Dupont Capital Management Corp Sells 28,419 Shares of The Cooper Companies, Inc. (COO)

Dupont Capital Management Corp cut its stake in The Cooper Companies, Inc. (NYSE:COO) by 98.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 541 shares of the medical device company’s stock after selling 28,419 shares during the period. Dupont Capital Management Corp’s holdings in The Cooper Companies were worth $124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. raised its holdings in shares of The Cooper Companies by 23.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 24,132 shares of the medical device company’s stock worth $5,522,000 after buying an additional 4,540 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of The Cooper Companies by 43.3% in the 1st quarter. Wells Fargo & Company MN now owns 358,813 shares of the medical device company’s stock worth $82,100,000 after buying an additional 108,334 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of The Cooper Companies by 3.3% in the 4th quarter. Xact Kapitalforvaltning AB now owns 13,701 shares of the medical device company’s stock worth $2,985,000 after buying an additional 444 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of The Cooper Companies by 8.3% in the 4th quarter. Handelsbanken Fonder AB now owns 325,400 shares of the medical device company’s stock worth $70,898,000 after buying an additional 25,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of The Cooper Companies by 9.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,113 shares of the medical device company’s stock worth $2,205,000 after buying an additional 850 shares in the last quarter. 97.68% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised The Cooper Companies from a “hold” rating to a “buy” rating and set a $263.00 target price for the company in a report on Tuesday. Goldman Sachs assumed coverage on The Cooper Companies in a report on Wednesday, April 4th. They issued a “neutral” rating and a $231.00 target price for the company. Oppenheimer set a $265.00 target price on The Cooper Companies and gave the stock a “hold” rating in a report on Thursday, March 29th. TheStreet cut The Cooper Companies from a “b” rating to a “c” rating in a report on Thursday, March 8th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $280.00 target price (up from $277.00) on shares of The Cooper Companies in a report on Friday, March 9th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $264.73.

In other news, EVP Carol R. Kaufman sold 13,362 shares of The Cooper Companies stock in a transaction on Monday, March 12th. The stock was sold at an average price of $243.88, for a total value of $3,258,724.56. Following the completion of the sale, the executive vice president now directly owns 59,305 shares of the company’s stock, valued at approximately $14,463,303.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert S. Weiss sold 36,769 shares of The Cooper Companies stock in a transaction on Monday, March 12th. The shares were sold at an average price of $242.35, for a total value of $8,910,967.15. Following the completion of the sale, the chief executive officer now directly owns 135,936 shares of the company’s stock, valued at $32,944,089.60. The disclosure for this sale can be found here. Insiders have sold a total of 51,846 shares of company stock valued at $12,549,839 over the last ninety days. Insiders own 1.60% of the company’s stock.

COO stock opened at $230.81 on Friday. The Cooper Companies, Inc. has a fifty-two week low of $230.55 and a fifty-two week high of $232.53. The firm has a market cap of $11.35 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 1.82 and a beta of 0.62. 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 Cooper Companies (NYSE:COO) last released its quarterly 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. The Cooper Companies had a return on equity of 16.90% and a net margin of 7.83%. The firm had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $583.07 million. During the same period last year, the firm posted $1.93 EPS. The business’s revenue was up 18.2% on a year-over-year basis. equities research analysts expect that The Cooper Companies, Inc. will post 11.82 EPS for the current fiscal year.

The Cooper Companies Company Profile

The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.

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

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