Clearbridge Investments LLC Decreases Holdings in The Cooper Companies, Inc. (NASDAQ:COO)

Clearbridge Investments LLC trimmed its holdings in shares of The Cooper Companies, Inc. (NASDAQ:COOFree Report) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,575 shares of the medical device company’s stock after selling 6,541 shares during the period. Clearbridge Investments LLC owned 0.19% of Cooper Companies worth $35,413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of COO. Dimensional Fund Advisors LP boosted its position in shares of Cooper Companies by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 297,675 shares of the medical device company’s stock worth $112,656,000 after buying an additional 22,884 shares during the period. Principal Securities Inc. purchased a new position in Cooper Companies in the fourth quarter valued at about $149,000. Janney Montgomery Scott LLC boosted its holdings in Cooper Companies by 1.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 24,319 shares of the medical device company’s stock valued at $9,204,000 after purchasing an additional 241 shares during the last quarter. ING Groep NV boosted its holdings in Cooper Companies by 3,766.7% in the fourth quarter. ING Groep NV now owns 580 shares of the medical device company’s stock valued at $220,000 after purchasing an additional 565 shares during the last quarter. Finally, Norges Bank purchased a new position in Cooper Companies in the fourth quarter valued at about $196,045,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

Insider Transactions at Cooper Companies

In other news, CAO Agostino Ricupati sold 54,724 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $100.89, for a total value of $5,521,104.36. Following the completion of the sale, the chief accounting officer now owns 5,081 shares of the company’s stock, valued at $512,622.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Agostino Ricupati sold 54,724 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $100.89, for a total transaction of $5,521,104.36. Following the completion of the sale, the chief accounting officer now directly owns 5,081 shares in the company, valued at $512,622.09. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary S. Petersmeyer sold 1,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $103.51, for a total value of $103,510.00. Following the sale, the director now owns 5,668 shares of the company’s stock, valued at $586,694.68. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Cooper Companies Stock Performance

COO opened at $96.60 on Thursday. The firm has a market cap of $19.20 billion, a PE ratio of 66.05, a P/E/G ratio of 2.45 and a beta of 0.97. The company has a quick ratio of 1.08, a current ratio of 1.86 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $95.71 and a 200-day simple moving average of $93.24. The Cooper Companies, Inc. has a fifty-two week low of $75.93 and a fifty-two week high of $104.07.

Cooper Companies (NASDAQ:COOGet Free Report) last released its quarterly earnings data on Thursday, February 29th. The medical device company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.07. The business had revenue of $931.60 million during the quarter, compared to analyst estimates of $915.93 million. Cooper Companies had a return on equity of 8.79% and a net margin of 7.93%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $2.90 EPS. As a group, equities analysts predict that The Cooper Companies, Inc. will post 3.5 EPS for the current fiscal year.

Analyst Ratings Changes

COO has been the subject of a number of analyst reports. Mizuho increased their price target on Cooper Companies from $102.50 to $115.00 and gave the company a “buy” rating in a report on Friday, March 1st. Redburn Atlantic upgraded Cooper Companies from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Tuesday, March 19th. Needham & Company LLC reiterated a “hold” rating on shares of Cooper Companies in a research report on Thursday. Citigroup increased their price target on Cooper Companies from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. upgraded Cooper Companies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $100.00 to $120.00 in a research report on Wednesday, March 13th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $109.69.

View Our Latest Analysis on COO

Cooper Companies Profile

(Free Report)

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.

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Institutional Ownership by Quarter for Cooper Companies (NASDAQ:COO)

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