State of Tennessee Treasury Department decreased its stake in shares of Cooper Companies Inc (NYSE:COO) by 3.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 12,345 shares of the medical device company’s stock after selling 389 shares during the quarter. State of Tennessee Treasury Department’s holdings in Cooper Companies were worth $3,656,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc increased its stake in Cooper Companies by 0.6% in the third quarter. Vanguard Group Inc now owns 5,041,468 shares of the medical device company’s stock valued at $1,397,243,000 after acquiring an additional 31,280 shares during the period. BlackRock Inc. increased its stake in Cooper Companies by 1.4% in the first quarter. BlackRock Inc. now owns 3,784,211 shares of the medical device company’s stock valued at $1,120,769,000 after acquiring an additional 51,482 shares during the period. Janus Henderson Group PLC increased its stake in Cooper Companies by 4.1% in the first quarter. Janus Henderson Group PLC now owns 2,834,318 shares of the medical device company’s stock valued at $839,449,000 after acquiring an additional 112,906 shares during the period. Veritas Asset Management LLP increased its stake in Cooper Companies by 77.8% in the first quarter. Veritas Asset Management LLP now owns 981,302 shares of the medical device company’s stock valued at $290,632,000 after acquiring an additional 429,340 shares during the period. Finally, Geode Capital Management LLC increased its stake in Cooper Companies by 9.7% in the fourth quarter. Geode Capital Management LLC now owns 721,796 shares of the medical device company’s stock valued at $183,414,000 after acquiring an additional 63,889 shares during the period. Institutional investors own 95.98% of the company’s stock.

In related news, CFO Brian G. Andrews sold 1,648 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $293.28, for a total value of $483,325.44. Following the transaction, the chief financial officer now directly owns 1,101 shares in the company, valued at $322,901.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Daniel G. Mcbride sold 11,981 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $315.99, for a total transaction of $3,785,876.19. Following the completion of the transaction, the chief operating officer now owns 42,668 shares in the company, valued at $13,482,661.32. The disclosure for this sale can be found here. Insiders sold 150,856 shares of company stock worth $46,131,542 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

Shares of COO stock opened at $324.56 on Friday. Cooper Companies Inc has a 1 year low of $227.07 and a 1 year high of $329.88. The company has a market cap of $16.24 billion, a PE ratio of 28.22, a P/E/G ratio of 2.49 and a beta of 0.78. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 0.42.

Cooper Companies (NYSE:COO) last announced its quarterly earnings data on Thursday, May 30th. The medical device company reported $2.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $0.18. Cooper Companies had a net margin of 16.46% and a return on equity of 17.25%. The business had revenue of $654.30 million for the quarter, compared to analyst estimates of $655.00 million. During the same period in the prior year, the business posted $2.86 earnings per share. Cooper Companies’s revenue was up 3.6% compared to the same quarter last year. Research analysts predict that Cooper Companies Inc will post 12.24 EPS for the current year.

COO has been the topic of a number of analyst reports. Wells Fargo & Co upped their target price on shares of Cooper Companies from $325.00 to $356.00 and gave the company an “outperform” rating in a research note on Monday. Piper Jaffray Companies reissued an “overweight” rating and issued a $325.00 target price on shares of Cooper Companies in a research note on Wednesday, March 6th. Zacks Investment Research upgraded shares of Cooper Companies from a “sell” rating to a “hold” rating and set a $301.00 price target on the stock in a research report on Wednesday, May 29th. Jefferies Financial Group boosted their price target on shares of Cooper Companies to $330.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, KeyCorp boosted their price target on shares of Cooper Companies from $296.00 to $314.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $315.36.

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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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