Swiss National Bank Sells 30,300 Shares of The Cooper Companies, Inc. $COO

Swiss National Bank reduced its position in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 5.0% in the third quarter, HoldingsChannel reports. The firm owned 575,100 shares of the medical device company’s stock after selling 30,300 shares during the quarter. Swiss National Bank’s holdings in Cooper Companies were worth $39,429,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC bought a new stake in Cooper Companies during the second quarter valued at approximately $36,000. MUFG Securities EMEA plc bought a new position in Cooper Companies in the second quarter worth approximately $42,000. Quent Capital LLC bought a new position in Cooper Companies in the third quarter worth approximately $44,000. Mather Group LLC. purchased a new position in shares of Cooper Companies during the 3rd quarter worth $56,000. Finally, Federated Hermes Inc. purchased a new position in shares of Cooper Companies during the 3rd quarter worth $58,000. Institutional investors own 24.39% of the company’s stock.

Cooper Companies Price Performance

NASDAQ:COO traded down $0.44 on Friday, reaching $71.08. 147,338 shares of the company’s stock traded hands, compared to its average volume of 2,107,308. The company has a quick ratio of 0.79, a current ratio of 1.34 and a debt-to-equity ratio of 0.22. The stock has a 50-day simple moving average of $81.45 and a 200-day simple moving average of $75.97. The firm has a market cap of $13.87 billion, a PE ratio of 35.11, a P/E/G ratio of 1.90 and a beta of 1.02. The Cooper Companies, Inc. has a 12 month low of $61.78 and a 12 month high of $89.83.

Cooper Companies (NASDAQ:COO) last released its quarterly earnings data on Thursday, March 5th. The medical device company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. Cooper Companies had a return on equity of 10.34% and a net margin of 9.67%.The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Cooper Companies has set its Q2 2026 guidance at 4.580-4.660 EPS. Equities research analysts forecast that The Cooper Companies, Inc. will post 3.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their price objective on Cooper Companies from $72.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, December 5th. The Goldman Sachs Group reiterated a “sell” rating and set a $73.00 target price on shares of Cooper Companies in a research report on Friday, January 9th. William Blair upgraded Cooper Companies to a “strong-buy” rating in a research report on Friday, January 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $94.00 price objective (up from $83.00) on shares of Cooper Companies in a research note on Friday, December 5th. Finally, Stifel Nicolaus set a $95.00 price objective on Cooper Companies and gave the company a “buy” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Cooper Companies presently has an average rating of “Moderate Buy” and an average target price of $90.79.

Insiders Place Their Bets

In related news, Director Maria Rivas acquired 1,000 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was acquired at an average cost of $82.13 per share, with a total value of $82,130.00. Following the acquisition, the director directly owned 11,141 shares in the company, valued at $915,010.33. This represents a 9.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Albert G. White III acquired 10,000 shares of Cooper Companies stock in a transaction dated Tuesday, December 16th. The shares were bought at an average price of $80.80 per share, for a total transaction of $808,000.00. Following the transaction, the chief executive officer owned 236,151 shares of the company’s stock, valued at approximately $19,081,000.80. The trade was a 4.42% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 16,014 shares of company stock worth $1,304,416 over the last ninety days. 2.08% of the stock is owned by company insiders.

About Cooper Companies

Cooper Companies, Inc (NASDAQ: COO) is a global medical device company headquartered in San Ramon, California. Founded in 1958, the company has grown through strategic acquisitions and organic development to become a major provider of vision care and women’s health products. Cooper Companies operates through two primary business segments—CooperVision and CooperSurgical—each serving specialized markets within the healthcare industry.

The CooperVision segment develops, manufactures and markets a broad range of soft contact lenses, as well as related accessories.