Squar Milner Financial Services LLC Increases Stock Position in Cooper Companies Inc (NYSE:COO)

Squar Milner Financial Services LLC increased its position in shares of Cooper Companies Inc (NYSE:COO) by 225.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 273 shares of the medical device company’s stock after buying an additional 189 shares during the period. Squar Milner Financial Services LLC’s holdings in Cooper Companies were worth $87,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Trust N.A. raised its position in shares of Cooper Companies by 3.5% in the fourth quarter. Raymond James Trust N.A. now owns 967 shares of the medical device company’s stock valued at $310,000 after buying an additional 33 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Cooper Companies by 0.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,894 shares of the medical device company’s stock valued at $2,996,000 after purchasing an additional 41 shares during the period. Mirador Capital Partners LP grew its holdings in shares of Cooper Companies by 3.6% in the fourth quarter. Mirador Capital Partners LP now owns 1,421 shares of the medical device company’s stock valued at $457,000 after purchasing an additional 49 shares during the period. Wedbush Securities Inc. grew its holdings in shares of Cooper Companies by 3.7% in the third quarter. Wedbush Securities Inc. now owns 1,589 shares of the medical device company’s stock valued at $472,000 after purchasing an additional 56 shares during the period. Finally, CSat Investment Advisory L.P. grew its holdings in shares of Cooper Companies by 105.6% in the second quarter. CSat Investment Advisory L.P. now owns 148 shares of the medical device company’s stock valued at $50,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 96.32% of the company’s stock.

Shares of COO opened at $359.98 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $17.59 billion, a P/E ratio of 38.54, a P/E/G ratio of 2.61 and a beta of 0.91. The firm has a 50-day moving average price of $325.43 and a 200 day moving average price of $314.65. Cooper Companies Inc has a 12-month low of $264.84 and a 12-month high of $365.68.

Cooper Companies (NYSE:COO) last announced its earnings results on Thursday, December 5th. The medical device company reported $3.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.27 by $0.03. The company had revenue of $691.60 million during the quarter, compared to analyst estimates of $683.83 million. Cooper Companies had a net margin of 17.59% and a return on equity of 17.38%. Cooper Companies’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.87 earnings per share. Equities research analysts predict that Cooper Companies Inc will post 12.8 earnings per share for the current fiscal year.

The business also recently announced a semi-annual dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 23rd will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, January 22nd. Cooper Companies’s dividend payout ratio (DPR) is presently 0.49%.

A number of equities research analysts recently issued reports on the stock. Raymond James dropped their price objective on shares of Cooper Companies from $364.00 to $355.00 and set an “in-line” rating for the company in a report on Friday, December 6th. Piper Jaffray Companies reissued a “buy” rating and issued a $344.00 price objective on shares of Cooper Companies in a report on Friday, December 6th. Wells Fargo & Co upped their price objective on shares of Cooper Companies from $360.00 to $388.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. KeyCorp upped their price objective on shares of Cooper Companies from $351.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Jefferies Financial Group dropped their price objective on shares of Cooper Companies from $358.00 to $330.00 and set an “in-line” rating for the company in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $344.70.

In other Cooper Companies news, Director Michael Kalkstein sold 9,500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $320.35, for a total transaction of $3,043,325.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jody S. Lindell sold 3,500 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $321.01, for a total transaction of $1,123,535.00. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Cooper Companies Profile

The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.

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

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