Meiji Yasuda Life Insurance Co Purchases Shares of 1,060 Cooper Companies, Inc. (The) (NYSE:COO)

Meiji Yasuda Life Insurance Co acquired a new position in Cooper Companies, Inc. (The) (NYSE:COO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,060 shares of the medical device company’s stock, valued at approximately $254,000.

Several other institutional investors have also recently modified their holdings of COO. BlackRock Inc. grew its position in shares of Cooper Companies, Inc. (The) by 2,849.1% in the 1st quarter. BlackRock Inc. now owns 3,071,637 shares of the medical device company’s stock worth $613,991,000 after buying an additional 2,967,481 shares during the last quarter. Pioneer Investment Management Inc. grew its position in shares of Cooper Companies, Inc. (The) by 136.6% in the 2nd quarter. Pioneer Investment Management Inc. now owns 1,226,250 shares of the medical device company’s stock worth $293,589,000 after buying an additional 708,028 shares during the last quarter. Janus Capital Management LLC grew its position in shares of Cooper Companies, Inc. (The) by 35.7% in the 1st quarter. Janus Capital Management LLC now owns 1,743,182 shares of the medical device company’s stock worth $348,441,000 after buying an additional 458,173 shares during the last quarter. Findlay Park Partners LLP purchased a new position in shares of Cooper Companies, Inc. (The) in the 1st quarter worth approximately $55,664,000. Finally, William Blair Investment Management LLC purchased a new position in shares of Cooper Companies, Inc. (The) in the 2nd quarter worth approximately $65,037,000. 95.92% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on the stock. Oppenheimer Holdings, Inc. set a $225.00 target price on shares of Cooper Companies, Inc. (The) and gave the stock a “hold” rating in a research note on Saturday, June 3rd. Guggenheim assumed coverage on shares of Cooper Companies, Inc. (The) in a research note on Thursday, June 29th. They issued a “neutral” rating for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Cooper Companies, Inc. (The) in a research note on Thursday, July 6th. J P Morgan Chase & Co restated a “hold” rating and set a $235.00 price objective on shares of Cooper Companies, Inc. (The) in a research note on Tuesday. Finally, Robert W. Baird lifted their price objective on shares of Cooper Companies, Inc. (The) from $239.00 to $251.00 and gave the company an “outperform” rating in a research note on Thursday, July 6th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $257.60.

In related news, VP Randal Golden sold 1,621 shares of the stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $243.65, for a total transaction of $394,956.65. Following the completion of the sale, the vice president now directly owns 1,731 shares of the company’s stock, valued at $421,758.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Daniel G. Mcbride sold 6,000 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $244.23, for a total value of $1,465,380.00. Following the sale, the chief operating officer now directly owns 34,395 shares of the company’s stock, valued at $8,400,290.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,992 shares of company stock valued at $5,167,628. Corporate insiders own 1.60% of the company’s stock.

Cooper Companies, Inc. (NYSE COO) traded up 0.06% during trading on Friday, hitting $247.18. 116,436 shares of the company traded hands. The company’s 50-day moving average is $245.27 and its 200 day moving average is $224.26. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 37.06 and a beta of 0.59. Cooper Companies, Inc. has a 52-week low of $158.73 and a 52-week high of $256.39.

Cooper Companies, Inc. (The) (NYSE:COO) last issued its quarterly earnings results on Thursday, August 31st. The medical device company reported $2.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.06. Cooper Companies, Inc. (The) had a return on equity of 16.00% and a net margin of 16.45%. The firm had revenue of $556.00 million during the quarter, compared to the consensus estimate of $552.32 million. During the same period last year, the company earned $2.30 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities analysts anticipate that Cooper Companies, Inc. will post $9.72 earnings per share for the current year.

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Cooper Companies, Inc. (The) Company Profile

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.

Institutional Ownership by Quarter for Cooper Companies, Inc. (The) (NYSE:COO)

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