Sun Life Financial INC grew its position in Cooper Companies, Inc. (The) (NYSE:COO) by 54,980.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,754 shares of the medical device company’s stock after acquiring an additional 2,749 shares during the period. Sun Life Financial INC’s holdings in Cooper Companies, Inc. (The) were worth $661,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Cooper Companies, Inc. (The) by 5.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 244,686 shares of the medical device company’s stock valued at $58,583,000 after acquiring an additional 13,004 shares in the last quarter. Scout Investments Inc. boosted its holdings in shares of Cooper Companies, Inc. (The) by 29.3% in the second quarter. Scout Investments Inc. now owns 116,320 shares of the medical device company’s stock valued at $27,849,000 after acquiring an additional 26,370 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of Cooper Companies, Inc. (The) by 18.4% in the second quarter. Keybank National Association OH now owns 8,631 shares of the medical device company’s stock valued at $2,066,000 after acquiring an additional 1,343 shares in the last quarter. Columbia Partners L L C Investment Management purchased a new stake in shares of Cooper Companies, Inc. (The) in the first quarter valued at about $253,000. Finally, Synovus Financial Corp boosted its holdings in shares of Cooper Companies, Inc. (The) by 11.3% in the second quarter. Synovus Financial Corp now owns 8,912 shares of the medical device company’s stock valued at $2,131,000 after acquiring an additional 905 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Cooper Companies, Inc. (NYSE COO) traded up 2.38% during mid-day trading on Friday, reaching $237.11. 484,079 shares of the company were exchanged. Cooper Companies, Inc. has a 12 month low of $158.73 and a 12 month high of $256.39. The stock has a market capitalization of $11.61 billion, a P/E ratio of 34.00 and a beta of 0.59. The company’s 50 day moving average price is $245.08 and its 200-day moving average price is $225.59.

Cooper Companies, Inc. (The) (NYSE:COO) last released its quarterly earnings data on Thursday, August 31st. The medical device company reported $2.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.58 by $0.06. Cooper Companies, Inc. (The) had a net margin of 16.45% and a return on equity of 16.00%. The business had revenue of $556.00 million for the quarter, compared to analysts’ expectations of $552.32 million. During the same quarter last year, the company earned $2.30 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts expect that Cooper Companies, Inc. will post $9.73 earnings per share for the current fiscal year.

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In related news, Director Gary S. Petersmeyer sold 3,977 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $244.94, for a total value of $974,126.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Paul L. Remmell sold 9,294 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $248.46, for a total transaction of $2,309,187.24. Following the completion of the transaction, the chief executive officer now owns 6,186 shares of the company’s stock, valued at approximately $1,536,973.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,892 shares of company stock worth $3,678,270. Corporate insiders own 1.60% of the company’s stock.

Several analysts have recently weighed in on COO shares. Zacks Investment Research downgraded shares of Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, September 18th. KeyCorp reaffirmed a “hold” rating on shares of Cooper Companies, Inc. (The) in a report on Monday, August 28th. Robert W. Baird reaffirmed a “buy” rating and issued a $267.00 target price (up previously from $251.00) on shares of Cooper Companies, Inc. (The) in a report on Sunday, September 3rd. BidaskClub downgraded shares of Cooper Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC set a $250.00 target price on shares of Cooper Companies, Inc. (The) and gave the company a “buy” rating in a report on Thursday, August 17th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $257.60.

About Cooper Companies, Inc. (The)

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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