Huntington National Bank lowered its position in shares of Cooper Companies Inc (NYSE:COO) by 9.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,719 shares of the medical device company’s stock after selling 839 shares during the period. Huntington National Bank’s holdings in Cooper Companies were worth $2,190,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in COO. Harvest Fund Management Co. Ltd purchased a new stake in shares of Cooper Companies in the 1st quarter worth about $34,000. Squar Milner Financial Services LLC lifted its position in shares of Cooper Companies by 19.4% in the 1st quarter. Squar Milner Financial Services LLC now owns 326 shares of the medical device company’s stock worth $89,000 after purchasing an additional 53 shares during the period. CSat Investment Advisory L.P. lifted its position in shares of Cooper Companies by 53.6% in the 1st quarter. CSat Investment Advisory L.P. now owns 324 shares of the medical device company’s stock worth $89,000 after purchasing an additional 113 shares during the period. Fifth Third Bancorp lifted its position in shares of Cooper Companies by 21.7% in the 1st quarter. Fifth Third Bancorp now owns 421 shares of the medical device company’s stock worth $116,000 after purchasing an additional 75 shares during the period. Finally, Arden Trust Co purchased a new stake in shares of Cooper Companies in the 1st quarter worth about $120,000. 88.09% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Agostino Ricupati purchased 1,000 shares of Cooper Companies stock in a transaction dated Thursday, June 11th. The stock was purchased at an average cost of $281.47 per share, for a total transaction of $281,470.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Holly R. Sheffield purchased 355 shares of Cooper Companies stock in a transaction dated Wednesday, July 8th. The stock was bought at an average price of $280.00 per share, with a total value of $99,400.00. Following the completion of the purchase, the executive vice president now directly owns 1,285 shares of the company’s stock, valued at $359,800. The disclosure for this purchase can be found here. Insiders bought 3,235 shares of company stock valued at $908,298 over the last quarter. Company insiders own 1.40% of the company’s stock.
Several equities research analysts have recently commented on COO shares. Wells Fargo & Co dropped their target price on shares of Cooper Companies from $388.00 to $329.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Stephens lifted their price target on shares of Cooper Companies from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Jefferies Financial Group lowered their price target on shares of Cooper Companies from $360.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Raymond James lowered their price target on shares of Cooper Companies from $340.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. Finally, Oppenheimer started coverage on shares of Cooper Companies in a research report on Friday, June 5th. They set a “hold” rating and a $330.00 price target for the company. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Cooper Companies has an average rating of “Buy” and an average target price of $330.25.
NYSE:COO opened at $282.93 on Friday. The firm has a market cap of $15.09 billion, a P/E ratio of 26.37, a P/E/G ratio of 3.04 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.58 and a current ratio of 1.14. Cooper Companies Inc has a fifty-two week low of $236.68 and a fifty-two week high of $365.68. The firm has a 50-day simple moving average of $288.34 and a two-hundred day simple moving average of $307.54.
Cooper Companies (NYSE:COO) last released its quarterly earnings data on Thursday, June 4th. The medical device company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.78). The firm had revenue of $524.90 million for the quarter, compared to the consensus estimate of $604.78 million. Cooper Companies had a net margin of 13.50% and a return on equity of 14.67%. The firm’s revenue for the quarter was down 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.94 earnings per share. On average, equities research analysts predict that Cooper Companies Inc will post 8.45 EPS for the current year.
The business also recently declared a Semi-Annual dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 23rd will be paid a $0.03 dividend. The ex-dividend date is Wednesday, July 22nd. Cooper Companies’s dividend payout ratio is presently 0.49%.
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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