Dupont Capital Management Corp lowered its position in Cooper Companies Inc (NYSE:COO) by 25.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 844 shares of the medical device company’s stock after selling 281 shares during the quarter. Dupont Capital Management Corp’s holdings in Cooper Companies were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of COO. Massachusetts Financial Services Co. MA boosted its stake in shares of Cooper Companies by 11.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,054,418 shares of the medical device company’s stock valued at $719,163,000 after purchasing an additional 323,559 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Cooper Companies by 23.8% during the second quarter. Janus Henderson Group PLC now owns 2,618,690 shares of the medical device company’s stock valued at $616,595,000 after purchasing an additional 502,783 shares during the period. Frontier Capital Management Co. LLC boosted its stake in shares of Cooper Companies by 13.5% during the third quarter. Frontier Capital Management Co. LLC now owns 937,389 shares of the medical device company’s stock valued at $259,797,000 after purchasing an additional 111,828 shares during the period. Bessemer Group Inc. boosted its stake in shares of Cooper Companies by 17.8% during the second quarter. Bessemer Group Inc. now owns 755,727 shares of the medical device company’s stock valued at $177,935,000 after purchasing an additional 113,964 shares during the period. Finally, WCM Investment Management CA boosted its stake in shares of Cooper Companies by 5.2% during the third quarter. WCM Investment Management CA now owns 496,041 shares of the medical device company’s stock valued at $137,478,000 after purchasing an additional 24,316 shares during the period. 99.84% of the stock is owned by institutional investors and hedge funds.

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

Cooper Companies stock opened at $265.92 on Thursday. The firm has a market cap of $12.82 billion, a P/E ratio of 27.41, a price-to-earnings-growth ratio of 1.99 and a beta of 0.75. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.54 and a current ratio of 2.58. Cooper Companies Inc has a one year low of $216.47 and a one year high of $280.10.

Cooper Companies (NYSE:COO) last released its quarterly earnings data on Thursday, August 30th. The medical device company reported $3.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.07). The firm had revenue of $660.00 million during the quarter, compared to the consensus estimate of $653.44 million. Cooper Companies had a return on equity of 17.53% and a net margin of 5.23%. As a group, equities analysts anticipate that Cooper Companies Inc will post 11.61 EPS for the current fiscal year.

A number of analysts have recently weighed in on COO shares. BMO Capital Markets increased 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 target price on Cooper Companies and gave the company a “hold” rating in a report on Friday, August 31st. Zacks Investment Research upgraded Cooper Companies from a “hold” rating to a “buy” rating and set a $288.00 price objective for the company in a report on Wednesday, August 8th. Raymond James increased their target price on Cooper Companies from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, September 21st. Finally, ValuEngine raised Cooper Companies from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $276.22.

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About Cooper Companies

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.

Read More: Return on Investment (ROI)

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

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