Cooper Companies Inc (COO) Holdings Reduced by Comerica Bank

Comerica Bank lowered its position in Cooper Companies Inc (NYSE:COO) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,584 shares of the medical device company’s stock after selling 72 shares during the quarter. Comerica Bank’s holdings in Cooper Companies were worth $3,088,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of COO. Norges Bank acquired a new stake in shares of Cooper Companies in the 4th quarter valued at about $117,156,000. Veritas Asset Management LLP raised its stake in shares of Cooper Companies by 77.8% in the 1st quarter. Veritas Asset Management LLP now owns 981,302 shares of the medical device company’s stock valued at $290,632,000 after purchasing an additional 429,340 shares in the last quarter. BlackRock Inc. raised its stake in shares of Cooper Companies by 7.1% in the 4th quarter. BlackRock Inc. now owns 3,732,729 shares of the medical device company’s stock valued at $949,981,000 after purchasing an additional 246,088 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Cooper Companies by 481.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 196,798 shares of the medical device company’s stock valued at $50,085,000 after purchasing an additional 162,980 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Cooper Companies by 4.1% in the 1st quarter. Janus Henderson Group PLC now owns 2,834,318 shares of the medical device company’s stock valued at $839,449,000 after purchasing an additional 112,906 shares in the last quarter.

In other Cooper Companies news, insider Robert D. Auerbach sold 5,326 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $300.00, for a total value of $1,597,800.00. Following the completion of the transaction, the insider now owns 4,954 shares in the company, valued at approximately $1,486,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gary S. Petersmeyer sold 799 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $286.88, for a total transaction of $229,217.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,030 shares of company stock valued at $25,461,465. 1.70% of the stock is owned by insiders.

NYSE COO opened at $289.48 on Tuesday. Cooper Companies Inc has a 52 week low of $221.50 and a 52 week high of $302.36. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 2.27 and a beta of 0.85.

Cooper Companies (NYSE:COO) last posted its earnings results on Tuesday, March 5th. The medical device company reported $2.88 EPS for the quarter, topping the consensus estimate of $2.50 by $0.38. Cooper Companies had a net margin of 14.22% and a return on equity of 17.56%. The firm had revenue of $628.10 million during the quarter, compared to analysts’ expectations of $618.50 million. As a group, equities analysts expect that Cooper Companies Inc will post 12.01 earnings per share for the current year.

A number of equities research analysts recently weighed in on COO shares. Zacks Investment Research raised shares of Cooper Companies from a “hold” rating to a “buy” rating and set a $317.00 price objective for the company in a research report on Friday, March 8th. Jefferies Financial Group boosted their price objective on shares of Cooper Companies to $330.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Wells Fargo & Co boosted their price objective on shares of Cooper Companies from $305.00 to $325.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Raymond James boosted their price objective on shares of Cooper Companies from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Finally, BMO Capital Markets boosted their price objective on shares of Cooper Companies from $306.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $307.90.

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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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