Brown Brothers Harriman & Co. Has $126,000 Stock Holdings in The Cooper Companies, Inc. (NASDAQ:COO)

Brown Brothers Harriman & Co. boosted its holdings in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 227.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,371 shares of the medical device company’s stock after buying an additional 952 shares during the period. Brown Brothers Harriman & Co.’s holdings in Cooper Companies were worth $126,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Byrne Asset Management LLC purchased a new position in Cooper Companies during the 4th quarter valued at about $33,000. OFI Invest Asset Management acquired a new stake in shares of Cooper Companies during the fourth quarter worth approximately $34,000. New Age Alpha Advisors LLC purchased a new position in Cooper Companies during the fourth quarter valued at approximately $38,000. West Financial Advisors LLC acquired a new position in Cooper Companies in the 4th quarter valued at approximately $49,000. Finally, Atala Financial Inc purchased a new stake in Cooper Companies in the 4th quarter worth approximately $51,000. 24.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Robert W. Baird cut their price objective on Cooper Companies from $117.00 to $107.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Morgan Stanley cut their price target on Cooper Companies from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Friday, December 6th. Wells Fargo & Company lifted their price target on Cooper Companies from $115.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Citigroup dropped their price objective on Cooper Companies from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, StockNews.com cut shares of Cooper Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Cooper Companies presently has an average rating of “Moderate Buy” and an average target price of $110.25.

Cooper Companies Stock Down 3.7 %

COO opened at $81.27 on Wednesday. The firm has a market cap of $16.25 billion, a P/E ratio of 41.68, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.91. The business has a 50 day moving average price of $88.87 and a 200 day moving average price of $96.83. The Cooper Companies, Inc. has a twelve month low of $77.05 and a twelve month high of $112.38.

Cooper Companies (NASDAQ:COO) last issued its quarterly earnings data on Thursday, March 6th. The medical device company reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. The business had revenue of $964.70 million during the quarter, compared to analysts’ expectations of $981.25 million. Research analysts forecast that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

About Cooper Companies

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.