Fisher Asset Management LLC boosted its stake in shares of Cooper Companies, Inc. (The) (NYSE:COO) by 18.7% during the second quarter, Holdings Channel reports. The firm owned 121,995 shares of the medical device company’s stock after buying an additional 19,235 shares during the period. Fisher Asset Management LLC’s holdings in Cooper Companies, Inc. (The) were worth $29,208,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC increased its position in Cooper Companies, Inc. (The) by 18.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 520 shares of the medical device company’s stock valued at $105,000 after buying an additional 81 shares during the period. Archford Capital Strategies LLC increased its position in Cooper Companies, Inc. (The) by 116.7% in the first quarter. Archford Capital Strategies LLC now owns 674 shares of the medical device company’s stock valued at $135,000 after buying an additional 363 shares during the period. Penserra Capital Management LLC increased its position in Cooper Companies, Inc. (The) by 9.5% in the first quarter. Penserra Capital Management LLC now owns 782 shares of the medical device company’s stock valued at $156,000 after buying an additional 68 shares during the period. Pacer Advisors Inc. increased its position in Cooper Companies, Inc. (The) by 3.8% in the first quarter. Pacer Advisors Inc. now owns 848 shares of the medical device company’s stock valued at $170,000 after buying an additional 31 shares during the period. Finally, Dai Ichi Life Insurance Company Ltd purchased a new position in Cooper Companies, Inc. (The) during the first quarter valued at $206,000. Institutional investors and hedge funds own 98.09% of the company’s stock.

Shares of Cooper Companies, Inc. (COO) opened at 250.36 on Monday. Cooper Companies, Inc. has a 1-year low of $158.73 and a 1-year high of $252.05. The firm’s 50-day moving average price is $229.73 and its 200 day moving average price is $200.61. The firm has a market cap of $12.23 billion, a PE ratio of 37.54 and a beta of 0.61.

Cooper Companies, Inc. (The) (NYSE:COO) last issued its quarterly earnings results on Thursday, June 1st. The medical device company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.25. Cooper Companies, Inc. (The) had a return on equity of 15.88% and a net margin of 16.02%. The company had revenue of $522.40 million for the quarter, compared to analyst estimates of $520.71 million. During the same quarter in the prior year, the company posted $2.05 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Cooper Companies, Inc. will post $9.61 EPS for the current fiscal year.

The firm also recently declared a semiannual dividend, which will be paid on Monday, August 7th. Shareholders of record on Friday, July 21st will be paid a dividend of $0.03 per share. This represents a dividend yield of 0.02%. The ex-dividend date is Wednesday, July 19th. Cooper Companies, Inc. (The)’s dividend payout ratio is presently 0.90%.

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Several equities research analysts recently commented on COO shares. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $220.00 price target on shares of Cooper Companies, Inc. (The) in a report on Thursday, April 6th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $206.00 price target (up previously from $200.00) on shares of Cooper Companies, Inc. (The) in a report on Monday, June 5th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $250.00 price target (up previously from $220.00) on shares of Cooper Companies, Inc. (The) in a report on Saturday, June 3rd. Zacks Investment Research raised Cooper Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $226.00 price target for the company in a report on Wednesday, May 3rd. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $255.00 price target on shares of Cooper Companies, Inc. (The) in a report on Thursday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $237.00.

In other Cooper Companies, Inc. (The) news, Director Stanley Md Zinberg sold 816 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $243.14, for a total transaction of $198,402.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Carol R. Kaufman sold 44,092 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $242.81, for a total value of $10,705,978.52. Following the sale, the executive vice president now owns 60,419 shares of the company’s stock, valued at $14,670,337.39. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,331 shares of company stock worth $16,400,454. Corporate insiders own 1.60% of the company’s stock.

About Cooper Companies, Inc. (The)

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.

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Institutional Ownership by Quarter for Cooper Companies, Inc. (The) (NYSE:COO)

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