Principal Financial Group Inc. Has $18.10 Million Stake in Cooper Companies Inc (COO)

Principal Financial Group Inc. reduced its stake in shares of Cooper Companies Inc (NYSE:COO) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,338 shares of the medical device company’s stock after selling 2,889 shares during the quarter. Principal Financial Group Inc. owned 0.16% of Cooper Companies worth $18,101,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its holdings in shares of Cooper Companies by 30.6% during the 2nd quarter. Advisory Services Network LLC now owns 457 shares of the medical device company’s stock worth $109,000 after purchasing an additional 107 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Cooper Companies by 2.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 531 shares of the medical device company’s stock worth $126,000 after purchasing an additional 11 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in shares of Cooper Companies by 50.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 600 shares of the medical device company’s stock worth $144,000 after purchasing an additional 200 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Cooper Companies during the 3rd quarter worth $163,000. Finally, Penserra Capital Management LLC grew its holdings in shares of Cooper Companies by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 884 shares of the medical device company’s stock worth $211,000 after purchasing an additional 102 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors.

Shares of Cooper Companies Inc (COO) opened at $242.29 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. Cooper Companies Inc has a 1 year low of $158.73 and a 1 year high of $256.39. The firm has a market capitalization of $11,860.00, a price-to-earnings ratio of 25.91, a P/E/G ratio of 2.08 and a beta of 0.55.

Cooper Companies (NYSE:COO) last announced its quarterly earnings data on Thursday, August 31st. The medical device company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.06. Cooper Companies had a return on equity of 16.00% and a net margin of 16.45%. The business had revenue of $556.00 million during the quarter, compared to the consensus estimate of $552.32 million. During the same period in the prior year, the company earned $2.30 EPS. Cooper Companies’s revenue for the quarter was up 8.0% on a year-over-year basis. analysts predict that Cooper Companies Inc will post 9.72 earnings per share for the current year.

In related news, Director Gary S. Petersmeyer sold 3,977 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $244.94, for a total transaction of $974,126.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

COO has been the topic of several analyst reports. Robert W. Baird reissued a “buy” rating and set a $267.00 target price (up from $251.00) on shares of Cooper Companies in a report on Sunday, September 3rd. BMO Capital Markets reissued a “buy” rating and set a $272.00 target price on shares of Cooper Companies in a report on Friday, September 1st. Cleveland Research reissued a “buy” rating on shares of Cooper Companies in a report on Tuesday, August 22nd. Zacks Investment Research raised Cooper Companies from a “hold” rating to a “buy” rating and set a $277.00 target price on the stock in a report on Tuesday, August 22nd. Finally, Jefferies Group LLC set a $250.00 target price on Cooper Companies and gave the stock a “buy” rating in a report on Thursday, August 17th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Cooper Companies has a consensus rating of “Buy” and a consensus price target of $260.22.

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Cooper Companies Profile

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

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

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