Oppenheimer & Co. Inc. raised its stake in shares of Cooper Companies, Inc. (The) (NYSE:COO) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,469 shares of the medical device company’s stock after acquiring an additional 75 shares during the period. Oppenheimer & Co. Inc.’s holdings in Cooper Companies, Inc. (The) were worth $591,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Archford Capital Strategies LLC raised its stake in Cooper Companies, Inc. (The) by 116.7% during the 1st quarter. Archford Capital Strategies LLC now owns 674 shares of the medical device company’s stock valued at $135,000 after acquiring an additional 363 shares during the last quarter. Penserra Capital Management LLC raised its stake in Cooper Companies, Inc. (The) by 9.5% during the 1st quarter. Penserra Capital Management LLC now owns 782 shares of the medical device company’s stock valued at $156,000 after acquiring an additional 68 shares during the last quarter. Pacer Advisors Inc. raised its stake in Cooper Companies, Inc. (The) by 3.8% during the 1st quarter. Pacer Advisors Inc. now owns 848 shares of the medical device company’s stock valued at $170,000 after acquiring an additional 31 shares during the last quarter. Visionary Asset Management Inc. purchased a new stake in Cooper Companies, Inc. (The) during the 2nd quarter valued at approximately $201,000. Finally, Dai Ichi Life Insurance Company Ltd purchased a new stake in Cooper Companies, Inc. (The) during the 1st quarter valued at approximately $206,000. 95.92% of the stock is owned by hedge funds and other institutional investors.

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In related news, CEO Paul L. Remmell sold 9,294 shares of Cooper Companies, Inc. (The) stock in a transaction on Friday, July 14th. The shares were sold at an average price of $248.46, for a total value of $2,309,187.24. Following the completion of the sale, the chief executive officer now owns 6,186 shares of the company’s stock, valued at approximately $1,536,973.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Daniel G. Mcbride sold 6,000 shares of Cooper Companies, Inc. (The) stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $244.23, for a total transaction of $1,465,380.00. Following the completion of the sale, the chief operating officer now directly owns 34,395 shares of the company’s stock, valued at approximately $8,400,290.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,015 shares of company stock valued at $4,193,502. 1.60% of the stock is owned by company insiders.

Several analysts have commented on the company. KeyCorp reaffirmed a “sector weight” rating on shares of Cooper Companies, Inc. (The) in a research note on Friday, July 21st. J P Morgan Chase & Co reiterated a “hold” rating and set a $235.00 target price on shares of Cooper Companies, Inc. (The) in a research report on Tuesday. Stifel Nicolaus boosted their target price on Cooper Companies, Inc. (The) from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday. Oppenheimer Holdings, Inc. reiterated a “hold” rating and set a $250.00 target price on shares of Cooper Companies, Inc. (The) in a research report on Tuesday. Finally, Robert W. Baird reiterated a “buy” rating and set a $273.00 target price on shares of Cooper Companies, Inc. (The) in a research report on Tuesday. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Cooper Companies, Inc. (The) presently has a consensus rating of “Buy” and an average price target of $257.60.

Cooper Companies, Inc. (NYSE:COO) opened at 246.60 on Thursday. The stock has a market capitalization of $12.05 billion, a price-to-earnings ratio of 36.97 and a beta of 0.59. Cooper Companies, Inc. has a 52-week low of $158.73 and a 52-week high of $256.39. The firm has a 50-day moving average price of $245.39 and a 200 day moving average price of $223.93.

Cooper Companies, Inc. (The) (NYSE:COO) last released its quarterly earnings data on Thursday, August 31st. The medical device company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.06. Cooper Companies, Inc. (The) had a net margin of 16.45% and a return on equity of 16.00%. The business had revenue of $556.00 million during the quarter, compared to analyst estimates of $552.32 million. During the same quarter in the previous year, the business earned $2.30 EPS. Cooper Companies, Inc. (The)’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts predict that Cooper Companies, Inc. will post $9.72 EPS for the current year.

Cooper Companies, Inc. (The) 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.

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

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