Raymond James & Associates lifted its holdings in shares of Cooper Companies Inc (NYSE:COO) by 8.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 91,287 shares of the medical device company’s stock after purchasing an additional 6,900 shares during the period. Raymond James & Associates’ holdings in Cooper Companies were worth $25,893,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. AXA grew its holdings in shares of Cooper Companies by 3.9% during the first quarter. AXA now owns 32,037 shares of the medical device company’s stock worth $8,831,000 after purchasing an additional 1,191 shares during the last quarter. State Street Corp lifted its stake in shares of Cooper Companies by 0.9% during the first quarter. State Street Corp now owns 2,132,738 shares of the medical device company’s stock valued at $587,932,000 after acquiring an additional 18,424 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Cooper Companies by 0.6% during the first quarter. Principal Financial Group Inc. now owns 71,544 shares of the medical device company’s stock valued at $19,723,000 after acquiring an additional 415 shares during the period. PGGM Investments lifted its stake in shares of Cooper Companies by 27.1% during the second quarter. PGGM Investments now owns 97,427 shares of the medical device company’s stock valued at $27,634,000 after acquiring an additional 20,789 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its stake in shares of Cooper Companies by 429.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,760 shares of the medical device company’s stock valued at $1,066,000 after acquiring an additional 3,050 shares during the period. Institutional investors own 88.09% of the company’s stock.

NYSE COO opened at $282.93 on Friday. The firm has a market cap of $15.08 billion, a P/E ratio of 41.18, a P/E/G ratio of 3.04 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.14 and a quick ratio of 0.58. The stock’s 50-day moving average is $288.34 and its 200-day moving average is $307.54. Cooper Companies Inc has a one year low of $236.68 and a one year high of $365.68.

Cooper Companies (NYSE:COO) last released its quarterly earnings results on Thursday, June 4th. The medical device company reported $1.51 EPS for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.78). The business had revenue of $524.90 million for the quarter, compared to analyst estimates of $604.78 million. Cooper Companies had a return on equity of 14.67% and a net margin of 13.50%. The company’s revenue for the quarter was down 19.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.94 EPS. Equities analysts anticipate that Cooper Companies Inc will post 8.45 EPS for the current year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 23rd will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. Cooper Companies’s dividend payout ratio is currently 0.49%.

Several equities analysts have recently issued reports on COO shares. Jefferies Financial Group cut their price target on Cooper Companies from $360.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Wells Fargo & Co cut their price target on Cooper Companies from $388.00 to $329.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. KeyCorp cut their price target on Cooper Companies from $380.00 to $330.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Stephens upped their price target on Cooper Companies from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Robert W. Baird lowered Cooper Companies from an “outperform” rating to a “neutral” rating and cut their target price for the company from $335.00 to $291.00 in a research note on Monday, July 6th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Cooper Companies has an average rating of “Buy” and an average price target of $330.25.

In other Cooper Companies news, EVP Holly R. Sheffield purchased 880 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were bought at an average price of $283.18 per share, with a total value of $249,198.40. Following the completion of the transaction, the executive vice president now directly owns 930 shares in the company, valued at approximately $263,357.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Holly R. Sheffield purchased 355 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were acquired at an average cost of $280.00 per share, for a total transaction of $99,400.00. Following the transaction, the executive vice president now owns 1,285 shares of the company’s stock, valued at $359,800. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 3,235 shares of company stock worth $908,298. 1.40% of the stock is currently owned by insiders.

Cooper Companies Company Profile

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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