Russell Investments Group Ltd. raised its position in shares of Cooper Companies Inc (NYSE:COO) by 46.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,652 shares of the medical device company’s stock after buying an additional 8,432 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of Cooper Companies worth $7,376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in COO. Bank of Montreal Can acquired a new stake in Cooper Companies during the second quarter valued at approximately $10,600,000. Nisa Investment Advisors LLC acquired a new stake in Cooper Companies during the second quarter valued at approximately $7,513,000. GWM Advisors LLC acquired a new stake in Cooper Companies during the second quarter valued at approximately $200,000. Sumitomo Life Insurance Co. raised its stake in Cooper Companies by 4.2% during the second quarter. Sumitomo Life Insurance Co. now owns 5,143 shares of the medical device company’s stock valued at $1,211,000 after buying an additional 206 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Cooper Companies by 6.2% during the second quarter. Janney Montgomery Scott LLC now owns 13,954 shares of the medical device company’s stock valued at $3,285,000 after buying an additional 818 shares in the last quarter. Hedge funds and other institutional investors own 99.84% of the company’s stock.

In other news, VP Randal Golden sold 1,731 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $275.86, for a total transaction of $477,513.66. Following the completion of the transaction, the vice president now directly owns 1,154 shares of the company’s stock, valued at $318,342.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert S. Weiss sold 58,543 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $252.82, for a total value of $14,800,841.26. Following the transaction, the director now directly owns 157,710 shares of the company’s stock, valued at $39,872,242.20. The disclosure for this sale can be found here. Insiders have sold 80,809 shares of company stock valued at $20,740,667 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

COO has been the topic of several research reports. BMO Capital Markets upped their price objective on Cooper Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, August 31st. Oppenheimer set a $270.00 price objective on Cooper Companies and gave the company a “hold” rating in a research note on Friday, August 31st. Zacks Investment Research raised Cooper Companies from a “hold” rating to a “buy” rating and set a $288.00 target price for the company in a report on Wednesday, August 8th. Raymond James upped their target price on Cooper Companies from $270.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, September 21st. Finally, ValuEngine raised Cooper Companies from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $276.22.

NYSE:COO opened at $256.80 on Tuesday. The company has a market cap of $13.02 billion, a PE ratio of 26.47, a P/E/G ratio of 2.01 and a beta of 0.75. Cooper Companies Inc has a 52 week low of $216.47 and a 52 week high of $280.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.58 and a quick ratio of 1.54.

Cooper Companies (NYSE:COO) last posted its earnings results on Thursday, August 30th. The medical device company reported $3.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.07 by ($0.07). The company had revenue of $660.00 million for the quarter, compared to the consensus estimate of $653.44 million. Cooper Companies had a net margin of 5.23% and a return on equity of 17.53%. Equities research analysts anticipate that Cooper Companies Inc will post 11.61 EPS for the current year.

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Cooper Companies Company Profile

The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.

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Institutional Ownership by Quarter for Cooper Companies (NYSE:COO)

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