Principal Financial Group Inc. raised its stake in Cooper Companies, Inc. (The) (NYSE:COO) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,227 shares of the medical device company’s stock after acquiring an additional 2,078 shares during the quarter. Principal Financial Group Inc. owned about 0.16% of Cooper Companies, Inc. (The) worth $18,969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of COO. BlackRock Inc. increased its position in Cooper Companies, Inc. (The) by 2,849.1% in the 1st quarter. BlackRock Inc. now owns 3,071,637 shares of the medical device company’s stock valued at $613,991,000 after acquiring an additional 2,967,481 shares in the last quarter. Pioneer Investment Management Inc. increased its position in Cooper Companies, Inc. (The) by 136.6% in the 2nd quarter. Pioneer Investment Management Inc. now owns 1,226,250 shares of the medical device company’s stock valued at $293,589,000 after acquiring an additional 708,028 shares in the last quarter. Janus Capital Management LLC increased its position in Cooper Companies, Inc. (The) by 35.7% in the 1st quarter. Janus Capital Management LLC now owns 1,743,182 shares of the medical device company’s stock valued at $348,441,000 after acquiring an additional 458,173 shares in the last quarter. Findlay Park Partners LLP acquired a new stake in Cooper Companies, Inc. (The) in the 1st quarter valued at about $55,664,000. Finally, William Blair Investment Management LLC acquired a new stake in Cooper Companies, Inc. (The) in the 2nd quarter valued at about $65,037,000. Hedge funds and other institutional investors own 95.92% of the company’s stock.

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Shares of Cooper Companies, Inc. (NYSE COO) opened at 247.00 on Friday. The firm has a market cap of $12.07 billion, a PE ratio of 37.03 and a beta of 0.59. Cooper Companies, Inc. has a 12 month low of $158.73 and a 12 month high of $256.39. The stock’s 50 day moving average is $245.27 and its 200 day moving average is $224.26.

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

In related news, CEO Paul L. Remmell sold 9,294 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 6,186 shares in the company, valued at approximately $1,536,973.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gary S. Petersmeyer sold 3,977 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $244.94, for a total transaction of $974,126.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,992 shares of company stock valued at $5,167,628. 1.60% of the stock is owned by company insiders.

Several equities research analysts have weighed in on COO shares. BMO Capital Markets restated an “outperform” rating and issued a $255.00 price objective (up previously from $220.00) on shares of Cooper Companies, Inc. (The) in a research report on Monday, June 5th. Jefferies Group LLC restated a “buy” rating and issued a $250.00 price objective (up previously from $220.00) on shares of Cooper Companies, Inc. (The) in a research report on Saturday, June 3rd. Zacks Investment Research cut shares of Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Piper Jaffray Companies raised their price objective on shares of Cooper Companies, Inc. (The) from $265.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, September 1st. Finally, KeyCorp reiterated a “hold” rating on shares of Cooper Companies, Inc. (The) in a research report on Monday, August 28th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $257.60.

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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