Fifth Third Bancorp Sells 127 Shares of The Cooper Companies, Inc. (NYSE:COO)

Fifth Third Bancorp trimmed its holdings in shares of The Cooper Companies, Inc. (NYSE:COOGet Rating) by 12.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 875 shares of the medical device company’s stock after selling 127 shares during the period. Fifth Third Bancorp’s holdings in Cooper Companies were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. CAPROCK Group Inc. bought a new position in shares of Cooper Companies during the second quarter valued at approximately $221,000. Kentucky Retirement Systems boosted its position in Cooper Companies by 16.5% during the 2nd quarter. Kentucky Retirement Systems now owns 3,659 shares of the medical device company’s stock valued at $1,146,000 after acquiring an additional 517 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Cooper Companies by 11.1% in the 2nd quarter. SG Americas Securities LLC now owns 2,697 shares of the medical device company’s stock valued at $844,000 after acquiring an additional 270 shares during the period. Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Cooper Companies by 15.7% in the 2nd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 1,684 shares of the medical device company’s stock worth $527,000 after acquiring an additional 229 shares in the last quarter. Finally, United Capital Financial Advisers LLC raised its position in shares of Cooper Companies by 10.5% in the 2nd quarter. United Capital Financial Advisers LLC now owns 1,007 shares of the medical device company’s stock worth $315,000 after acquiring an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 96.78% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Mizuho began coverage on Cooper Companies in a research note on Thursday, December 22nd. They issued a “buy” rating and a $375.00 target price on the stock. Piper Sandler lifted their price objective on shares of Cooper Companies from $350.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup increased their target price on shares of Cooper Companies from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Monday, December 12th. Robert W. Baird cut their price target on shares of Cooper Companies from $370.00 to $355.00 and set an “outperform” rating on the stock in a report on Friday, December 9th. Finally, JPMorgan Chase & Co. increased their price objective on Cooper Companies from $300.00 to $330.00 in a report on Monday, November 28th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $378.10.

Cooper Companies Price Performance

NYSE COO opened at $350.31 on Thursday. The company has a market cap of $17.29 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 2.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.20 and a quick ratio of 0.71. The stock’s fifty day moving average price is $317.48 and its 200 day moving average price is $303.88. The Cooper Companies, Inc. has a 1 year low of $244.21 and a 1 year high of $430.67.

Cooper Companies (NYSE:COOGet Rating) last announced its quarterly earnings data on Thursday, December 8th. The medical device company reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.36). Cooper Companies had a net margin of 11.66% and a return on equity of 8.76%. The firm had revenue of $848.10 million during the quarter, compared to analyst estimates of $838.88 million. During the same period in the prior year, the company posted $3.28 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts forecast that The Cooper Companies, Inc. will post 12.44 earnings per share for the current year.

Cooper Companies Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, February 10th. Shareholders of record on Monday, January 23rd will be given a dividend of $0.03 per share. The ex-dividend date is Friday, January 20th. Cooper Companies’s dividend payout ratio is presently 0.77%.

Insider Buying and Selling at Cooper Companies

In other news, Director Jody S. Lindell sold 1,000 shares of the stock in a transaction on Friday, January 6th. The shares were sold at an average price of $344.30, for a total value of $344,300.00. Following the sale, the director now owns 13,543 shares in the company, valued at $4,662,854.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

Cooper Companies Company Profile

(Get Rating)

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, myopia, ocular dryness and eye fatigues in the Americas, Europe, Middle East, Africa, and Asia Pacific.

Read More

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

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

Receive News & Ratings for Cooper Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper Companies and related companies with MarketBeat.com's FREE daily email newsletter.