Commerce Bank Makes New Investment in The Cooper Companies, Inc. $COO

Commerce Bank purchased a new position in shares of The Cooper Companies, Inc. (NASDAQ:COO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 90,217 shares of the medical device company’s stock, valued at approximately $6,469,000.

Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new position in Cooper Companies during the 2nd quarter valued at approximately $60,000. Evolve Private Wealth LLC acquired a new position in Cooper Companies during the second quarter valued at $648,000. Findlay Park Partners LLP purchased a new stake in Cooper Companies in the second quarter valued at $92,076,000. Westpac Banking Corp purchased a new stake in Cooper Companies in the second quarter valued at $132,000. Finally, Sumitomo Life Insurance Co. acquired a new stake in Cooper Companies during the 2nd quarter worth about $291,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on COO shares. Wells Fargo & Company restated a “sell” rating and issued a $66.00 target price (down from $82.00) on shares of Cooper Companies in a research note on Friday, June 5th. Piper Sandler set a $86.00 price target on Cooper Companies and gave the company an “overweight” rating in a research report on Monday, June 1st. Citigroup reiterated a “neutral” rating and set a $80.00 price target (up from $76.00) on shares of Cooper Companies in a research report on Thursday, August 13th. BNP Paribas Exane decreased their price target on Cooper Companies from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Monday, June 8th. Finally, The Goldman Sachs Group set a $61.00 price objective on shares of Cooper Companies in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $81.64.

Cooper Companies Stock Performance

Shares of Cooper Companies stock opened at $76.22 on Monday. The firm has a 50-day simple moving average of $71.93 and a two-hundred day simple moving average of $71.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.78 and a current ratio of 1.27. The Cooper Companies, Inc. has a fifty-two week low of $58.89 and a fifty-two week high of $89.83. The company has a market cap of $14.87 billion, a P/E ratio of 64.59, a price-to-earnings-growth ratio of 1.99 and a beta of 0.83.

Cooper Companies (NASDAQ:COO) last posted its earnings results on Thursday, June 4th. The medical device company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. Cooper Companies had a return on equity of 10.88% and a net margin of 5.57%.The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm earned $0.96 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Cooper Companies has set its FY 2026 guidance at 4.580-4.660 EPS. As a group, equities analysts predict that The Cooper Companies, Inc. will post 4.63 earnings per share for the current fiscal year.

Cooper Companies Profile

Cooper Companies, Inc (NASDAQ: COO) is a global medical device company headquartered in San Ramon, California. Founded in 1958, the company has grown through strategic acquisitions and organic development to become a major provider of vision care and women’s health products. Cooper Companies operates through two primary business segments—CooperVision and CooperSurgical—each serving specialized markets within the healthcare industry.

The CooperVision segment develops, manufactures and markets a broad range of soft contact lenses, as well as related accessories.