State of Tennessee Treasury Department Sells 51 Shares of Cooper Companies, Inc. (The) (COO)

State of Tennessee Treasury Department decreased its holdings in Cooper Companies, Inc. (The) (NYSE:COO) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,203 shares of the medical device company’s stock after selling 51 shares during the quarter. State of Tennessee Treasury Department owned 0.06% of Cooper Companies, Inc. (The) worth $6,752,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of COO. Archford Capital Strategies LLC boosted its stake 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 purchasing an additional 363 shares during the period. Penserra Capital Management LLC boosted its stake 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 purchasing an additional 68 shares during the period. Pacer Advisors Inc. boosted its stake 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 purchasing an additional 31 shares during the period. Visionary Asset Management Inc. purchased a new position in shares of Cooper Companies, Inc. (The) in the second quarter valued at approximately $201,000. Finally, Dai Ichi Life Insurance Company Ltd purchased a new position in shares of Cooper Companies, Inc. (The) in the first quarter valued at approximately $206,000. 96.10% of the stock is owned by institutional investors and hedge funds.

COO has been the subject of several recent research reports. BMO Capital Markets reissued an “outperform” rating and issued a $255.00 price objective (up previously from $220.00) on shares of Cooper Companies, Inc. (The) in a research note on Monday, June 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $250.00 price target (up previously from $220.00) on shares of Cooper Companies, Inc. (The) in a research note on Saturday, June 3rd. Zacks Investment Research downgraded shares of Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Piper Jaffray Companies lifted their price target on shares of Cooper Companies, Inc. (The) from $265.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus lifted their price target on shares of Cooper Companies, Inc. (The) from $220.00 to $231.00 and gave the stock a “buy” rating in a research note on Friday, June 2nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Cooper Companies, Inc. (The) currently has an average rating of “Buy” and a consensus target price of $246.89.

In related news, COO Daniel G. Mcbride sold 6,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $244.23, for a total transaction of $1,465,380.00. Following the transaction, the chief operating officer now directly owns 34,395 shares in the company, valued at $8,400,290.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paul L. Remmell sold 9,294 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $248.46, for a total value of $2,309,187.24. Following the transaction, the chief executive officer now owns 6,186 shares in the company, valued at $1,536,973.56. The disclosure for this sale can be found here. Insiders have sold 17,015 shares of company stock worth $4,193,502 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Cooper Companies, Inc. (COO) opened at 251.48 on Friday. Cooper Companies, Inc. has a one year low of $158.73 and a one year high of $256.39. The firm has a market capitalization of $12.29 billion, a PE ratio of 37.70 and a beta of 0.59. The stock has a 50 day moving average of $245.26 and a 200-day moving average of $222.76.

Cooper Companies, Inc. (The) (NYSE:COO) last announced its quarterly earnings data on Thursday, August 31st. The medical device company reported $2.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.06. Cooper Companies, Inc. (The) had a return on equity of 16.00% and a net margin of 16.45%. The firm had revenue of $556 million for the quarter, compared to analysts’ expectations of $552.32 million. During the same period last year, the business posted $2.30 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities analysts predict that Cooper Companies, Inc. will post $9.72 EPS for the current year.

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Cooper Companies, Inc. (The) Profile

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.

Institutional Ownership by Quarter for Cooper Companies, Inc. (The) (NYSE:COO)

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