Signaturefd LLC Buys 35 Shares of The Cooper Companies, Inc. (NYSE:COO)

Posted by Defense World Staff on Apr 15th, 2023

Signaturefd LLC increased its stake in The Cooper Companies, Inc. (NYSE:COO – Get Rating) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,210 shares of the medical device company’s stock after purchasing an additional 35 shares during the quarter. Signaturefd LLC’s holdings in Cooper Companies were worth $400,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Greenwood Capital Associates LLC bought a new position in Cooper Companies in the 4th quarter worth $25,000. CI Investments Inc. increased its stake in Cooper Companies by 60.7% in the 3rd quarter. CI Investments Inc. now owns 135 shares of the medical device company’s stock worth $36,000 after buying an additional 51 shares in the last quarter. Standard Family Office LLC purchased a new stake in Cooper Companies in the 3rd quarter worth $37,000. General Partner Inc. purchased a new stake in Cooper Companies in the 4th quarter worth $37,000. Finally, Picton Mahoney Asset Management purchased a new stake in Cooper Companies in the 3rd quarter worth $58,000. 96.78% of the stock is owned by institutional investors.

Cooper Companies Trading Down 1.0 %

COO opened at $373.71 on Friday. The firm has a market cap of $18.48 billion, a P/E ratio of 49.50, a P/E/G ratio of 2.66 and a beta of 0.91. The Cooper Companies, Inc. has a 12 month low of $244.21 and a 12 month high of $421.27. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $348.56 and a 200 day moving average of $322.00.

Cooper Companies (NYSE:COO – Get Rating) last released its quarterly earnings results on Thursday, March 2nd. The medical device company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.66 by $0.24. The company had revenue of $858.50 million during the quarter, compared to analyst estimates of $834.90 million. Cooper Companies had a return on equity of 8.39% and a net margin of 11.10%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $3.24 earnings per share. As a group, research analysts forecast that The Cooper Companies, Inc. will post 12.73 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on COO shares. StockNews.com started coverage on Cooper Companies in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Piper Sandler increased their price target on Cooper Companies from $350.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 11th. Citigroup increased their price target on Cooper Companies from $372.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, April 3rd. Robert W. Baird increased their price target on Cooper Companies from $371.00 to $385.00 in a research note on Friday, March 3rd. Finally, Mizuho raised their price objective on Cooper Companies from $385.00 to $390.00 in a research report on Friday, March 3rd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cooper Companies currently has a consensus rating of “Moderate Buy” and an average target price of $388.80.

Insider Buying and Selling

In related news, CAO Agostino Ricupati sold 1,000 shares of Cooper Companies stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $370.00, for a total value of $370,000.00. Following the completion of the transaction, the chief accounting officer now owns 863 shares in the company, valued at $319,310. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Cooper Companies news, CAO Agostino Ricupati sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $370.00, for a total value of $370,000.00. Following the completion of the sale, the chief accounting officer now owns 863 shares of the company’s stock, valued at $319,310. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert S. Weiss sold 37,510 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $337.72, for a total transaction of $12,667,877.20. Following the completion of the sale, the director now directly owns 70,000 shares of the company’s stock, valued at approximately $23,640,400. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,726 shares of company stock worth $13,451,962. Corporate insiders own 2.00% of the company’s stock.

Cooper Companies Company Profile

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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.