Municipal Employees Retirement System of Michigan reduced its position in Cooper Companies Inc (NYSE:COO) by 18.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,260 shares of the medical device company’s stock after selling 290 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Cooper Companies were worth $299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COO. Great West Life Assurance Co. Can boosted its stake in shares of Cooper Companies by 3.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 28,335 shares of the medical device company’s stock valued at $6,779,000 after buying an additional 857 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Cooper Companies by 74.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,350 shares of the medical device company’s stock valued at $563,000 after buying an additional 1,000 shares during the period. Korea Investment CORP boosted its stake in shares of Cooper Companies by 58.7% in the 2nd quarter. Korea Investment CORP now owns 13,809 shares of the medical device company’s stock valued at $3,306,000 after buying an additional 5,109 shares during the period. Global X Management Co. LLC boosted its stake in shares of Cooper Companies by 4.2% in the 2nd quarter. Global X Management Co. LLC now owns 2,346 shares of the medical device company’s stock valued at $562,000 after buying an additional 94 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Cooper Companies by 5.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 244,686 shares of the medical device company’s stock valued at $58,583,000 after buying an additional 13,004 shares during the period. 96.79% of the stock is owned by institutional investors.

COO has been the subject of several recent research reports. Zacks Investment Research cut Cooper Companies from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Jefferies Group set a $250.00 price objective on Cooper Companies and gave the company a “buy” rating in a research note on Thursday, August 17th. Cleveland Research reiterated a “buy” rating on shares of Cooper Companies in a research note on Tuesday, August 22nd. Robert W. Baird reiterated a “buy” rating and issued a $251.00 price objective on shares of Cooper Companies in a research note on Thursday, August 24th. Finally, KeyCorp reiterated a “hold” rating on shares of Cooper Companies in a research note on Monday, August 28th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Cooper Companies has an average rating of “Buy” and an average price target of $259.70.

In related news, Director Gary S. Petersmeyer sold 3,977 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $244.94, for a total transaction of $974,126.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by insiders.

Shares of Cooper Companies Inc (COO) opened at $226.56 on Monday. The firm has a market capitalization of $11,089.94, a P/E ratio of 23.31, a P/E/G ratio of 1.83 and a beta of 0.54. Cooper Companies Inc has a 52 week low of $168.00 and a 52 week high of $256.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 2.41.

Cooper Companies (NYSE:COO) last posted its earnings results on Thursday, December 7th. The medical device company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.01. The firm had revenue of $561.50 million during the quarter, compared to analysts’ expectations of $558.86 million. Cooper Companies had a return on equity of 16.02% and a net margin of 17.43%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 earnings per share. analysts forecast that Cooper Companies Inc will post 11.54 EPS for the current year.

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Cooper Companies 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 (NYSE:COO)

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