Argent Trust Co Increases Stake in Cooper Companies Inc (COO)

Argent Trust Co raised its position in Cooper Companies Inc (NYSE:COO) by 1.0% during the first quarter, Holdings Channel reports. The firm owned 4,096 shares of the medical device company’s stock after buying an additional 39 shares during the period. Argent Trust Co’s holdings in Cooper Companies were worth $819,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Cooper Companies by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,794 shares of the medical device company’s stock worth $489,000 after buying an additional 10 shares during the period. Genesee Valley Trust Co. boosted its position in shares of Cooper Companies by 1.1% in the first quarter. Genesee Valley Trust Co. now owns 1,957 shares of the medical device company’s stock worth $391,000 after buying an additional 21 shares during the period. Glen Harbor Capital Management LLC boosted its position in shares of Cooper Companies by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,344 shares of the medical device company’s stock worth $269,000 after buying an additional 32 shares during the period. First Bank & Trust boosted its position in shares of Cooper Companies by 3.6% in the first quarter. First Bank & Trust now owns 1,056 shares of the medical device company’s stock worth $211,000 after buying an additional 37 shares during the period. Finally, Tyers Asset Management LLC boosted its position in shares of Cooper Companies by 2.4% in the first quarter. Tyers Asset Management LLC now owns 1,848 shares of the medical device company’s stock worth $369,000 after buying an additional 44 shares during the period. 97.44% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Cooper Companies (NYSE:COO)

Cooper Companies Inc (NYSE:COO) traded up 1.06% during mid-day trading on Friday, reaching $212.62. 1,103,870 shares of the company’s stock traded hands. Cooper Companies Inc has a 52-week low of $156.70 and a 52-week high of $213.23. The company has a 50-day moving average of $201.80 and a 200-day moving average of $187.52. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 35.04 and a beta of 0.56.

Cooper Companies (NYSE:COO) last issued its quarterly earnings results on Thursday, March 2nd. The medical device company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. The company had revenue of $499.10 million during the quarter, compared to analyst estimates of $501.59 million. Cooper Companies had a net margin of 13.93% and a return on equity of 15.38%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.83 EPS. Equities research analysts expect that Cooper Companies Inc will post $9.26 EPS for the current year.

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COO has been the subject of several recent analyst reports. Oppenheimer Holdings Inc. set a $203.00 target price on shares of Cooper Companies and gave the stock a “hold” rating in a research note on Saturday, March 4th. Zacks Investment Research raised shares of Cooper Companies from a “hold” rating to a “buy” rating and set a $226.00 target price for the company in a research note on Wednesday, May 3rd. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $220.00 target price on shares of Cooper Companies in a research note on Thursday, April 6th. BMO Capital Markets reaffirmed a “buy” rating on shares of Cooper Companies in a research note on Friday, March 3rd. Finally, Jefferies Group LLC lifted their target price on shares of Cooper Companies from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, March 3rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $213.00.

In other news, Director A Thomas Bender sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $200.94, for a total value of $301,410.00. Following the completion of the sale, the director now directly owns 11,478 shares of the company’s stock, valued at approximately $2,306,389.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jody S. Lindell sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $193.84, for a total transaction of $969,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,698 shares of company stock valued at $4,461,175. Company insiders own 1.60% of the company’s stock.

About Cooper Companies

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

5 Day Chart for NYSE:COO

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