The Cooper Companies, Inc. (NASDAQ:COO) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its holdings in The Cooper Companies, Inc. (NASDAQ:COO) by 5.5% in the third quarter, HoldingsChannel.com reports. The firm owned 16,016 shares of the medical device company’s stock after selling 939 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Cooper Companies were worth $1,768,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in shares of Cooper Companies by 23.0% in the 3rd quarter. Victory Capital Management Inc. now owns 3,950,119 shares of the medical device company’s stock valued at $435,856,000 after buying an additional 737,726 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Cooper Companies by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 758,332 shares of the medical device company’s stock valued at $66,202,000 after acquiring an additional 26,787 shares in the last quarter. TD Asset Management Inc purchased a new position in shares of Cooper Companies during the second quarter worth about $53,045,000. Qsemble Capital Management LP acquired a new stake in shares of Cooper Companies during the second quarter worth about $4,078,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Cooper Companies by 60.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 38,065 shares of the medical device company’s stock valued at $3,323,000 after purchasing an additional 14,413 shares during the last quarter. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cooper Companies

In related news, CEO Albert G. White III sold 114,992 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $110.53, for a total transaction of $12,710,065.76. Following the completion of the sale, the chief executive officer now owns 165,273 shares of the company’s stock, valued at approximately $18,267,624.69. This represents a 41.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

COO has been the topic of a number of research reports. Citigroup dropped their price target on Cooper Companies from $116.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Wells Fargo & Company lifted their target price on shares of Cooper Companies from $115.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Morgan Stanley decreased their price target on shares of Cooper Companies from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Friday, December 6th. Stifel Nicolaus restated a “buy” rating and issued a $115.00 price objective (up from $110.00) on shares of Cooper Companies in a research note on Thursday, August 29th. Finally, Piper Sandler increased their target price on shares of Cooper Companies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cooper Companies presently has an average rating of “Moderate Buy” and an average target price of $117.00.

Cooper Companies Price Performance

COO opened at $93.98 on Tuesday. The Cooper Companies, Inc. has a 1 year low of $84.76 and a 1 year high of $112.38. The company’s 50 day simple moving average is $103.26 and its 200 day simple moving average is $99.00. The stock has a market capitalization of $18.76 billion, a PE ratio of 48.19, a P/E/G ratio of 2.52 and a beta of 0.97. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.91.

Cooper Companies (NASDAQ:COO) last posted its quarterly earnings results on Thursday, December 5th. The medical device company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the firm posted $0.87 earnings per share. Cooper Companies’s revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts expect that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Cooper Companies Profile

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.