The Manufacturers Life Insurance Company boosted its position in Cooper Companies Inc (NYSE:COO) by 8.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 263,312 shares of the medical device company’s stock after purchasing an additional 20,376 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Cooper Companies were worth $57,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. Sentry Investment Management LLC increased its position in Cooper Companies by 0.7% in the second quarter. Sentry Investment Management LLC now owns 2,801 shares of the medical device company’s stock worth $671,000 after buying an additional 19 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Cooper Companies by 30.6% in the second quarter. Advisory Services Network LLC now owns 457 shares of the medical device company’s stock worth $109,000 after acquiring an additional 107 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Cooper Companies by 4.2% in the fourth quarter. CIBC Asset Management Inc now owns 5,313 shares of the medical device company’s stock worth $1,158,000 after acquiring an additional 212 shares during the period. Edgestream Partners L.P. boosted its holdings in shares of Cooper Companies by 26.0% in the third quarter. Edgestream Partners L.P. now owns 1,128 shares of the medical device company’s stock worth $267,000 after acquiring an additional 233 shares during the period. Finally, Norinchukin Bank The boosted its holdings in shares of Cooper Companies by 7.3% in the third quarter. Norinchukin Bank The now owns 3,638 shares of the medical device company’s stock worth $863,000 after acquiring an additional 248 shares during the period. 96.27% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the company. Cleveland Research lowered Cooper Companies from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Raymond James Financial reaffirmed a “buy” rating and issued a $265.00 price target on shares of Cooper Companies in a report on Monday, December 4th. Zacks Investment Research raised Cooper Companies from a “hold” rating to a “buy” rating and set a $257.00 price target for the company in a report on Tuesday, November 14th. Oppenheimer set a $250.00 price target on Cooper Companies and gave the stock a “hold” rating in a report on Friday, December 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $265.00 price target (down from $275.00) on shares of Cooper Companies in a report on Friday, December 8th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Cooper Companies has an average rating of “Hold” and an average price target of $259.70.
Shares of Cooper Companies Inc (NYSE COO) opened at $232.47 on Friday. The stock has a market capitalization of $11,395.91, a price-to-earnings ratio of 23.92, a P/E/G ratio of 1.87 and a beta of 0.57. Cooper Companies Inc has a 52 week low of $189.41 and a 52 week high of $256.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 2.41.
Cooper Companies (NYSE:COO) last posted its quarterly earnings data on Thursday, December 7th. The medical device company reported $2.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.64 by $0.01. The company had revenue of $561.50 million during the quarter, compared to analyst estimates of $558.86 million. Cooper Companies had a return on equity of 16.02% and a net margin of 17.43%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $2.28 earnings per share. equities analysts expect that Cooper Companies Inc will post 11.55 EPS for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which was paid on Friday, February 9th. Investors of record on Tuesday, January 23rd were paid a dividend of $0.03 per share. This represents a yield of 0.03%. The ex-dividend date of this dividend was Monday, January 22nd. Cooper Companies’s dividend payout ratio is 0.80%.
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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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