Cooper Companies Inc (NYSE:COO) Director Allan E. Rubenstein sold 6,450 shares of Cooper Companies stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $228.79, for a total transaction of $1,475,695.50. Following the transaction, the director now directly owns 8,628 shares of the company’s stock, valued at $1,974,000.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Cooper Companies Inc (COO) opened at $235.19 on Thursday. The firm has a market cap of $11,490.00, a PE ratio of 31.28, a price-to-earnings-growth ratio of 1.87 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 2.41. Cooper Companies Inc has a 12 month low of $179.41 and a 12 month high of $256.39.
Cooper Companies (NYSE:COO) last released its quarterly earnings data on Thursday, December 7th. The medical device company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.01. The business had revenue of $561.50 million during the quarter, compared to analyst estimates of $558.86 million. Cooper Companies had a net margin of 17.43% and a return on equity of 16.02%. Cooper Companies’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $2.28 EPS. equities research analysts predict that Cooper Companies Inc will post 11.51 earnings per share for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 23rd will be paid a dividend of $0.03 per share. The ex-dividend date is Monday, January 22nd. This represents a yield of 0.03%. Cooper Companies’s dividend payout ratio is currently 0.80%.
A number of large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC grew its stake in shares of Cooper Companies by 30.6% in the second quarter. Advisory Services Network LLC now owns 457 shares of the medical device company’s stock worth $109,000 after acquiring an additional 107 shares during the period. YorkBridge Wealth Partners LLC grew its stake in shares of Cooper Companies by 2.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 531 shares of the medical device company’s stock worth $126,000 after acquiring an additional 11 shares during the period. Acrospire Investment Management LLC grew its stake in shares of Cooper Companies by 50.0% in the second quarter. Acrospire Investment Management LLC now owns 600 shares of the medical device company’s stock worth $144,000 after acquiring an additional 200 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Cooper Companies in the third quarter worth approximately $163,000. Finally, CAPROCK Group Inc. bought a new stake in shares of Cooper Companies in the fourth quarter worth approximately $222,000. Institutional investors and hedge funds own 96.73% of the company’s stock.
A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Cooper Companies from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Oppenheimer set a $250.00 price target on shares of Cooper Companies and gave the company a “hold” rating in a research report on Friday, December 8th. Stifel Nicolaus reissued a “buy” rating and set a $265.00 price target (down from $275.00) on shares of Cooper Companies in a research report on Friday, December 8th. Raymond James Financial reissued a “buy” rating and set a $265.00 price target on shares of Cooper Companies in a research report on Monday, December 4th. Finally, KeyCorp restated a “hold” rating on shares of Cooper Companies in a research note on Friday, October 20th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Cooper Companies currently has an average rating of “Buy” and a consensus price target of $259.70.
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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.
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