The Cooper Companies, Inc. (NYSE:COO) Stock Position Reduced by Securian Asset Management Inc

Securian Asset Management Inc cut its stake in shares of The Cooper Companies, Inc. (NYSE:COO) by 2.3% during the second quarter, HoldingsChannel.com reports. The firm owned 4,230 shares of the medical device company’s stock after selling 100 shares during the period. Securian Asset Management Inc’s holdings in The Cooper Companies were worth $1,676,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFM Investors Pty Ltd grew its position in The Cooper Companies by 36.8% during the first quarter. IFM Investors Pty Ltd now owns 6,840 shares of the medical device company’s stock valued at $2,627,000 after purchasing an additional 1,841 shares in the last quarter. Victory Capital Management Inc. grew its position in The Cooper Companies by 3.5% during the second quarter. Victory Capital Management Inc. now owns 775,553 shares of the medical device company’s stock valued at $307,328,000 after purchasing an additional 26,164 shares in the last quarter. Nuveen Asset Management LLC grew its position in The Cooper Companies by 149.3% during the first quarter. Nuveen Asset Management LLC now owns 499,488 shares of the medical device company’s stock valued at $191,849,000 after purchasing an additional 299,157 shares in the last quarter. Ossiam grew its position in The Cooper Companies by 109.9% in the first quarter. Ossiam now owns 3,165 shares of the medical device company’s stock worth $1,216,000 after acquiring an additional 1,657 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in The Cooper Companies by 13.7% in the second quarter. Fifth Third Bancorp now owns 356 shares of the medical device company’s stock worth $141,000 after acquiring an additional 43 shares in the last quarter. 97.08% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on COO shares. Jefferies Financial Group reissued a “buy” rating and issued a $450.00 target price on shares of The Cooper Companies in a research report on Monday, May 24th. Stifel Nicolaus boosted their target price on shares of The Cooper Companies from $450.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, September 3rd. KeyCorp boosted their target price on shares of The Cooper Companies from $444.00 to $476.00 and gave the stock an “overweight” rating in a research report on Friday, September 3rd. Stephens boosted their target price on shares of The Cooper Companies from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, July 16th. Finally, Citigroup upped their price objective on shares of The Cooper Companies from $400.00 to $453.00 and gave the stock a “neutral” rating in a report on Friday, September 3rd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $433.08.

In other news, SVP Agostino Ricupati sold 2,200 shares of The Cooper Companies stock in a transaction on Thursday, June 17th. The stock was sold at an average price of $385.55, for a total transaction of $848,210.00. Following the completion of the sale, the senior vice president now owns 1,661 shares of the company’s stock, valued at $640,398.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian G. Andrews sold 4,963 shares of The Cooper Companies stock in a transaction on Tuesday, September 7th. The stock was sold at an average price of $453.12, for a total value of $2,248,834.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,687 shares of company stock valued at $37,777,128. Company insiders own 1.70% of the company’s stock.

Shares of COO stock opened at $441.47 on Wednesday. The Cooper Companies, Inc. has a 52-week low of $314.29 and a 52-week high of $463.59. The stock has a market cap of $21.77 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 3.39 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.83 and a current ratio of 1.39. The firm has a fifty day moving average of $427.23 and a 200-day moving average of $403.26.

The Cooper Companies (NYSE:COO) last released its quarterly earnings data on Wednesday, September 1st. The medical device company reported $3.41 EPS for the quarter, topping the Zacks’ consensus estimate of $3.29 by $0.12. The Cooper Companies had a net margin of 102.48% and a return on equity of 11.42%. The firm had revenue of $763.40 million during the quarter, compared to analysts’ expectations of $727.30 million. During the same period in the previous year, the business posted $2.28 earnings per share. The company’s revenue for the quarter was up 32.0% compared to the same quarter last year. On average, sell-side analysts predict that The Cooper Companies, Inc. will post 13.32 earnings per share for the current year.

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, August 11th. Shareholders of record on Tuesday, July 27th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, July 26th. The Cooper Companies’s dividend payout ratio (DPR) is 0.62%.

About The Cooper Companies

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.

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

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