LPL Financial LLC Buys 205 Shares of The Cooper Companies, Inc. (NYSE:COO)

LPL Financial LLC boosted its stake in The Cooper Companies, Inc. (NYSE:COO – Get Rating) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,481 shares of the medical device company’s stock after acquiring an additional 205 shares during the period. LPL Financial LLC’s holdings in Cooper Companies were worth $3,135,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of COO. Greenwood Capital Associates LLC purchased a new position in shares of Cooper Companies in the fourth quarter worth about $25,000. CI Investments Inc. increased its stake in shares of Cooper Companies by 60.7% in the third quarter. CI Investments Inc. now owns 135 shares of the medical device company’s stock worth $36,000 after purchasing an additional 51 shares in the last quarter. Standard Family Office LLC purchased a new position in shares of Cooper Companies in the third quarter worth about $37,000. General Partner Inc. purchased a new position in shares of Cooper Companies in the fourth quarter worth about $37,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of Cooper Companies in the third quarter worth about $58,000. Hedge funds and other institutional investors own 96.78% of the company’s stock.

Cooper Companies Trading Up 0.6 %

NYSE:COO opened at $387.90 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. The Cooper Companies, Inc. has a 52 week low of $244.21 and a 52 week high of $395.20. The firm has a market capitalization of $19.19 billion, a P/E ratio of 51.38, a P/E/G ratio of 2.77 and a beta of 0.91. The company has a fifty day moving average of $370.26 and a 200 day moving average of $342.01.

Cooper Companies (NYSE:COO – Get Rating) last issued its quarterly earnings data on Thursday, March 2nd. The medical device company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.66 by $0.24. Cooper Companies had a net margin of 11.10% and a return on equity of 8.39%. The business had revenue of $858.50 million during the quarter, compared to analyst estimates of $834.90 million. During the same period in the prior year, the business earned $3.24 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, research analysts predict that The Cooper Companies, Inc. will post 12.73 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on COO shares. Robert W. Baird boosted their price objective on shares of Cooper Companies from $371.00 to $385.00 in a research note on Friday, March 3rd. Wells Fargo & Company boosted their price objective on shares of Cooper Companies from $355.00 to $430.00 in a research note on Monday. StockNews.com started coverage on shares of Cooper Companies in a research note on Thursday. They set a “hold” rating for the company. TheStreet raised shares of Cooper Companies from a “c+” rating to a “b-” rating in a research note on Friday, April 14th. Finally, Citigroup boosted their price objective on shares of Cooper Companies from $372.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, April 3rd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Cooper Companies presently has an average rating of “Moderate Buy” and a consensus target price of $393.30.

Insiders Place Their Bets

In other news, CAO Agostino Ricupati sold 1,000 shares of the company’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $370.00, for a total value of $370,000.00. Following the sale, the chief accounting officer now directly owns 863 shares of the company’s stock, valued at approximately $319,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert S. Weiss sold 37,510 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $337.72, for a total value of $12,667,877.20. Following the sale, the director now directly owns 70,000 shares of the company’s stock, valued at approximately $23,640,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Agostino Ricupati sold 1,000 shares of the stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $370.00, for a total transaction of $370,000.00. Following the sale, the chief accounting officer now directly owns 863 shares in the company, valued at $319,310. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,726 shares of company stock worth $13,451,962. 2.00% of the stock is currently owned by corporate insiders.

About Cooper Companies

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The Cooper Cos, Inc operates as a medical device company. It operates through the Cooper Vision and Cooper Surgical segments. The Cooper Vision segment develops, manufactures, and markets products for contact lens wearers, which solves vision challenges such as astigmatism, presbyopia, myopia, ocular dryness, and eye fatigues.