Retirement Systems of Alabama trimmed its holdings in Cooper Companies, Inc. (The) (NYSE:COO) by 8.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,331 shares of the medical device company’s stock after selling 3,035 shares during the quarter. Retirement Systems of Alabama owned 0.07% of Cooper Companies, Inc. (The) worth $7,903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of COO. Advisory Services Network LLC lifted its stake in Cooper Companies, Inc. (The) by 30.6% during the second quarter. Advisory Services Network LLC now owns 457 shares of the medical device company’s stock valued at $109,000 after buying an additional 107 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in Cooper Companies, Inc. (The) by 2.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 531 shares of the medical device company’s stock valued at $126,000 after buying an additional 11 shares in the last quarter. Acrospire Investment Management LLC lifted its stake in Cooper Companies, Inc. (The) by 50.0% during the second quarter. Acrospire Investment Management LLC now owns 600 shares of the medical device company’s stock valued at $144,000 after buying an additional 200 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Cooper Companies, Inc. (The) during the third quarter valued at about $163,000. Finally, Penserra Capital Management LLC lifted its stake in Cooper Companies, Inc. (The) by 13.0% during the second quarter. Penserra Capital Management LLC now owns 884 shares of the medical device company’s stock valued at $211,000 after buying an additional 102 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

Cooper Companies, Inc. (NYSE:COO) opened at $238.65 on Friday. The firm has a market capitalization of $11,681.68, a PE ratio of 25.52, a PEG ratio of 2.05 and a beta of 0.55. Cooper Companies, Inc. has a twelve month low of $158.73 and a twelve month high of $256.39. The company has a quick ratio of 1.29, a current ratio of 2.51 and a debt-to-equity ratio of 0.38.

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

A number of analysts have commented on the stock. Stifel Nicolaus upped their price objective on shares of Cooper Companies, Inc. (The) from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Tuesday, September 12th. J P Morgan Chase & Co reaffirmed a “hold” rating and set a $235.00 price objective on shares of Cooper Companies, Inc. (The) in a research note 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, Inc. (The) in a research note on Tuesday, September 12th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating and set a $250.00 price objective on shares of Cooper Companies, Inc. (The) in a research note on Tuesday, September 12th. Finally, Stephens reaffirmed an “equal weight” rating and set a $250.00 price objective (up from $235.00) on shares of Cooper Companies, Inc. (The) in a research note on Tuesday, September 12th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $260.22.

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In related news, Director Gary S. Petersmeyer sold 3,977 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $244.94, for a total value of $974,126.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

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.

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

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