Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Cooper Companies Inc (NYSE:COO) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,856 shares of the medical device company’s stock after purchasing an additional 2,044 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Cooper Companies were worth $10,427,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board purchased a new position in Cooper Companies during the 3rd quarter valued at approximately $163,000. Virtue Capital Management LLC purchased a new position in Cooper Companies during the 4th quarter valued at approximately $195,000. FNY Managed Accounts LLC purchased a new position in Cooper Companies during the 4th quarter valued at approximately $217,000. CAPROCK Group Inc. purchased a new position in Cooper Companies during the 4th quarter valued at approximately $222,000. Finally, Everence Capital Management Inc. purchased a new position in Cooper Companies during the 4th quarter valued at approximately $253,000. 98.55% of the stock is currently owned by institutional investors.
In related news, Director Allan E. Rubenstein sold 500 shares of the business’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $222.00, for a total transaction of $111,000.00. Following the completion of the transaction, the director now owns 6,590 shares in the company, valued at approximately $1,462,980. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert S. Weiss sold 36,769 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $242.35, for a total value of $8,910,967.15. Following the transaction, the chief executive officer now owns 135,936 shares of the company’s stock, valued at approximately $32,944,089.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,516 shares of company stock valued at $24,459,155. Company insiders own 1.60% of the company’s stock.
Cooper Companies Inc (COO) opened at $233.89 on Thursday. The company has a market capitalization of $11,470.00, a P/E ratio of 30.73, a PEG ratio of 1.86 and a beta of 0.61. The company has a quick ratio of 1.61, a current ratio of 2.83 and a debt-to-equity ratio of 0.75. Cooper Companies Inc has a 1-year low of $192.90 and a 1-year high of $260.26.
Cooper Companies (NYSE:COO) last announced its earnings results on Thursday, March 8th. The medical device company reported $2.79 EPS for the quarter, topping the Zacks’ consensus estimate of $2.51 by $0.28. The firm had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $583.07 million. Cooper Companies had a return on equity of 16.90% and a net margin of 7.83%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 EPS. research analysts forecast that Cooper Companies Inc will post 11.83 earnings per share for the current year.
Several equities analysts have weighed in on COO shares. Stifel Nicolaus restated a “buy” rating and set a $265.00 price target (down previously from $275.00) on shares of Cooper Companies in a report on Friday, December 8th. Raymond James Financial restated a “buy” rating and set a $265.00 price target on shares of Cooper Companies in a report on Monday, December 4th. Jefferies Group restated a “buy” rating and set a $285.00 price target on shares of Cooper Companies in a report on Friday, March 9th. TheStreet cut Cooper Companies from a “b” rating to a “c” rating in a report on Thursday, March 8th. Finally, Oppenheimer set a $265.00 price target on Cooper Companies and gave the company a “hold” rating in a report on Friday, March 9th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Cooper Companies has an average rating of “Hold” and a consensus price target of $267.50.
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About Cooper Companies
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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