Motley Fool Asset Management LLC Reduces Position in The Cooper Companies, Inc. $COO

Motley Fool Asset Management LLC lessened its holdings in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 23.0% in the 2nd quarter, Holdings Channel reports. The fund owned 39,250 shares of the medical device company’s stock after selling 11,710 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Cooper Companies were worth $2,793,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Cooper Companies by 1.8% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 34,320 shares of the medical device company’s stock valued at $2,442,000 after acquiring an additional 600 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Cooper Companies by 4.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 30,366 shares of the medical device company’s stock valued at $2,161,000 after acquiring an additional 1,191 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in Cooper Companies by 2,567.7% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 83,046 shares of the medical device company’s stock valued at $5,910,000 after acquiring an additional 79,933 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Cooper Companies by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 644,569 shares of the medical device company’s stock valued at $45,868,000 after acquiring an additional 2,322 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in Cooper Companies by 50.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 22,056 shares of the medical device company’s stock valued at $1,570,000 after acquiring an additional 7,354 shares in the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Cooper Companies Stock Performance

Cooper Companies stock opened at $71.75 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.12 and a quick ratio of 1.24. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 35.35, a price-to-earnings-growth ratio of 1.91 and a beta of 1.02. The firm has a 50 day simple moving average of $69.61 and a 200-day simple moving average of $73.16. The Cooper Companies, Inc. has a 1-year low of $61.78 and a 1-year high of $107.84.

Cooper Companies (NASDAQ:COO) last posted its quarterly earnings data on Wednesday, August 27th. The medical device company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Cooper Companies had a net margin of 10.08% and a return on equity of 9.82%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $0.96 EPS. Cooper Companies has set its Q4 2025 guidance at 1.100-1.140 EPS. FY 2025 guidance at 4.080-4.120 EPS. On average, analysts expect that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Cooper Companies declared that its Board of Directors has approved a stock buyback plan on Wednesday, September 17th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the medical device company to reacquire up to 15.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, COO Gerard H. Warner III acquired 1,450 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was purchased at an average price of $69.23 per share, with a total value of $100,383.50. Following the transaction, the chief operating officer owned 18,319 shares of the company’s stock, valued at approximately $1,268,224.37. This trade represents a 8.60% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Daniel G. Mcbride acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were bought at an average cost of $65.04 per share, with a total value of $195,120.00. Following the transaction, the chief operating officer directly owned 63,120 shares in the company, valued at $4,105,324.80. This trade represents a 4.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 17,975 shares of company stock worth $1,216,346 in the last three months. 1.98% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

COO has been the subject of several research reports. Robert W. Baird dropped their price objective on shares of Cooper Companies from $97.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, August 28th. Mizuho dropped their price target on shares of Cooper Companies from $105.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, July 16th. Wall Street Zen cut shares of Cooper Companies from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cooper Companies in a research note on Wednesday, October 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $94.00 price target on shares of Cooper Companies in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.77.

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.