Fox Run Management L.L.C. purchased a new stake in shares of Cooper Companies Inc (NYSE:COO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,746 shares of the medical device company’s stock, valued at approximately $598,000.

Other hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC lifted its stake in shares of Cooper Companies by 30.6% during the second quarter. Advisory Services Network LLC now owns 457 shares of the medical device company’s stock worth $109,000 after purchasing an additional 107 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in shares of Cooper Companies by 2.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 531 shares of the medical device company’s stock worth $126,000 after purchasing an additional 11 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Cooper Companies during the third quarter worth about $163,000. CAPROCK Group Inc. acquired a new position in shares of Cooper Companies during the fourth quarter worth about $222,000. Finally, Ballentine Partners LLC acquired a new position in shares of Cooper Companies during the third quarter worth about $223,000. 96.77% of the stock is owned by hedge funds and other institutional investors.

Cooper Companies Inc (NYSE COO) opened at $241.31 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 2.41 and a debt-to-equity ratio of 0.36. Cooper Companies Inc has a one year low of $179.41 and a one year high of $256.39. The company has a market capitalization of $11,790.00, a PE ratio of 32.09, a P/E/G ratio of 1.94 and a beta of 0.54.

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

The firm also recently declared a semiannual dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 23rd will be paid a $0.03 dividend. This represents a dividend yield of 0.03%. The ex-dividend date of this dividend is Monday, January 22nd. Cooper Companies’s dividend payout ratio (DPR) is 0.80%.

A number of research analysts have commented on COO shares. Zacks Investment Research upgraded Cooper Companies from a “hold” rating to a “buy” rating and set a $265.00 price objective on the stock in a research note on Tuesday, October 10th. BMO Capital Markets restated a “buy” rating and set a $272.00 price objective on shares of Cooper Companies in a research note on Friday, October 13th. Robert W. Baird set a $273.00 price objective on Cooper Companies and gave the stock a “buy” rating in a research note on Monday, October 16th. KeyCorp restated a “hold” rating on shares of Cooper Companies in a research note on Friday, October 20th. Finally, Raymond James Financial restated a “buy” rating and set a $265.00 price objective on shares of Cooper Companies in a research note on Monday, December 4th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $259.70.

In related news, Director Allan E. Rubenstein sold 6,450 shares of the business’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $228.79, for a total value of $1,475,695.50. Following the completion of the sale, the director now directly owns 8,628 shares of the company’s stock, valued at $1,974,000.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gary S. Petersmeyer sold 785 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $229.06, for a total value of $179,812.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,385 shares of company stock worth $12,289,463. Insiders own 1.60% of the company’s stock.

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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.

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

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