Cooper Companies Inc (COO) Shares Bought by Commerce Bank

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Commerce Bank lifted its stake in shares of Cooper Companies Inc (NYSE:COO) by 1.8% in the 1st quarter, Holdings Channel reports. The firm owned 114,910 shares of the medical device company’s stock after buying an additional 2,006 shares during the quarter. Commerce Bank’s holdings in Cooper Companies were worth $34,032,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Essex Savings Bank purchased a new position in Cooper Companies in the 4th quarter valued at approximately $25,000. Certified Advisory Corp purchased a new position in Cooper Companies in the 4th quarter valued at approximately $25,000. Executive Wealth Management LLC purchased a new position in Cooper Companies in the 4th quarter valued at approximately $34,000. Financial Gravity Companies Inc. purchased a new position in Cooper Companies in the 4th quarter valued at approximately $46,000. Finally, Quadrant Capital Group LLC grew its stake in Cooper Companies by 827.8% in the 1st quarter. Quadrant Capital Group LLC now owns 167 shares of the medical device company’s stock valued at $47,000 after buying an additional 149 shares in the last quarter.

Shares of NYSE:COO opened at $292.51 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.49. Cooper Companies Inc has a one year low of $221.50 and a one year high of $302.36. The firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 2.27 and a beta of 0.85.

Cooper Companies (NYSE:COO) last announced its quarterly earnings results on Tuesday, March 5th. The medical device company reported $2.88 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $628.10 million during the quarter, compared to the consensus estimate of $618.50 million. On average, equities analysts expect that Cooper Companies Inc will post 12.01 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on COO shares. Zacks Investment Research upgraded shares of Cooper Companies from a “hold” rating to a “buy” rating and set a $317.00 price objective for the company in a research note on Friday, March 8th. Jefferies Financial Group raised their price target on shares of Cooper Companies to $330.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Wells Fargo & Co raised their price target on shares of Cooper Companies from $305.00 to $325.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Raymond James raised their price target on shares of Cooper Companies from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, BMO Capital Markets raised their price target on shares of Cooper Companies from $306.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $307.90.

In other news, Director Robert S. Weiss sold 70,902 shares of Cooper Companies stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $291.81, for a total transaction of $20,689,912.62. Following the completion of the sale, the director now directly owns 117,185 shares of the company’s stock, valued at approximately $34,195,754.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stanley Md Zinberg sold 740 shares of Cooper Companies stock in a transaction on Monday, March 11th. The stock was sold at an average price of $290.03, for a total transaction of $214,622.20. Following the sale, the director now directly owns 17,421 shares of the company’s stock, valued at $5,052,612.63. The disclosure for this sale can be found here. Insiders have sold a total of 87,030 shares of company stock valued at $25,461,465 over the last ninety days. 1.70% of the stock is currently owned by insiders.

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About Cooper Companies

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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Want to see what other hedge funds are holding COO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cooper Companies Inc (NYSE:COO).

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

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