Kentucky Retirement Systems Lowers Stock Holdings in The Cooper Companies, Inc. (NASDAQ:COO)

Kentucky Retirement Systems cut its holdings in shares of The Cooper Companies, Inc. (NASDAQ:COOFree Report) by 5.6% during the fourth quarter, Holdings Channel reports. The firm owned 3,962 shares of the medical device company’s stock after selling 236 shares during the quarter. Kentucky Retirement Systems’ holdings in Cooper Companies were worth $1,499,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in COO. Lipe & Dalton lifted its holdings in Cooper Companies by 0.9% during the 4th quarter. Lipe & Dalton now owns 3,360 shares of the medical device company’s stock worth $1,272,000 after buying an additional 30 shares in the last quarter. WD Rutherford LLC grew its stake in shares of Cooper Companies by 0.4% in the fourth quarter. WD Rutherford LLC now owns 9,126 shares of the medical device company’s stock worth $3,541,000 after acquiring an additional 33 shares in the last quarter. Blue Trust Inc. increased its position in shares of Cooper Companies by 54.8% during the fourth quarter. Blue Trust Inc. now owns 96 shares of the medical device company’s stock worth $36,000 after acquiring an additional 34 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of Cooper Companies by 26.5% in the third quarter. Loomis Sayles & Co. L P now owns 167 shares of the medical device company’s stock valued at $53,000 after acquiring an additional 35 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Cooper Companies by 30.4% in the fourth quarter. Venturi Wealth Management LLC now owns 180 shares of the medical device company’s stock valued at $68,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 24.39% of the company’s stock.

Insider Buying and Selling at Cooper Companies

In other news, Director Gary S. Petersmeyer sold 1,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $103.51, for a total transaction of $103,510.00. Following the completion of the sale, the director now owns 5,668 shares in the company, valued at $586,694.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Gary S. Petersmeyer sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $103.51, for a total value of $103,510.00. Following the transaction, the director now owns 5,668 shares of the company’s stock, valued at $586,694.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Agostino Ricupati sold 54,724 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $100.89, for a total value of $5,521,104.36. Following the sale, the chief accounting officer now directly owns 5,081 shares of the company’s stock, valued at $512,622.09. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

COO has been the topic of several recent research reports. Piper Sandler upped their price target on Cooper Companies from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. TheStreet downgraded shares of Cooper Companies from a “b-” rating to a “c” rating in a research note on Thursday, February 29th. Stifel Nicolaus reissued a “buy” rating and issued a $110.00 price objective (up from $105.00) on shares of Cooper Companies in a research report on Friday, March 1st. KeyCorp began coverage on shares of Cooper Companies in a research report on Tuesday, February 6th. They set a “sector weight” rating for the company. Finally, Redburn Atlantic upgraded Cooper Companies from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research note on Tuesday, March 19th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Cooper Companies currently has a consensus rating of “Moderate Buy” and an average target price of $109.69.

Read Our Latest Analysis on COO

Cooper Companies Stock Down 0.1 %

Shares of NASDAQ COO opened at $97.21 on Tuesday. The stock has a market cap of $19.32 billion, a PE ratio of 66.47, a price-to-earnings-growth ratio of 2.47 and a beta of 0.97. The Cooper Companies, Inc. has a 52-week low of $75.93 and a 52-week high of $104.07. The business has a 50-day moving average price of $95.92 and a 200 day moving average price of $93.12. The company has a quick ratio of 1.08, a current ratio of 1.86 and a debt-to-equity ratio of 0.35.

Cooper Companies (NASDAQ:COOGet Free Report) last announced its earnings results on Thursday, February 29th. The medical device company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Cooper Companies had a net margin of 7.93% and a return on equity of 8.79%. The business had revenue of $931.60 million for the quarter, compared to analyst estimates of $915.93 million. During the same period last year, the firm posted $2.90 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities research analysts forecast that The Cooper Companies, Inc. will post 3.5 earnings per share for the current year.

About Cooper Companies

(Free Report)

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.

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

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