Taurus Asset Management LLC Boosts Stake in The Cooper Companies, Inc. (NASDAQ:COO)

Taurus Asset Management LLC boosted its holdings in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,700 shares of the medical device company’s stock after acquiring an additional 775 shares during the period. Cooper Companies accounts for approximately 2.0% of Taurus Asset Management LLC’s investment portfolio, making the stock its 22nd biggest position. Taurus Asset Management LLC owned about 0.09% of Cooper Companies worth $20,049,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of Cooper Companies in the second quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Cooper Companies in the 3rd quarter worth $25,000. Covestor Ltd raised its holdings in shares of Cooper Companies by 305.9% during the 1st quarter. Covestor Ltd now owns 276 shares of the medical device company’s stock worth $28,000 after acquiring an additional 208 shares during the period. Crewe Advisors LLC boosted its position in shares of Cooper Companies by 286.4% during the 2nd quarter. Crewe Advisors LLC now owns 340 shares of the medical device company’s stock valued at $30,000 after acquiring an additional 252 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its position in shares of Cooper Companies by 75.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 393 shares of the medical device company’s stock valued at $34,000 after acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

Wall Street Analyst Weigh In

COO has been the topic of a number of analyst reports. StockNews.com raised shares of Cooper Companies from a “hold” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Company upped their price objective on Cooper Companies from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Morgan Stanley lifted their target price on Cooper Companies from $95.00 to $104.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Needham & Company LLC reiterated a “hold” rating on shares of Cooper Companies in a report on Thursday, August 29th. Finally, Robert W. Baird boosted their price objective on shares of Cooper Companies from $118.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.00.

Insider Transactions at Cooper Companies

In other Cooper Companies news, CAO Agostino Ricupati sold 1,601 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $108.03, for a total transaction of $172,956.03. Following the transaction, the chief accounting officer now owns 4,818 shares of the company’s stock, valued at approximately $520,488.54. This trade represents a 24.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Daniel G. Mcbride sold 114,992 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $105.48, for a total value of $12,129,356.16. Following the completion of the sale, the chief operating officer now directly owns 44,696 shares of the company’s stock, valued at $4,714,534.08. The trade was a 72.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 256,373 shares of company stock valued at $27,637,427. Insiders own 2.00% of the company’s stock.

Cooper Companies Trading Down 0.2 %

NASDAQ:COO opened at $99.63 on Monday. The Cooper Companies, Inc. has a 12-month low of $82.21 and a 12-month high of $112.38. The firm has a market cap of $19.84 billion, a PE ratio of 55.50, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99. The company has a current ratio of 1.99, a quick ratio of 1.18 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of $106.83 and a 200 day moving average price of $98.06.

Cooper Companies (NASDAQ:COO) last announced its quarterly earnings data on Wednesday, August 28th. The medical device company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.05. Cooper Companies had a return on equity of 9.08% and a net margin of 9.45%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $997.30 million. During the same period in the previous year, the company posted $0.84 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts anticipate that The Cooper Companies, Inc. will post 3.65 earnings per share for the current fiscal year.

Cooper Companies Profile

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 provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.