WCM Investment Management CA Grows Stake in Cooper Companies Inc (NYSE:COO)

WCM Investment Management CA boosted its holdings in Cooper Companies Inc (NYSE:COO) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 383,859 shares of the medical device company’s stock after purchasing an additional 40,797 shares during the quarter. Cooper Companies comprises 0.9% of WCM Investment Management CA’s holdings, making the stock its 15th largest holding. WCM Investment Management CA owned 0.78% of Cooper Companies worth $83,635,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Koch Industries Inc. purchased a new position in Cooper Companies in the second quarter worth $312,000. American Century Companies Inc. boosted its position in Cooper Companies by 471.0% in the third quarter. American Century Companies Inc. now owns 316,233 shares of the medical device company’s stock worth $74,982,000 after purchasing an additional 260,847 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in Cooper Companies by 47.8% in the third quarter. Westfield Capital Management Co. LP now owns 636,882 shares of the medical device company’s stock worth $151,011,000 after purchasing an additional 206,003 shares during the last quarter. Legal & General Group Plc boosted its position in Cooper Companies by 162.8% in the third quarter. Legal & General Group Plc now owns 254,120 shares of the medical device company’s stock worth $60,232,000 after purchasing an additional 157,416 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Cooper Companies in the third quarter worth $18,948,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

A number of research analysts have recently commented on COO shares. Zacks Investment Research lowered Cooper Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Raymond James Financial restated a “buy” rating and issued a $265.00 target price on shares of Cooper Companies in a research note on Monday, December 4th. Stifel Nicolaus restated a “buy” rating and issued a $265.00 target price (down from $275.00) on shares of Cooper Companies in a research note on Friday, December 8th. KeyCorp restated a “hold” rating on shares of Cooper Companies in a research note on Friday, October 20th. Finally, Oppenheimer set a $250.00 price objective on Cooper Companies and gave the stock a “hold” rating in a report on Friday, December 8th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $259.70.

In other Cooper Companies news, Director A Thomas Bender sold 9,150 shares of Cooper Companies stock in a transaction on Monday, December 18th. The stock was sold at an average price of $229.17, for a total value of $2,096,905.50. Following the completion of the sale, the director now owns 11,205 shares of the company’s stock, valued at approximately $2,567,849.85. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Allan E. Rubenstein sold 500 shares of Cooper Companies stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $222.00, for a total value of $111,000.00. Following the completion of the sale, the director now directly owns 6,590 shares of the company’s stock, valued at approximately $1,462,980. The disclosure for this sale can be found here. Insiders sold a total of 54,385 shares of company stock valued at $12,289,463 in the last three months. Corporate insiders own 1.60% of the company’s stock.

Shares of Cooper Companies Inc (NYSE COO) opened at $229.79 on Thursday. Cooper Companies Inc has a fifty-two week low of $189.41 and a fifty-two week high of $256.39. The company has a current ratio of 2.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $11,070.01, a PE ratio of 30.56, a P/E/G ratio of 1.82 and a beta of 0.57.

Cooper Companies (NYSE:COO) last released its quarterly earnings data on Thursday, December 7th. The medical device company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.01. Cooper Companies had a return on equity of 16.02% and a net margin of 17.43%. The business had revenue of $561.50 million during the quarter, compared to analysts’ expectations of $558.86 million. During the same quarter last year, the business posted $2.28 EPS. The business’s revenue was up 8.3% on a year-over-year basis. equities analysts predict that Cooper Companies Inc will post 11.55 earnings per share for the current fiscal year.

The company also recently announced a semiannual dividend, which was paid on Friday, February 9th. Stockholders of record on Tuesday, January 23rd were given a $0.03 dividend. This represents a dividend yield of 0.03%. The ex-dividend date of this dividend was Monday, January 22nd. Cooper Companies’s dividend payout ratio is currently 0.80%.

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About Cooper Companies

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.

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

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