Cooper Companies, Inc. (The) (NYSE:COO) Position Decreased by Strs Ohio

Strs Ohio decreased its position in Cooper Companies, Inc. (The) (NYSE:COO) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,382 shares of the medical device company’s stock after selling 245 shares during the period. Strs Ohio owned about 0.29% of Cooper Companies, Inc. (The) worth $33,610,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC increased its stake in Cooper Companies, Inc. (The) by 18.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 520 shares of the medical device company’s stock worth $105,000 after buying an additional 81 shares during the period. Archford Capital Strategies LLC increased its stake in Cooper Companies, Inc. (The) by 116.7% in the first quarter. Archford Capital Strategies LLC now owns 674 shares of the medical device company’s stock worth $135,000 after buying an additional 363 shares during the last quarter. Penserra Capital Management LLC increased its stake in Cooper Companies, Inc. (The) by 9.5% in the first quarter. Penserra Capital Management LLC now owns 782 shares of the medical device company’s stock worth $156,000 after buying an additional 68 shares during the last quarter. Pacer Advisors Inc. increased its stake in Cooper Companies, Inc. (The) by 3.8% in the first quarter. Pacer Advisors Inc. now owns 848 shares of the medical device company’s stock worth $170,000 after buying an additional 31 shares during the last quarter. Finally, Visionary Asset Management Inc. acquired a new stake in Cooper Companies, Inc. (The) during the second quarter worth approximately $201,000. Institutional investors own 98.06% of the company’s stock.

Shares of Cooper Companies, Inc. (NYSE:COO) opened at 245.05 on Friday. The firm has a 50-day moving average of $245.29 and a 200-day moving average of $217.13. Cooper Companies, Inc. has a 1-year low of $158.73 and a 1-year high of $256.39. 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. (The) (NYSE:COO) last announced its quarterly earnings data on Thursday, June 1st. The medical device company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.25. The firm had revenue of $522.40 million during the quarter, compared to the consensus estimate of $520.71 million. Cooper Companies, Inc. (The) had a return on equity of 15.88% and a net margin of 16.02%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 EPS. On average, equities research analysts anticipate that Cooper Companies, Inc. will post $9.63 EPS for the current fiscal year.

The company also recently declared a semiannual dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 21st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a dividend yield of 0.02%. Cooper Companies, Inc. (The)’s payout ratio is 0.90%.

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A number of analysts recently commented on the stock. KeyCorp reiterated a “sector weight” rating on shares of Cooper Companies, Inc. (The) in a report on Friday, July 21st. Piper Jaffray Companies lifted their target price on shares of Cooper Companies, Inc. (The) to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 19th. BidaskClub downgraded shares of Cooper Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. BMO Capital Markets reissued a “buy” rating and issued a $255.00 target price on shares of Cooper Companies, Inc. (The) in a research report on Thursday, July 13th. Finally, Jefferies Group LLC set a $250.00 target price on shares of Cooper Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Cooper Companies, Inc. (The) currently has an average rating of “Buy” and an average price target of $242.00.

In other news, Director Stanley Md Zinberg sold 816 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $243.14, for a total transaction of $198,402.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paul L. Remmell sold 9,294 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $248.46, for a total value of $2,309,187.24. Following the transaction, the chief executive officer now owns 6,186 shares of the company’s stock, valued at approximately $1,536,973.56. The disclosure for this sale can be found here. Insiders have sold a total of 67,331 shares of company stock valued at $16,400,454 in the last quarter. 1.60% of the stock is owned by corporate 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.

Institutional Ownership by Quarter for Cooper Companies, Inc. (The) (NYSE:COO)

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