Comerica Bank boosted its holdings in shares of Cooper Companies Inc (NYSE:COO) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,902 shares of the medical device company’s stock after purchasing an additional 1,349 shares during the quarter. Comerica Bank’s holdings in Cooper Companies were worth $3,566,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of COO. American Century Companies Inc. boosted its position in Cooper Companies by 471.0% during the third quarter. American Century Companies Inc. now owns 316,233 shares of the medical device company’s stock worth $74,982,000 after purchasing an additional 260,847 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in Cooper Companies by 47.8% during the third quarter. Westfield Capital Management Co. LP now owns 636,882 shares of the medical device company’s stock worth $151,011,000 after purchasing an additional 206,003 shares in the last quarter. Legal & General Group Plc boosted its position in Cooper Companies by 162.8% during the third quarter. Legal & General Group Plc now owns 254,120 shares of the medical device company’s stock worth $60,232,000 after purchasing an additional 157,416 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Cooper Companies in the third quarter valued at approximately $18,948,000. Finally, National Pension Service lifted its position in shares of Cooper Companies by 19,420.5% in the fourth quarter. National Pension Service now owns 57,000 shares of the medical device company’s stock valued at $12,419,000 after acquiring an additional 56,708 shares in the last quarter. Institutional investors own 96.27% of the company’s stock.
Shares of Cooper Companies Inc (NYSE COO) opened at $232.47 on Friday. Cooper Companies Inc has a fifty-two week low of $189.41 and a fifty-two week high of $256.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.41 and a quick ratio of 1.26. The company has a market capitalization of $11,395.91, a P/E ratio of 23.92, a P/E/G ratio of 1.87 and a beta of 0.57.
Cooper Companies (NYSE:COO) last posted its quarterly earnings results on Thursday, December 7th. The medical device company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.64 by $0.01. Cooper Companies had a return on equity of 16.02% and a net margin of 17.43%. The firm had revenue of $561.50 million during the quarter, compared to analysts’ expectations of $558.86 million. During the same quarter last year, the firm earned $2.28 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. research analysts forecast that Cooper Companies Inc will post 11.55 EPS for the current year.
The business also recently declared a semiannual dividend, which was paid on Friday, February 9th. Investors of record on Tuesday, January 23rd were issued a $0.03 dividend. The ex-dividend date was Monday, January 22nd. This represents a dividend yield of 0.03%. Cooper Companies’s dividend payout ratio is presently 0.80%.
Several research firms have recently weighed in on COO. Zacks Investment Research downgraded Cooper Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Oppenheimer set a $250.00 target price on Cooper Companies and gave the company a “hold” rating in a research report on Friday, December 8th. Stifel Nicolaus restated a “buy” rating and issued a $265.00 target price (down previously from $275.00) on shares of Cooper Companies in a research report on Friday, December 8th. Raymond James Financial restated a “buy” rating and issued a $265.00 target price on shares of Cooper Companies in a research report on Monday, December 4th. Finally, Cleveland Research downgraded Cooper Companies from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $259.70.
In related news, Director Stanley Md Zinberg sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $224.66, for a total value of $1,123,300.00. Following the completion of the sale, the director now owns 6,090 shares of the company’s stock, valued at $1,368,179.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gary S. Petersmeyer sold 785 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $229.06, for a total value of $179,812.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,385 shares of company stock valued at $12,289,463. Insiders own 1.60% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.thelincolnianonline.com/2018/02/18/cooper-companies-inc-coo-holdings-boosted-by-comerica-bank.html.
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.
Want to see what other hedge funds are holding COO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cooper Companies Inc (NYSE:COO).
Receive News & Ratings for Cooper Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper Companies and related companies with MarketBeat.com's FREE daily email newsletter.