Public Employees Retirement System of Ohio cut its stake in Cooper Companies Inc (NYSE:COO) by 14.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,505 shares of the medical device company’s stock after selling 7,757 shares during the quarter. Public Employees Retirement System of Ohio owned 0.10% of Cooper Companies worth $11,027,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in COO. Advisory Services Network LLC grew its position in Cooper Companies by 30.6% during the second quarter. Advisory Services Network LLC now owns 457 shares of the medical device company’s stock valued at $109,000 after buying an additional 107 shares during the period. Korea Investment CORP grew its position in Cooper Companies by 23.9% during the third quarter. Korea Investment CORP now owns 17,109 shares of the medical device company’s stock valued at $4,057,000 after buying an additional 3,300 shares during the period. Schwab Charles Investment Management Inc. grew its position in Cooper Companies by 5.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 244,686 shares of the medical device company’s stock valued at $58,583,000 after buying an additional 13,004 shares during the period. Dimensional Fund Advisors LP grew its position in Cooper Companies by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 185,979 shares of the medical device company’s stock valued at $44,525,000 after buying an additional 1,713 shares during the period. Finally, Motley Fool Asset Management LLC grew its position in Cooper Companies by 2.8% during the third quarter. Motley Fool Asset Management LLC now owns 36,400 shares of the medical device company’s stock valued at $8,631,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 96.73% of the company’s stock.

Several brokerages recently issued reports on COO. J P Morgan Chase & Co restated a “hold” rating and set a $235.00 target price on shares of Cooper Companies in a research report on Tuesday, September 12th. Stifel Nicolaus boosted their target price on shares of Cooper Companies from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, September 12th. Robert W. Baird restated a “buy” rating and set a $273.00 target price (up from $267.00) on shares of Cooper Companies in a research report on Tuesday, September 12th. Oppenheimer restated a “hold” rating and set a $250.00 target price on shares of Cooper Companies in a research report on Tuesday, September 12th. Finally, Stephens restated an “equal weight” rating and set a $250.00 target price (up from $235.00) on shares of Cooper Companies in a research report on Tuesday, September 12th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $259.70.

In other Cooper Companies news, Director Gary S. Petersmeyer sold 785 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $229.06, for a total value of $179,812.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Cooper Companies Inc (NYSE COO) opened at $223.88 on Wednesday. The firm has a market cap of $10,967.57, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 1.81 and a beta of 0.54. Cooper Companies Inc has a 12-month low of $172.83 and a 12-month high of $256.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.41 and a quick ratio of 1.26.

Cooper Companies (NYSE:COO) last posted its quarterly earnings results on Thursday, December 7th. The medical device company reported $2.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.64 by $0.01. The business had revenue of $561.50 million during the quarter, compared to analyst estimates of $558.86 million. Cooper Companies had a net margin of 17.43% and a return on equity of 16.02%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.28 earnings per share. sell-side analysts anticipate that Cooper Companies Inc will post 11.51 EPS for the current year.

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Cooper Companies Company Profile

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

Institutional Ownership by Quarter for Cooper Companies (NYSE:COO)

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