Mutual of America Capital Management LLC boosted its position in shares of The Cooper Companies, Inc. (NYSE:COO – Get Rating) by 1.0% in the first quarter, HoldingsChannel reports. The fund owned 6,572 shares of the medical device company’s stock after purchasing an additional 68 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Cooper Companies were worth $2,744,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of COO. Riverview Trust Co purchased a new stake in Cooper Companies during the first quarter valued at approximately $29,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Cooper Companies by 56.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 97 shares of the medical device company’s stock worth $41,000 after buying an additional 35 shares during the last quarter. Missouri Trust & Investment Co purchased a new position in shares of Cooper Companies in the fourth quarter worth $42,000. Covestor Ltd purchased a new position in shares of Cooper Companies in the fourth quarter worth $54,000. Finally, Fieldpoint Private Securities LLC raised its holdings in shares of Cooper Companies by 180.0% in the first quarter. Fieldpoint Private Securities LLC now owns 140 shares of the medical device company’s stock worth $58,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 98.38% of the company’s stock.
Analyst Ratings Changes
COO has been the subject of a number of research analyst reports. TheStreet cut shares of Cooper Companies from a “b-” rating to a “c+” rating in a report on Monday, July 18th. KeyCorp cut their price objective on shares of Cooper Companies from $414.00 to $408.00 and set an “overweight” rating on the stock in a research note on Friday, June 3rd. StockNews.com started coverage on shares of Cooper Companies in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Needham & Company LLC started coverage on shares of Cooper Companies in a research note on Friday, April 8th. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus cut their price objective on shares of Cooper Companies from $475.00 to $450.00 in a research note on Monday, June 6th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $426.78.
Cooper Companies Stock Up 2.5 %
COO stock opened at $318.56 on Thursday. The firm’s fifty day moving average is $321.16 and its 200 day moving average is $367.82. The Cooper Companies, Inc. has a one year low of $284.01 and a one year high of $463.59. The firm has a market cap of $15.72 billion, a PE ratio of 16.73, a P/E/G ratio of 2.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.69 and a current ratio of 1.05.
Cooper Companies (NYSE:COO – Get Rating) last announced its earnings results on Thursday, June 2nd. The medical device company reported $3.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($0.17). Cooper Companies had a net margin of 30.20% and a return on equity of 9.48%. The company had revenue of $829.80 million during the quarter, compared to analyst estimates of $821.03 million. During the same quarter last year, the business earned $3.38 EPS. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, research analysts forecast that The Cooper Companies, Inc. will post 13.17 EPS for the current year.
Cooper Companies Announces Dividend
The business also recently announced a semi-annual dividend, which will be paid on Thursday, August 11th. Stockholders of record on Wednesday, July 27th will be given a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, July 26th. Cooper Companies’s dividend payout ratio (DPR) is 0.32%.
About Cooper Companies
The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment offers spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, myopia, ocular dryness and eye fatigues in the Americas, Europe, Middle East, Africa, and Asia Pacific.
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