Diversified Trust Co Grows Position in Cooper Companies Inc (NYSE:COO)

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Diversified Trust Co boosted its stake in shares of Cooper Companies Inc (NYSE:COO) by 10.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,070 shares of the medical device company’s stock after purchasing an additional 100 shares during the period. Diversified Trust Co’s holdings in Cooper Companies were worth $318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC lifted its position in Cooper Companies by 62.5% during the second quarter. Flagship Harbor Advisors LLC now owns 78 shares of the medical device company’s stock valued at $26,000 after purchasing an additional 30 shares in the last quarter. World Asset Management Inc lifted its position in shares of Cooper Companies by 1.2% in the second quarter. World Asset Management Inc now owns 2,744 shares of the medical device company’s stock valued at $924,000 after acquiring an additional 32 shares in the last quarter. Signaturefd LLC lifted its position in shares of Cooper Companies by 3.8% in the second quarter. Signaturefd LLC now owns 875 shares of the medical device company’s stock valued at $295,000 after acquiring an additional 32 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Cooper Companies by 1.4% in the first quarter. Nordea Investment Management AB now owns 2,598 shares of the medical device company’s stock valued at $769,000 after acquiring an additional 36 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cooper Companies by 0.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,282 shares of the medical device company’s stock valued at $3,464,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 95.71% of the company’s stock.

Shares of Cooper Companies stock opened at $290.81 on Friday. The stock’s 50-day simple moving average is $304.23 and its 200-day simple moving average is $309.92. Cooper Companies Inc has a 52 week low of $228.65 and a 52 week high of $344.32. The company has a market capitalization of $14.18 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 2.25 and a beta of 0.91. The company has a quick ratio of 0.73, a current ratio of 1.29 and a debt-to-equity ratio of 0.39.

Cooper Companies (NYSE:COO) last posted its earnings results on Thursday, August 29th. The medical device company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.07. The company had revenue of $679.40 million for the quarter, compared to the consensus estimate of $687.60 million. Cooper Companies had a return on equity of 17.15% and a net margin of 17.08%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.00 earnings per share. On average, equities analysts expect that Cooper Companies Inc will post 12.32 earnings per share for the current year.

Several equities analysts have recently commented on the company. Piper Jaffray Companies set a $360.00 price objective on Cooper Companies and gave the company a “buy” rating in a research report on Friday, August 30th. Raymond James restated a “buy” rating on shares of Cooper Companies in a research report on Monday, August 26th. Wells Fargo & Co boosted their price objective on Cooper Companies from $356.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. KeyCorp lowered their price objective on Cooper Companies from $351.00 to $348.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, ValuEngine downgraded Cooper Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Cooper Companies currently has a consensus rating of “Buy” and a consensus target price of $326.00.

In related news, Director Allan E. Rubenstein sold 1,335 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $299.61, for a total value of $399,979.35. Following the sale, the director now directly owns 3,591 shares in the company, valued at $1,075,899.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by insiders.

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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