State Treasurer State of Michigan Buys 200 Shares of Cooper Companies Inc (COO)

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State Treasurer State of Michigan grew its stake in Cooper Companies Inc (NYSE:COO) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,228 shares of the medical device company’s stock after purchasing an additional 200 shares during the period. State Treasurer State of Michigan’s holdings in Cooper Companies were worth $4,214,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its position in Cooper Companies by 9.7% during the third quarter. Legal & General Group Plc now owns 255,020 shares of the medical device company’s stock valued at $70,679,000 after buying an additional 22,461 shares during the period. Vanguard Group Inc grew its position in Cooper Companies by 0.6% during the third quarter. Vanguard Group Inc now owns 5,041,468 shares of the medical device company’s stock valued at $1,397,243,000 after buying an additional 31,280 shares during the period. Meeder Asset Management Inc. grew its position in Cooper Companies by 50.6% during the fourth quarter. Meeder Asset Management Inc. now owns 5,410 shares of the medical device company’s stock valued at $1,377,000 after buying an additional 1,817 shares during the period. James Hambro & Partners bought a new stake in Cooper Companies during the fourth quarter valued at approximately $1,885,000. Finally, BTIM Corp. grew its position in Cooper Companies by 9.0% during the fourth quarter. BTIM Corp. now owns 58,798 shares of the medical device company’s stock valued at $14,965,000 after buying an additional 4,834 shares during the period.

In other news, CFO Brian G. Andrews sold 1,648 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $293.28, for a total value of $483,325.44. Following the transaction, the chief financial officer now owns 1,101 shares of the company’s stock, valued at $322,901.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary S. Petersmeyer sold 799 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $286.88, for a total transaction of $229,217.12. The disclosure for this sale can be found here. Insiders have sold 87,030 shares of company stock worth $25,461,465 in the last ninety days. Insiders own 1.70% of the company’s stock.

NYSE:COO traded up $1.65 during trading hours on Friday, hitting $293.31. 3,275 shares of the stock traded hands, compared to its average volume of 265,500. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.27 and a quick ratio of 0.75. Cooper Companies Inc has a 1 year low of $221.50 and a 1 year high of $302.36. The company has a market capitalization of $14.36 billion, a P/E ratio of 25.28, a P/E/G ratio of 2.25 and a beta of 0.85.

Cooper Companies (NYSE:COO) last issued its quarterly earnings results on Tuesday, March 5th. The medical device company reported $2.88 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.38. Cooper Companies had a net margin of 14.22% and a return on equity of 17.56%. The business had revenue of $628.10 million for the quarter, compared to the consensus estimate of $618.50 million. On average, sell-side analysts anticipate that Cooper Companies Inc will post 12.01 earnings per share for the current fiscal year.

Several brokerages recently issued reports on COO. Raymond James boosted their target price on shares of Cooper Companies from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. BMO Capital Markets boosted their target price on shares of Cooper Companies from $306.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Stephens boosted their target price on shares of Cooper Companies from $305.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. KeyCorp boosted their target price on shares of Cooper Companies from $296.00 to $314.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $325.00 target price on shares of Cooper Companies in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $307.90.

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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 Cooper Companies (NYSE:COO)

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