Arizona State Retirement System Acquires 2,000 Shares of Cooper Companies Inc (COO)

Arizona State Retirement System lifted its holdings in shares of Cooper Companies Inc (NYSE:COO) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,637 shares of the medical device company’s stock after acquiring an additional 2,000 shares during the quarter. Arizona State Retirement System’s holdings in Cooper Companies were worth $10,379,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Advisory Services Network LLC lifted its holdings in shares of Cooper Companies by 30.6% during the 2nd quarter. Advisory Services Network LLC now owns 457 shares of the medical device company’s stock valued at $109,000 after acquiring an additional 107 shares in the last quarter. Motley Fool Asset Management LLC lifted its holdings in shares of Cooper Companies by 2.8% during the 3rd quarter. Motley Fool Asset Management LLC now owns 36,400 shares of the medical device company’s stock valued at $8,631,000 after acquiring an additional 1,000 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Cooper Companies by 11.4% during the 3rd quarter. California Public Employees Retirement System now owns 120,582 shares of the medical device company’s stock valued at $28,591,000 after acquiring an additional 12,382 shares in the last quarter. Korea Investment CORP lifted its holdings in shares of Cooper Companies by 23.9% during the 3rd quarter. Korea Investment CORP now owns 17,109 shares of the medical device company’s stock valued at $4,057,000 after acquiring an additional 3,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Cooper Companies by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 185,979 shares of the medical device company’s stock valued at $44,525,000 after acquiring an additional 1,713 shares in the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Several research firms recently weighed in on COO. Cleveland Research lowered shares of Cooper Companies from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Raymond James Financial restated a “buy” rating and set a $265.00 target price on shares of Cooper Companies in a report on Monday, December 4th. Zacks Investment Research upgraded shares of Cooper Companies from a “hold” rating to a “buy” rating and set a $257.00 target price on the stock in a report on Tuesday, November 14th. Oppenheimer set a $250.00 price objective on shares of Cooper Companies and gave the stock a “hold” rating in a report on Friday, December 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $265.00 price objective (down previously from $275.00) on shares of Cooper Companies in a report on Friday, December 8th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $259.70.

In other news, CEO Robert S. Weiss sold 32,500 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $224.70, for a total value of $7,302,750.00. Following the completion of the sale, the chief executive officer now owns 119,111 shares of the company’s stock, valued at approximately $26,764,241.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A Thomas Bender sold 9,150 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $229.17, for a total transaction of $2,096,905.50. Following the completion of the sale, the director now directly owns 11,205 shares of the company’s stock, valued at approximately $2,567,849.85. The disclosure for this sale can be found here. Insiders sold a total of 54,385 shares of company stock worth $12,289,463 in the last quarter. 1.60% of the stock is currently owned by company insiders.

Cooper Companies Inc (COO) opened at $232.47 on Monday. Cooper Companies Inc has a 1-year low of $190.18 and a 1-year 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 cap of $11,400.00, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 1.87 and a beta of 0.57.

Cooper Companies (NYSE:COO) last issued its quarterly earnings data on Thursday, December 7th. The medical device company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.01. Cooper Companies had a net margin of 17.43% and a return on equity of 16.02%. The firm had revenue of $561.50 million for the quarter, compared to analyst estimates of $558.86 million. During the same quarter in the previous year, the business posted $2.28 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. equities analysts expect that Cooper Companies Inc will post 11.55 earnings per share for the current fiscal year.

The company also recently disclosed a semiannual dividend, which was paid on Friday, February 9th. Shareholders of record on Tuesday, January 23rd were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, January 22nd. This represents a yield of 0.03%. Cooper Companies’s dividend payout ratio is currently 0.80%.

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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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Institutional Ownership by Quarter for Cooper Companies (NYSE:COO)

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