Retirement Systems of Alabama increased its position in shares of Cooper Companies, Inc. (The) (NYSE:COO) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 36,366 shares of the medical device company’s stock after buying an additional 35 shares during the period. Retirement Systems of Alabama’s holdings in Cooper Companies, Inc. (The) were worth $8,707,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Korea Investment CORP acquired a new stake in Cooper Companies, Inc. (The) during the first quarter worth $1,739,000. Mn Services Vermogensbeheer B.V. increased its stake in Cooper Companies, Inc. (The) by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,295 shares of the medical device company’s stock worth $242,000 after buying an additional 55 shares during the period. Candriam Luxembourg S.C.A. acquired a new stake in Cooper Companies, Inc. (The) during the first quarter worth $6,681,000. Hermes Investment Management Ltd. increased its stake in Cooper Companies, Inc. (The) by 4.6% in the first quarter. Hermes Investment Management Ltd. now owns 441,562 shares of the medical device company’s stock worth $88,264,000 after buying an additional 19,227 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in Cooper Companies, Inc. (The) by 266.9% in the first quarter. State of Alaska Department of Revenue now owns 6,146 shares of the medical device company’s stock worth $1,227,000 after buying an additional 4,471 shares during the period. Institutional investors own 99.97% of the company’s stock.

Cooper Companies, Inc. (NYSE COO) opened at 240.92 on Friday. The stock has a market capitalization of $11.77 billion, a PE ratio of 36.12 and a beta of 0.61. Cooper Companies, Inc. has a 1-year low of $158.73 and a 1-year high of $256.39. The company’s 50 day moving average is $245.14 and its 200-day moving average is $214.89.

Cooper Companies, Inc. (The) (NYSE:COO) last announced its quarterly earnings results on Thursday, June 1st. The medical device company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.25. Cooper Companies, Inc. (The) had a net margin of 16.02% and a return on equity of 15.88%. The business had revenue of $522.40 million during the quarter, compared to analysts’ expectations of $520.71 million. During the same period last year, the business earned $2.05 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts forecast that Cooper Companies, Inc. will post $9.63 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which was paid on Monday, August 7th. Shareholders of record on Friday, July 21st were given a dividend of $0.03 per share. This represents a dividend yield of 0.02%. The ex-dividend date was Wednesday, July 19th. Cooper Companies, Inc. (The)’s dividend payout ratio is presently 0.90%.

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A number of research firms have recently weighed in on COO. KeyCorp restated a “sector weight” rating on shares of Cooper Companies, Inc. (The) in a report on Friday, July 21st. Piper Jaffray Companies boosted their target price on shares of Cooper Companies, Inc. (The) to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 19th. BidaskClub downgraded shares of Cooper Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. BMO Capital Markets restated a “buy” rating and issued a $255.00 target price on shares of Cooper Companies, Inc. (The) in a report on Thursday, July 13th. Finally, Zacks Investment Research upgraded shares of Cooper Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $274.00 target price on the stock in a report on Friday, June 23rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $242.00.

In other Cooper Companies, Inc. (The) news, EVP Carol R. Kaufman sold 44,092 shares of Cooper Companies, Inc. (The) stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $242.81, for a total transaction of $10,705,978.52. Following the completion of the sale, the executive vice president now directly owns 60,419 shares in the company, valued at $14,670,337.39. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Paul L. Remmell sold 9,294 shares of Cooper Companies, Inc. (The) stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $248.46, for a total transaction of $2,309,187.24. Following the sale, the chief executive officer now owns 6,186 shares of the company’s stock, valued at $1,536,973.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,331 shares of company stock valued at $16,400,454. Company insiders own 1.60% of the company’s stock.

About Cooper Companies, Inc. (The)

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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Institutional Ownership by Quarter for Cooper Companies, Inc. (The) (NYSE:COO)

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