Mutual of America Capital Management LLC reduced its stake in Cooper Companies, Inc. (The) (NYSE:COO) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,915 shares of the medical device company’s stock after selling 404 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Cooper Companies, Inc. (The) were worth $1,416,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Cooper Companies, Inc. (The) by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 4,781,732 shares of the medical device company’s stock worth $955,821,000 after purchasing an additional 244,531 shares during the period. BlackRock Inc. raised its holdings in Cooper Companies, Inc. (The) by 4.5% in the 2nd quarter. BlackRock Inc. now owns 3,210,032 shares of the medical device company’s stock worth $768,546,000 after purchasing an additional 138,395 shares during the period. Janus Capital Management LLC raised its holdings in Cooper Companies, Inc. (The) by 35.7% in the 1st quarter. Janus Capital Management LLC now owns 1,743,182 shares of the medical device company’s stock worth $348,441,000 after purchasing an additional 458,173 shares during the period. Pioneer Investment Management Inc. raised its holdings in Cooper Companies, Inc. (The) by 136.6% in the 2nd quarter. Pioneer Investment Management Inc. now owns 1,226,250 shares of the medical device company’s stock worth $293,589,000 after purchasing an additional 708,028 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Cooper Companies, Inc. (The) by 39.1% in the 2nd quarter. Bessemer Group Inc. now owns 575,951 shares of the medical device company’s stock worth $137,895,000 after purchasing an additional 161,772 shares during the period. 95.79% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on COO. KeyCorp reaffirmed a “sector weight” rating on shares of Cooper Companies, Inc. (The) in a report on Friday, July 21st. J P Morgan Chase & Co reaffirmed a “hold” rating and issued a $235.00 target price on shares of Cooper Companies, Inc. (The) in a report on Tuesday, September 12th. Stifel Nicolaus raised their target price on Cooper Companies, Inc. (The) from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday, September 12th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating and issued a $250.00 target price on shares of Cooper Companies, Inc. (The) in a report on Tuesday, September 12th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $273.00 target price (up from $267.00) on shares of Cooper Companies, Inc. (The) in a report on Tuesday, September 12th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $261.67.

In related news, Director Gary S. Petersmeyer sold 3,977 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $244.94, for a total transaction of $974,126.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Randal Golden sold 1,621 shares of the company’s stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $243.65, for a total transaction of $394,956.65. Following the transaction, the vice president now owns 1,731 shares of the company’s stock, valued at approximately $421,758.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,892 shares of company stock valued at $3,678,270. Insiders own 1.60% of the company’s stock.

Shares of Cooper Companies, Inc. (NYSE:COO) opened at 241.33 on Friday. The company has a market capitalization of $11.81 billion, a PE ratio of 34.61 and a beta of 0.54. Cooper Companies, Inc. has a one year low of $158.73 and a one year high of $256.39. The stock has a 50 day moving average price of $242.99 and a 200 day moving average price of $229.18.

Cooper Companies, Inc. (The) (NYSE:COO) last released its quarterly earnings results on Thursday, August 31st. The medical device company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.06. Cooper Companies, Inc. (The) had a net margin of 16.45% and a return on equity of 16.00%. The firm had revenue of $556.00 million during the quarter, compared to the consensus estimate of $552.32 million. During the same quarter in the prior year, the firm earned $2.30 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts predict that Cooper Companies, Inc. will post $9.73 earnings per share for the current year.

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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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