TD Asset Management Inc. lowered its stake in shares of Cooper Companies, Inc. (The) (NYSE:COO) by 4.5% during the second quarter, Holdings Channel reports. The fund owned 107,502 shares of the medical device company’s stock after selling 5,035 shares during the period. TD Asset Management Inc.’s holdings in Cooper Companies, Inc. (The) were worth $25,738,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in COO. YorkBridge Wealth Partners LLC boosted its position in shares of Cooper Companies, Inc. (The) by 18.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 520 shares of the medical device company’s stock valued at $105,000 after buying an additional 81 shares during the last quarter. Archford Capital Strategies LLC boosted its position in shares of Cooper Companies, Inc. (The) by 116.7% in the first quarter. Archford Capital Strategies LLC now owns 674 shares of the medical device company’s stock valued at $135,000 after buying an additional 363 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Cooper Companies, Inc. (The) by 9.5% in the first quarter. Penserra Capital Management LLC now owns 782 shares of the medical device company’s stock valued at $156,000 after buying an additional 68 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Cooper Companies, Inc. (The) by 3.8% in the first quarter. Pacer Advisors Inc. now owns 848 shares of the medical device company’s stock valued at $170,000 after buying an additional 31 shares during the last quarter. Finally, Visionary Asset Management Inc. bought a new position in shares of Cooper Companies, Inc. (The) during the second quarter valued at about $201,000. 99.97% of the stock is currently owned by institutional investors.

Shares of Cooper Companies, Inc. (NYSE:COO) opened at 240.92 on Friday. The company’s 50-day moving average price is $245.14 and its 200-day moving average price is $214.89. Cooper Companies, Inc. has a one year low of $158.73 and a one year high of $256.39. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 36.12 and a beta of 0.61.

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

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

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Several research analysts recently issued reports on COO shares. Zacks Investment Research raised Cooper Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $274.00 target price on the stock in a research report on Friday, June 23rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $250.00 target price (up previously from $220.00) on shares of Cooper Companies, Inc. (The) in a research report on Saturday, June 3rd. Stifel Nicolaus lifted their target price on Cooper Companies, Inc. (The) from $220.00 to $231.00 and gave the company a “buy” rating in a research report on Friday, June 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $255.00 target price on shares of Cooper Companies, Inc. (The) in a research report on Thursday, July 13th. Finally, BidaskClub cut Cooper Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Cooper Companies, Inc. (The) has an average rating of “Buy” and a consensus target price of $242.00.

In other Cooper Companies, Inc. (The) news, Director Stanley Md Zinberg sold 816 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $243.14, for a total transaction of $198,402.24. The sale was disclosed in a filing with the SEC, which is available through this link. 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 value of $1,302,570.88. Following the sale, the executive vice president now owns 49,327 shares in the company, valued at $11,880,901.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,331 shares of company stock worth $16,400,454. Company insiders own 1.60% of the company’s stock.

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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