Cooper Companies Inc (COO) Holdings Cut by Torray LLC

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Torray LLC reduced its stake in shares of Cooper Companies Inc (NYSE:COO) by 5.7% in the 1st quarter, HoldingsChannel reports. The fund owned 79,669 shares of the medical device company’s stock after selling 4,791 shares during the quarter. Cooper Companies comprises 2.5% of Torray LLC’s holdings, making the stock its 4th largest position. Torray LLC’s holdings in Cooper Companies were worth $23,596,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in COO. Legal & General Group Plc grew its position in shares of Cooper Companies by 9.7% during the third quarter. Legal & General Group Plc now owns 255,020 shares of the medical device company’s stock worth $70,679,000 after acquiring an additional 22,461 shares during the last quarter. Vanguard Group Inc lifted its holdings in Cooper Companies by 0.6% in the third quarter. Vanguard Group Inc now owns 5,041,468 shares of the medical device company’s stock worth $1,397,243,000 after purchasing an additional 31,280 shares during the period. Meeder Asset Management Inc. lifted its holdings in Cooper Companies by 50.6% in the fourth quarter. Meeder Asset Management Inc. now owns 5,410 shares of the medical device company’s stock worth $1,377,000 after purchasing an additional 1,817 shares during the period. James Hambro & Partners acquired a new stake in Cooper Companies in the fourth quarter worth about $1,885,000. Finally, BTIM Corp. lifted its holdings in Cooper Companies by 9.0% in the fourth quarter. BTIM Corp. now owns 58,798 shares of the medical device company’s stock worth $14,965,000 after purchasing an additional 4,834 shares during the period.

In related news, SVP Agostino Ricupati sold 2,400 shares of the stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $296.13, for a total value of $710,712.00. Following the transaction, the senior vice president now owns 400 shares in the company, valued at $118,452. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert D. Auerbach sold 5,326 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $300.00, for a total value of $1,597,800.00. Following the completion of the transaction, the insider now owns 4,954 shares in the company, valued at approximately $1,486,200. The disclosure for this sale can be found here. Insiders sold 87,030 shares of company stock worth $25,461,465 in the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on COO shares. Zacks Investment Research downgraded shares of Cooper Companies from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Jefferies Financial Group boosted their price objective on Cooper Companies to $330.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Wells Fargo & Co boosted their price objective on Cooper Companies from $305.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Stephens boosted their price objective on Cooper Companies from $305.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, Raymond James upped their target price on Cooper Companies from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. Cooper Companies presently has a consensus rating of “Buy” and a consensus target price of $307.90.

Shares of COO traded up $2.25 during trading hours on Friday, reaching $293.91. The company’s stock had a trading volume of 4,896 shares, compared to its average volume of 265,500. Cooper Companies Inc has a 1-year low of $221.50 and a 1-year high of $302.36. The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 2.25 and a beta of 0.85. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.27 and a quick ratio of 0.75.

Cooper Companies (NYSE:COO) last released its quarterly earnings data on Tuesday, March 5th. The medical device company reported $2.88 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.38. Cooper Companies had a return on equity of 17.56% and a net margin of 14.22%. The firm had revenue of $628.10 million for the quarter, compared to the consensus estimate of $618.50 million. Equities research analysts expect that Cooper Companies Inc will post 12.01 earnings per share for the current fiscal year.

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Cooper Companies Profile

The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.

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

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