Norinchukin Bank The grew its holdings in shares of Cooper Companies Inc (NYSE:COO) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,367 shares of the medical device company’s stock after buying an additional 381 shares during the period. Norinchukin Bank The’s holdings in Cooper Companies were worth $2,774,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in COO. Dupont Capital Management Corp raised its position in shares of Cooper Companies by 4.4% in the 4th quarter. Dupont Capital Management Corp now owns 881 shares of the medical device company’s stock worth $224,000 after purchasing an additional 37 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Cooper Companies by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,141 shares of the medical device company’s stock worth $545,000 after purchasing an additional 37 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Cooper Companies by 0.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,360 shares of the medical device company’s stock worth $1,364,000 after purchasing an additional 41 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of Cooper Companies by 5.4% in the 4th quarter. Raymond James Trust N.A. now owns 814 shares of the medical device company’s stock worth $207,000 after purchasing an additional 42 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its position in shares of Cooper Companies by 24.3% in the 4th quarter. Rehmann Capital Advisory Group now owns 220 shares of the medical device company’s stock worth $56,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

In other news, SVP Agostino Ricupati sold 2,400 shares of the company’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $296.13, for a total transaction of $710,712.00. Following the completion of the sale, the senior vice president now owns 400 shares of the company’s stock, valued at approximately $118,452. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary S. Petersmeyer sold 799 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $286.88, for a total transaction of $229,217.12. The disclosure for this sale can be found here. In the last three months, insiders sold 87,030 shares of company stock valued at $25,461,465. 1.70% of the stock is owned by insiders.

Several research firms have recently issued reports on COO. Zacks Investment Research raised Cooper Companies from a “sell” rating to a “hold” rating and set a $301.00 price target for the company in a research report on Wednesday, May 29th. Wells Fargo & Co lifted their price target on Cooper Companies from $305.00 to $325.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Stephens lifted their price target on Cooper Companies from $305.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Raymond James lifted their price target on Cooper Companies from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $325.00 price target on shares of Cooper Companies in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Cooper Companies currently has a consensus rating of “Buy” and an average target price of $306.30.

Shares of NYSE:COO opened at $297.79 on Monday. Cooper Companies Inc has a fifty-two week low of $221.50 and a fifty-two week high of $302.36. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $14.70 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 2.26 and a beta of 0.78.

Cooper Companies (NYSE:COO) last issued its earnings results on Thursday, May 30th. The medical device company reported $2.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.18. Cooper Companies had a return on equity of 17.25% and a net margin of 16.46%. The business had revenue of $654.30 million during the quarter, compared to analyst estimates of $655.00 million. During the same quarter in the previous year, the firm earned $2.86 EPS. Cooper Companies’s revenue was up 3.6% on a year-over-year basis. Sell-side analysts forecast that Cooper Companies Inc will post 12.26 earnings per share for the current year.

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About Cooper Companies

The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.

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

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