Cooper Companies Inc (NYSE:COO) Director Sells $16,884,983.44 in Stock

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Cooper Companies Inc (NYSE:COO) Director Robert S. Weiss sold 52,156 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $323.74, for a total value of $16,884,983.44. Following the completion of the sale, the director now directly owns 154,975 shares of the company’s stock, valued at $50,171,606.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of COO traded up $4.03 on Wednesday, hitting $328.12. The company’s stock had a trading volume of 250,074 shares, compared to its average volume of 347,731. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.68 and a current ratio of 1.21. Cooper Companies Inc has a fifty-two week low of $225.62 and a fifty-two week high of $329.11. The firm has a market capitalization of $15.93 billion, a PE ratio of 28.53, a P/E/G ratio of 2.45 and a beta of 0.78.

Cooper Companies (NYSE:COO) last issued its quarterly earnings data on Thursday, May 30th. The medical device company reported $2.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $0.18. Cooper Companies had a return on equity of 17.25% and a net margin of 16.46%. The business had revenue of $654.30 million during the quarter, compared to analyst estimates of $655.00 million. During the same period in the previous year, the firm earned $2.86 EPS. Cooper Companies’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts predict that Cooper Companies Inc will post 12.24 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Certified Advisory Corp acquired a new position in Cooper Companies during the 4th quarter worth approximately $25,000. Executive Wealth Management LLC acquired a new position in Cooper Companies during the 4th quarter worth approximately $34,000. Financial Gravity Companies Inc. acquired a new position in Cooper Companies during the 4th quarter worth approximately $46,000. Quadrant Capital Group LLC boosted its position in Cooper Companies by 827.8% during the 1st quarter. Quadrant Capital Group LLC now owns 167 shares of the medical device company’s stock worth $47,000 after acquiring an additional 149 shares during the last quarter. Finally, Zions Bancorporation N.A. acquired a new position in Cooper Companies during the 1st quarter worth approximately $53,000. 95.98% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on COO. Wells Fargo & Co upped their price target on Cooper Companies from $325.00 to $356.00 and gave the company an “outperform” rating in a research note on Monday. Zacks Investment Research upgraded Cooper Companies from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a research report on Friday, June 7th. Northcoast Research reiterated a “buy” rating and issued a $340.00 price objective (up from $331.00) on shares of Cooper Companies in a research report on Monday, June 3rd. Jefferies Financial Group boosted their price objective on Cooper Companies to $330.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Stephens boosted their price objective on Cooper Companies from $305.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. Cooper Companies presently has an average rating of “Buy” and an average price target of $315.36.

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Cooper Companies Company 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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