Cibc World Markets Corp decreased its position in shares of The Cooper Companies, Inc. (NYSE:COO – Free Report) by 57.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,496 shares of the medical device company’s stock after selling 3,305 shares during the quarter. Cibc World Markets Corp’s holdings in Cooper Companies were worth $932,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Colonial Trust Co SC acquired a new position in Cooper Companies during the 1st quarter worth $41,000. FIL Ltd lifted its holdings in Cooper Companies by 1.2% during the 1st quarter. FIL Ltd now owns 825,649 shares of the medical device company’s stock worth $308,264,000 after buying an additional 9,818 shares in the last quarter. M&T Bank Corp lifted its holdings in Cooper Companies by 10.1% during the 1st quarter. M&T Bank Corp now owns 49,534 shares of the medical device company’s stock worth $18,494,000 after buying an additional 4,524 shares in the last quarter. ExodusPoint Capital Management LP lifted its holdings in Cooper Companies by 644.6% during the 1st quarter. ExodusPoint Capital Management LP now owns 27,163 shares of the medical device company’s stock worth $10,142,000 after buying an additional 23,515 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Cooper Companies by 37.3% during the 1st quarter. American Century Companies Inc. now owns 6,165 shares of the medical device company’s stock worth $2,253,000 after buying an additional 1,675 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.
Analyst Upgrades and Downgrades
COO has been the topic of several research reports. Piper Sandler upped their price objective on Cooper Companies from $375.00 to $430.00 in a report on Wednesday, May 24th. TheStreet downgraded Cooper Companies from a “b-” rating to a “c+” rating in a research note on Friday, June 16th. Wells Fargo & Company increased their price target on Cooper Companies from $355.00 to $430.00 in a research note on Monday, May 15th. Robert W. Baird increased their price target on Cooper Companies from $400.00 to $410.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Citigroup increased their price target on Cooper Companies from $431.00 to $440.00 in a research note on Monday, July 10th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Cooper Companies presently has an average rating of “Moderate Buy” and an average target price of $400.56.
Cooper Companies Price Performance
COO opened at $364.69 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.69 and a debt-to-equity ratio of 0.35. The Cooper Companies, Inc. has a 12 month low of $244.21 and a 12 month high of $399.62. The company has a fifty day simple moving average of $381.55 and a 200 day simple moving average of $369.46. The stock has a market cap of $18.06 billion, a P/E ratio of 62.88, a P/E/G ratio of 2.92 and a beta of 0.90.
Cooper Companies (NYSE:COO – Get Free Report) last released its quarterly earnings data on Wednesday, August 30th. The medical device company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.01. The business had revenue of $930.20 million during the quarter, compared to analysts’ expectations of $899.77 million. Cooper Companies had a net margin of 8.41% and a return on equity of 8.18%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.19 EPS. On average, research analysts expect that The Cooper Companies, Inc. will post 12.8 EPS for the current year.
Cooper Companies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Thursday, July 27th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Wednesday, July 26th. Cooper Companies’s dividend payout ratio (DPR) is presently 1.03%.
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, myopia, ocular dryness and eye fatigues in the Americas, Europe, Middle East, Africa, and Asia Pacific.
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