Cooper Companies Inc (NYSE:COO) CEO Robert S. Weiss sold 36,769 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $242.35, for a total value of $8,910,967.15. Following the completion of the transaction, the chief executive officer now owns 135,936 shares in the company, valued at approximately $32,944,089.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Cooper Companies Inc (COO) opened at $236.86 on Wednesday. Cooper Companies Inc has a fifty-two week low of $192.75 and a fifty-two week high of $260.26. The company has a quick ratio of 1.61, a current ratio of 2.83 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $11,811.70, a P/E ratio of 67.87, a PEG ratio of 1.89 and a beta of 0.61.
Cooper Companies (NYSE:COO) last posted its earnings results on Thursday, March 8th. The medical device company reported $2.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.51 by $0.28. Cooper Companies had a return on equity of 16.90% and a net margin of 7.83%. The company had revenue of $590.00 million for the quarter, compared to analyst estimates of $583.07 million. During the same quarter last year, the company earned $1.93 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. sell-side analysts forecast that Cooper Companies Inc will post 11.83 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. BB&T Investment Services Inc. lifted its holdings in shares of Cooper Companies by 71.0% in the fourth quarter. BB&T Investment Services Inc. now owns 542 shares of the medical device company’s stock valued at $119,000 after purchasing an additional 225 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Cooper Companies during the third quarter worth $163,000. Virtue Capital Management LLC bought a new stake in Cooper Companies during the fourth quarter worth $195,000. Ballentine Partners LLC bought a new stake in Cooper Companies during the third quarter worth $223,000. Finally, CAPROCK Group Inc. bought a new stake in Cooper Companies during the fourth quarter worth $222,000. Institutional investors own 98.55% of the company’s stock.
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About Cooper Companies
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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