Teachers Retirement System of The State of Kentucky Sells 1,288 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

Teachers Retirement System of The State of Kentucky lessened its holdings in The Cooper Companies, Inc. (NASDAQ:COO) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,728 shares of the medical device company’s stock after selling 1,288 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Cooper Companies were worth $1,354,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Cooper Companies during the 4th quarter valued at approximately $691,000. Highland Capital Management LLC acquired a new stake in Cooper Companies in the fourth quarter valued at approximately $4,004,000. Caprock Group LLC bought a new stake in shares of Cooper Companies during the fourth quarter worth $282,000. Franklin Resources Inc. increased its holdings in shares of Cooper Companies by 194.0% during the third quarter. Franklin Resources Inc. now owns 48,892 shares of the medical device company’s stock worth $5,265,000 after buying an additional 32,260 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Cooper Companies by 6.6% during the third quarter. Principal Financial Group Inc. now owns 238,305 shares of the medical device company’s stock worth $26,295,000 after buying an additional 14,687 shares in the last quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

Analyst Upgrades and Downgrades

COO has been the topic of several recent research reports. Robert W. Baird reduced their price objective on Cooper Companies from $117.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. BNP Paribas upgraded Cooper Companies to a “hold” rating in a report on Thursday, March 13th. Needham & Company LLC reiterated a “hold” rating on shares of Cooper Companies in a report on Friday, March 7th. Stifel Nicolaus cut their target price on shares of Cooper Companies from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, Piper Sandler reiterated an “overweight” rating and set a $115.00 price target (down previously from $120.00) on shares of Cooper Companies in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cooper Companies presently has an average rating of “Moderate Buy” and an average target price of $110.25.

Cooper Companies Trading Down 2.0 %

COO opened at $80.89 on Friday. The Cooper Companies, Inc. has a twelve month low of $69.81 and a twelve month high of $112.38. The company has a fifty day moving average of $82.13 and a 200-day moving average of $92.68. The stock has a market cap of $16.18 billion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 2.25 and a beta of 1.01. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.32.

Cooper Companies (NASDAQ:COO) last issued its quarterly earnings results on Thursday, March 6th. The medical device company reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. The firm had revenue of $964.70 million during the quarter, compared to the consensus estimate of $981.25 million. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. On average, sell-side analysts predict that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Cooper Companies Profile

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.