Cooper Companies Inc (NYSE:COO) announced a semiannual dividend on Friday, January 5th, Wall Street Journal reports. Investors of record on Tuesday, January 23rd will be given a dividend of 0.03 per share by the medical device company on Friday, February 9th. This represents a yield of 0.03%. The ex-dividend date of this dividend is Monday, January 22nd.
Cooper Companies has a dividend payout ratio of 0.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cooper Companies to earn $12.43 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 0.5%.
Cooper Companies (COO) traded down $3.19 during mid-day trading on Friday, reaching $223.55. The company had a trading volume of 561,300 shares, compared to its average volume of 506,333. Cooper Companies has a fifty-two week low of $175.30 and a fifty-two week high of $256.39. The firm has a market capitalization of $11,250.00, a P/E ratio of 29.73, a PEG ratio of 1.83 and a beta of 0.54. The company has a current ratio of 2.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.
A number of research firms have weighed in on COO. Jefferies Group reaffirmed a “buy” rating and set a $250.00 price objective on shares of Cooper Companies in a report on Tuesday, September 12th. Stephens reaffirmed an “equal weight” rating and set a $250.00 price objective (up from $235.00) on shares of Cooper Companies in a report on Tuesday, September 12th. Oppenheimer reaffirmed a “hold” rating and set a $250.00 price objective on shares of Cooper Companies in a report on Tuesday, September 12th. Robert W. Baird reaffirmed a “buy” rating and set a $273.00 price objective (up from $267.00) on shares of Cooper Companies in a report on Tuesday, September 12th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $235.00 price objective on shares of Cooper Companies in a report on Tuesday, September 12th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Cooper Companies presently has a consensus rating of “Buy” and a consensus price target of $259.70.
In other news, Director Stanley Md Zinberg sold 5,000 shares of Cooper Companies stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $224.66, for a total value of $1,123,300.00. Following the completion of the transaction, the director now owns 6,090 shares in the company, valued at $1,368,179.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A Thomas Bender sold 9,150 shares of Cooper Companies stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $229.17, for a total transaction of $2,096,905.50. Following the completion of the transaction, the director now owns 11,205 shares of the company’s stock, valued at approximately $2,567,849.85. The disclosure for this sale can be found here. Insiders sold 47,935 shares of company stock valued at $10,813,768 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.
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Cooper Companies Company Profile
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.
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