Siemens Fonds Invest GmbH Purchases New Shares in The Cooper Companies, Inc. (NYSE:COO)

Posted by on Jun 13th, 2023

Siemens Fonds Invest GmbH purchased a new stake in The Cooper Companies, Inc. (NYSE:COO – Get Rating) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 675 shares of the medical device company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Silvercrest Asset Management Group LLC raised its position in Cooper Companies by 104.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 6,186 shares of the medical device company’s stock valued at $2,046,000 after purchasing an additional 3,163 shares during the last quarter. Quantinno Capital Management LP increased its position in Cooper Companies by 1,020.9% in the 4th quarter. Quantinno Capital Management LP now owns 10,514 shares of the medical device company’s stock valued at $3,477,000 after acquiring an additional 9,576 shares during the period. Townsquare Capital LLC increased its position in Cooper Companies by 15.4% in the 4th quarter. Townsquare Capital LLC now owns 16,600 shares of the medical device company’s stock valued at $5,489,000 after acquiring an additional 2,210 shares during the period. First Republic Investment Management Inc. increased its position in Cooper Companies by 23.4% in the 4th quarter. First Republic Investment Management Inc. now owns 2,310 shares of the medical device company’s stock valued at $764,000 after acquiring an additional 438 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Cooper Companies by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 268,550 shares of the medical device company’s stock valued at $88,801,000 after buying an additional 8,840 shares during the last quarter. Hedge funds and other institutional investors own 96.78% of the company’s stock.

Insider Buying and Selling at Cooper Companies

In other news, CAO Agostino Ricupati sold 1,000 shares of the business’s stock in a transaction on 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 directly owns 863 shares of the company’s stock, valued at $319,310. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on COO. Piper Sandler boosted their price objective on shares of Cooper Companies from $375.00 to $430.00 in a research note on Wednesday, May 24th. Mizuho boosted their price objective on shares of Cooper Companies from $390.00 to $400.00 in a research note on Tuesday, April 18th. Robert W. Baird lifted their price objective on Cooper Companies from $385.00 to $400.00 in a report on Friday, June 2nd. Stifel Nicolaus lifted their price objective on Cooper Companies from $380.00 to $420.00 in a report on Tuesday, May 16th. Finally, Morgan Stanley assumed coverage on Cooper Companies in a report on Tuesday, May 30th. They issued an “equal weight” rating and a $410.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $393.89.

Cooper Companies Stock Up 2.8 %

Cooper Companies stock opened at $355.95 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 1.69. The firm has a market capitalization of $17.62 billion, a price-to-earnings ratio of 61.37, a price-to-earnings-growth ratio of 2.46 and a beta of 0.92. The Cooper Companies, Inc. has a fifty-two week low of $244.21 and a fifty-two week high of $395.20. The stock’s fifty day moving average is $375.83 and its two-hundred day moving average is $351.24.

Cooper Companies (NYSE:COO – Get Rating) last posted its earnings results on Thursday, June 1st. The medical device company reported $3.08 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.04. The company had revenue of $877.40 million for the quarter, compared to analyst estimates of $865.81 million. Cooper Companies had a return on equity of 8.18% and a net margin of 8.41%. Cooper Companies’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.24 earnings per share. Analysts predict that The Cooper Companies, Inc. will post 12.8 EPS for the current fiscal year.

Cooper Companies 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.

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

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