California State Teachers Retirement System Sells 7,640 Shares of The Cooper Companies, Inc. $COO

California State Teachers Retirement System reduced its holdings in The Cooper Companies, Inc. (NASDAQ:COO) by 2.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 313,784 shares of the medical device company’s stock after selling 7,640 shares during the quarter. California State Teachers Retirement System’s holdings in Cooper Companies were worth $22,436,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC boosted its stake in shares of Cooper Companies by 104.5% during the 4th quarter. Root Financial Partners LLC now owns 317 shares of the medical device company’s stock worth $26,000 after buying an additional 162 shares during the last quarter. SJS Investment Consulting Inc. increased its position in shares of Cooper Companies by 107.5% in the first quarter. SJS Investment Consulting Inc. now owns 361 shares of the medical device company’s stock valued at $26,000 after acquiring an additional 187 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Cooper Companies in the second quarter valued at about $36,000. Cromwell Holdings LLC raised its holdings in Cooper Companies by 128.8% during the fourth quarter. Cromwell Holdings LLC now owns 485 shares of the medical device company’s stock worth $40,000 after acquiring an additional 273 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Cooper Companies during the second quarter worth about $42,000. 24.39% of the stock is owned by institutional investors.

Cooper Companies Trading Down 0.5%

Cooper Companies stock opened at $72.32 on Friday. The stock has a 50-day simple moving average of $68.36 and a 200 day simple moving average of $71.79. The stock has a market capitalization of $14.10 billion, a P/E ratio of 61.29, a PEG ratio of 1.89 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.78 and a current ratio of 1.27. The Cooper Companies, Inc. has a 52 week low of $58.89 and a 52 week high of $89.83.

Cooper Companies (NASDAQ:COO) last released its quarterly earnings data on Thursday, June 4th. The medical device company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Cooper Companies had a return on equity of 10.88% and a net margin of 5.57%.The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 earnings per share. Cooper Companies has set its FY 2026 guidance at 4.580-4.660 EPS. Analysts expect that The Cooper Companies, Inc. will post 4.63 earnings per share for the current year.

Analyst Ratings Changes

COO has been the subject of several recent research reports. Mizuho set a $85.00 price target on Cooper Companies and gave the company an “outperform” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. lowered their price target on Cooper Companies from $80.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Robert W. Baird dropped their price objective on Cooper Companies from $98.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Wells Fargo & Company reissued a “sell” rating and issued a $66.00 price objective (down from $82.00) on shares of Cooper Companies in a report on Friday, June 5th. Finally, Piper Sandler set a $86.00 target price on shares of Cooper Companies and gave the company an “overweight” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Cooper Companies has a consensus rating of “Hold” and a consensus target price of $81.36.

Cooper Companies Company Profile

Cooper Companies, Inc (NASDAQ: COO) is a global medical device company headquartered in San Ramon, California. Founded in 1958, the company has grown through strategic acquisitions and organic development to become a major provider of vision care and women’s health products. Cooper Companies operates through two primary business segments—CooperVision and CooperSurgical—each serving specialized markets within the healthcare industry.

The CooperVision segment develops, manufactures and markets a broad range of soft contact lenses, as well as related accessories.