a new position in Cooper Companies during the third quarter worth $233,000. Asset Management One Co. Ltd. raised its stake in shares of Cooper Companies by 1.2% in the third quarter. Asset Management One Co. Ltd. now owns 80,149 shares of the medical device company’s stock valued at $8,844,000 after acquiring an additional 964 shares in the last quarter. Finally, Forum Financial Management LP acquired a new stake in shares of Cooper Companies in the third quarter valued at $204,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

Wall Street Analyst Weigh In

COO has been the topic of several recent analyst reports. StockNews.com raised Cooper Companies from a “hold” rating to a “buy” rating in a report on Thursday. Robert W. Baird boosted their price target on Cooper Companies from $118.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Needham & Company LLC reiterated a “hold” rating on shares of Cooper Companies in a report on Thursday, August 29th. Morgan Stanley upped their price objective on Cooper Companies from $95.00 to $104.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Company upped their price target on shares of Cooper Companies from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.00.

Insider Buying and Selling

In other Cooper Companies news, CFO Brian G. Andrews sold 24,788 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $105.90, for a total value of $2,625,049.20. Following the completion of the sale, the chief financial officer now owns 6,614 shares in the company, valued at $700,422.60. This represents a 78.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Daniel G. Mcbride sold 114,992 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $105.48, for a total transaction of $12,129,356.16. Following the transaction, the chief operating officer now owns 44,696 shares in the company, valued at $4,714,534.08. This represents a 72.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 256,373 shares of company stock worth $27,637,427. Corporate insiders own 2.00% of the company’s stock.

Cooper Companies Stock Performance

Shares of COO stock opened at $99.63 on Friday. The stock has a market capitalization of $19.84 billion, a price-to-earnings ratio of 55.50, a PEG ratio of 2.20 and a beta of 0.99. The Cooper Companies, Inc. has a one year low of $82.21 and a one year high of $112.38. The company’s 50-day simple moving average is $106.83 and its 200-day simple moving average is $97.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.18 and a current ratio of 1.99.

Cooper Companies (NASDAQ:COO) last announced its quarterly earnings results on Wednesday, August 28th. The medical device company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.91 by $0.05. Cooper Companies had a net margin of 9.45% and a return on equity of 9.08%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $997.30 million. During the same quarter last year, the business earned $0.84 earnings per share. Cooper Companies’s revenue was up 7.8% compared to the same quarter last year. Equities analysts anticipate that The Cooper Companies, Inc. will post 3.65 earnings per share for the current fiscal year.

Cooper Companies Profile

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.