Vontobel Holding Ltd. Grows Position in The Cooper Companies, Inc. (NASDAQ:COO)

Vontobel Holding Ltd. boosted its holdings in The Cooper Companies, Inc. (NASDAQ:COO) by 7.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,208 shares of the medical device company’s stock after buying an additional 377 shares during the quarter. Vontobel Holding Ltd.’s holdings in Cooper Companies were worth $575,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. LRI Investments LLC lifted its position in Cooper Companies by 4.5% during the second quarter. LRI Investments LLC now owns 2,595 shares of the medical device company’s stock valued at $227,000 after purchasing an additional 112 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Cooper Companies by 0.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 15,600 shares of the medical device company’s stock valued at $1,362,000 after buying an additional 118 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Cooper Companies by 4.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,709 shares of the medical device company’s stock worth $236,000 after buying an additional 125 shares during the last quarter. Fulton Bank N.A. grew its holdings in shares of Cooper Companies by 3.6% in the third quarter. Fulton Bank N.A. now owns 3,609 shares of the medical device company’s stock worth $398,000 after acquiring an additional 126 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Cooper Companies by 18.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 996 shares of the medical device company’s stock worth $87,000 after acquiring an additional 157 shares during the period. Institutional investors own 24.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on COO shares. Wells Fargo & Company raised their target price on Cooper Companies from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Piper Sandler increased their price objective on shares of Cooper Companies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Morgan Stanley boosted their target price on shares of Cooper Companies from $95.00 to $104.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Jefferies Financial Group upgraded shares of Cooper Companies from a “hold” rating to a “buy” rating and increased their price target for the stock from $107.00 to $115.00 in a research report on Tuesday, July 16th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $115.00 price objective (up previously from $110.00) on shares of Cooper Companies in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.00.

Insider Buying and Selling

In other Cooper Companies news, CEO Albert G. White III sold 114,992 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $110.53, for a total transaction of $12,710,065.76. Following the completion of the sale, the chief executive officer now directly owns 165,273 shares of the company’s stock, valued at $18,267,624.69. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Agostino Ricupati sold 1,601 shares of Cooper Companies stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $108.03, for a total value of $172,956.03. Following the sale, the chief accounting officer now directly owns 4,818 shares of the company’s stock, valued at approximately $520,488.54. The trade was a 0.00 % 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, CEO Albert G. White III sold 114,992 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $110.53, for a total value of $12,710,065.76. Following the transaction, the chief executive officer now directly owns 165,273 shares of the company’s stock, valued at approximately $18,267,624.69. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 256,373 shares of company stock valued at $27,637,427. Corporate insiders own 2.00% of the company’s stock.

Cooper Companies Stock Down 1.4 %

COO opened at $106.72 on Tuesday. The stock has a market cap of $21.25 billion, a price-to-earnings ratio of 62.78, a price-to-earnings-growth ratio of 2.56 and a beta of 0.98. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.18 and a current ratio of 1.99. The firm’s fifty day moving average is $104.28 and its 200 day moving average is $96.42. The Cooper Companies, Inc. has a fifty-two week low of $75.93 and a fifty-two week high of $112.38.

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, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $997.30 million. During the same period in the previous year, the business earned $0.84 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts forecast 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.