Empirical Finance LLC Purchases 5,364 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

Empirical Finance LLC boosted its position in The Cooper Companies, Inc. (NASDAQ:COO) by 314.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,071 shares of the medical device company’s stock after acquiring an additional 5,364 shares during the period. Empirical Finance LLC’s holdings in Cooper Companies were worth $717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Treasurer of the State of North Carolina raised its stake in shares of Cooper Companies by 0.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 22,861 shares of the medical device company’s stock worth $8,652,000 after purchasing an additional 212 shares during the last quarter. Hsbc Holdings PLC increased its position in Cooper Companies by 55.3% in the fourth quarter. Hsbc Holdings PLC now owns 87,718 shares of the medical device company’s stock worth $33,188,000 after buying an additional 31,234 shares during the last quarter. Whittier Trust Co. increased its position in Cooper Companies by 298.9% in the first quarter. Whittier Trust Co. now owns 11,940 shares of the medical device company’s stock worth $1,211,000 after buying an additional 8,947 shares during the last quarter. Gulf International Bank UK Ltd boosted its holdings in shares of Cooper Companies by 300.0% in the first quarter. Gulf International Bank UK Ltd now owns 17,148 shares of the medical device company’s stock worth $1,739,000 after acquiring an additional 12,861 shares during the period. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of Cooper Companies by 300.0% in the first quarter. Maryland State Retirement & Pension System now owns 14,836 shares of the medical device company’s stock worth $1,505,000 after acquiring an additional 11,127 shares during the period. 24.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on COO shares. Needham & Company LLC reiterated a “hold” rating on shares of Cooper Companies in a report on Friday, May 31st. Redburn Atlantic raised Cooper Companies from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Tuesday, March 19th. Citigroup upped their price objective on Cooper Companies from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Robert W. Baird upped their price objective on Cooper Companies from $116.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $115.00 price target on shares of Cooper Companies in a research note on Wednesday, July 3rd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Cooper Companies presently has a consensus rating of “Moderate Buy” and an average target price of $111.42.

Cooper Companies Stock Up 2.5 %

COO stock traded up $2.23 during trading on Friday, hitting $90.81. 1,607,682 shares of the company’s stock traded hands, compared to its average volume of 1,119,713. The firm has a market capitalization of $18.08 billion, a P/E ratio of 52.03, a PEG ratio of 2.12 and a beta of 0.98. The business has a fifty day simple moving average of $92.05 and a two-hundred day simple moving average of $94.45. The company has a quick ratio of 1.14, a current ratio of 1.95 and a debt-to-equity ratio of 0.34. The Cooper Companies, Inc. has a 1 year low of $75.93 and a 1 year high of $104.07.

Cooper Companies (NASDAQ:COO) last announced its earnings results on Thursday, May 30th. The medical device company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $942.60 million during the quarter, compared to the consensus estimate of $948.07 million. Cooper Companies had a net margin of 9.11% and a return on equity of 8.87%. Cooper Companies’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $0.77 earnings per share. Sell-side analysts anticipate that The Cooper Companies, Inc. will post 3.57 EPS for the current year.

About Cooper Companies

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.