Rhumbline Advisers raised its stake in Cooper Companies, Inc. (The) (NYSE:COO) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 96,496 shares of the medical device company’s stock after buying an additional 1,732 shares during the period. Rhumbline Advisers’ holdings in Cooper Companies, Inc. (The) were worth $23,103,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Profund Advisors LLC increased its stake in shares of Cooper Companies, Inc. (The) by 9.1% in the first quarter. Profund Advisors LLC now owns 2,059 shares of the medical device company’s stock valued at $412,000 after buying an additional 171 shares during the period. Korea Investment CORP purchased a new stake in shares of Cooper Companies, Inc. (The) during the first quarter worth approximately $1,739,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Cooper Companies, Inc. (The) by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,295 shares of the medical device company’s stock worth $242,000 after buying an additional 55 shares during the last quarter. Candriam Luxembourg S.C.A. purchased a new stake in shares of Cooper Companies, Inc. (The) during the first quarter worth approximately $6,681,000. Finally, Hermes Investment Management Ltd. increased its stake in shares of Cooper Companies, Inc. (The) by 4.6% in the first quarter. Hermes Investment Management Ltd. now owns 441,562 shares of the medical device company’s stock worth $88,264,000 after buying an additional 19,227 shares during the last quarter. Institutional investors and hedge funds own 98.06% of the company’s stock.

Cooper Companies, Inc. (NYSE:COO) opened at 242.92 on Wednesday. The firm has a 50 day moving average of $244.94 and a 200-day moving average of $216.27. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 36.42 and a beta of 0.61. Cooper Companies, Inc. has a one year low of $158.73 and a one year high of $256.39.

Cooper Companies, Inc. (The) (NYSE:COO) last posted its earnings results on Thursday, June 1st. The medical device company reported $2.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.25 by $0.25. The company had revenue of $522.40 million during the quarter, compared to the consensus estimate of $520.71 million. Cooper Companies, Inc. (The) had a net margin of 16.02% and a return on equity of 15.88%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.05 earnings per share. Equities research analysts forecast that Cooper Companies, Inc. will post $9.63 EPS for the current fiscal year.

The company also recently disclosed a semiannual dividend, which was paid on Monday, August 7th. Investors of record on Friday, July 21st were issued a dividend of $0.03 per share. This represents a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, July 19th. Cooper Companies, Inc. (The)’s dividend payout ratio is currently 0.90%.

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A number of brokerages recently commented on COO. KeyCorp restated a “sector weight” rating on shares of Cooper Companies, Inc. (The) in a research report on Friday, July 21st. Piper Jaffray Companies increased their target price on shares of Cooper Companies, Inc. (The) to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 19th. BidaskClub cut shares of Cooper Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. BMO Capital Markets reaffirmed a “buy” rating and issued a $255.00 target price on shares of Cooper Companies, Inc. (The) in a report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of Cooper Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $274.00 price objective for the company in a research note on Friday, June 23rd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $242.00.

In other Cooper Companies, Inc. (The) news, EVP Carol R. Kaufman sold 44,092 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $242.81, for a total value of $10,705,978.52. Following the completion of the sale, the executive vice president now directly owns 60,419 shares of the company’s stock, valued at approximately $14,670,337.39. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Carol R. Kaufman sold 5,408 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $240.86, for a total transaction of $1,302,570.88. Following the completion of the sale, the executive vice president now directly owns 49,327 shares of the company’s stock, valued at $11,880,901.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,331 shares of company stock valued at $16,400,454. 1.60% of the stock is owned by insiders.

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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