Teachers Retirement System of The State of Kentucky Sells 144 Shares of The Cooper Companies, Inc. (NYSE:COO)

Teachers Retirement System of The State of Kentucky cut its stake in shares of The Cooper Companies, Inc. (NYSE:COOGet Rating) by 4.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,331 shares of the medical device company’s stock after selling 144 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Cooper Companies were worth $1,391,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COO. Bank of New York Mellon Corp lifted its holdings in shares of Cooper Companies by 24.2% during the first quarter. Bank of New York Mellon Corp now owns 1,089,699 shares of the medical device company’s stock valued at $455,046,000 after acquiring an additional 212,257 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Cooper Companies by 17.4% in the first quarter. JPMorgan Chase & Co. now owns 1,120,044 shares of the medical device company’s stock valued at $467,719,000 after buying an additional 165,647 shares in the last quarter. BlackRock Inc. increased its stake in shares of Cooper Companies by 4.1% in the fourth quarter. BlackRock Inc. now owns 4,000,869 shares of the medical device company’s stock valued at $1,676,126,000 after buying an additional 158,358 shares in the last quarter. Invesco Ltd. increased its stake in shares of Cooper Companies by 10.8% in the first quarter. Invesco Ltd. now owns 1,620,188 shares of the medical device company’s stock valued at $676,575,000 after buying an additional 157,305 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Cooper Companies by 67.2% in the fourth quarter. Alliancebernstein L.P. now owns 332,846 shares of the medical device company’s stock valued at $139,443,000 after buying an additional 133,785 shares in the last quarter. 97.09% of the stock is owned by institutional investors.

Cooper Companies Price Performance

Shares of COO stock opened at $274.19 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.16 and a debt-to-equity ratio of 0.33. The Cooper Companies, Inc. has a 12 month low of $271.54 and a 12 month high of $444.22. The firm has a market cap of $13.53 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 2.22 and a beta of 0.93. The stock has a 50-day moving average price of $310.75 and a 200 day moving average price of $342.52.

Cooper Companies (NYSE:COOGet Rating) last issued its earnings results on Wednesday, August 31st. The medical device company reported $3.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.01). Cooper Companies had a return on equity of 9.22% and a net margin of 13.38%. The company had revenue of $843.40 million for the quarter, compared to the consensus estimate of $830.22 million. During the same quarter last year, the business posted $3.41 EPS. Cooper Companies’s quarterly revenue was up 10.5% on a year-over-year basis. Research analysts expect that The Cooper Companies, Inc. will post 12.79 EPS for the current year.

Cooper Companies Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Thursday, August 11th. Shareholders of record on Wednesday, July 27th were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, July 26th. Cooper Companies’s dividend payout ratio (DPR) is currently 0.69%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Piper Sandler lowered their target price on Cooper Companies from $425.00 to $375.00 and set an “overweight” rating for the company in a research note on Friday, July 8th. Citigroup lowered their target price on Cooper Companies from $406.00 to $350.00 and set a “buy” rating for the company in a research note on Thursday, September 1st. Stephens lowered their target price on Cooper Companies from $500.00 to $460.00 and set an “overweight” rating for the company in a research note on Friday, June 3rd. TheStreet lowered Cooper Companies from a “b-” rating to a “c+” rating in a research note on Monday, July 18th. Finally, Stifel Nicolaus lowered their price objective on Cooper Companies from $475.00 to $450.00 in a research report on Monday, June 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $406.00.

Cooper Companies Company Profile

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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 offers spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, myopia, ocular dryness and eye fatigues in the Americas, Europe, Middle East, Africa, and Asia Pacific.

See Also

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

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