Texas Permanent School Fund Corp Purchases 30,860 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

Texas Permanent School Fund Corp increased its position in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 301.8% during the first quarter, HoldingsChannel.com reports. The fund owned 41,086 shares of the medical device company’s stock after acquiring an additional 30,860 shares during the period. Texas Permanent School Fund Corp’s holdings in Cooper Companies were worth $4,169,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Cooper Companies by 248.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the medical device company’s stock worth $25,000 after buying an additional 174 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Cooper Companies by 358.6% in the 1st quarter. Global Retirement Partners LLC now owns 321 shares of the medical device company’s stock worth $33,000 after buying an additional 251 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Cooper Companies by 54.8% in the 4th quarter. Blue Trust Inc. now owns 96 shares of the medical device company’s stock worth $36,000 after buying an additional 34 shares during the last quarter. Byrne Asset Management LLC increased its holdings in shares of Cooper Companies by 300.0% in the 1st quarter. Byrne Asset Management LLC now owns 360 shares of the medical device company’s stock worth $37,000 after buying an additional 270 shares during the last quarter. Finally, Mather Group LLC. bought a new position in shares of Cooper Companies in the 1st quarter worth $41,000. Institutional investors own 24.39% of the company’s stock.

Cooper Companies Trading Up 2.5 %

Shares of COO opened at $90.81 on Friday. The stock has a market capitalization of $18.08 billion, a P/E ratio of 53.34, a PEG ratio of 2.20 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.95 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $92.06 and a two-hundred day simple moving average of $94.44. The Cooper Companies, Inc. has a twelve month low of $75.93 and a twelve month high of $104.07.

Cooper Companies (NASDAQ:COO) last announced its quarterly earnings results on Thursday, May 30th. The medical device company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The business had revenue of $942.60 million during the quarter, compared to analysts’ expectations of $948.07 million. Cooper Companies had a net margin of 9.11% and a return on equity of 8.87%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.77 EPS. On average, research analysts anticipate that The Cooper Companies, Inc. will post 3.57 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on COO shares. Needham & Company LLC reissued a “hold” rating on shares of Cooper Companies in a report on Friday, May 31st. Robert W. Baird upped their price objective on shares of Cooper Companies from $116.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Citigroup upped their price objective on shares of Cooper Companies from $108.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $115.00 price objective on shares of Cooper Companies in a research note on Wednesday, July 3rd. Finally, Redburn Atlantic raised shares of Cooper Companies from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Tuesday, March 19th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.42.

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 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.