Certuity LLC Invests $2.41 Million in The Cooper Companies, Inc. (NASDAQ:COO)

Certuity LLC purchased a new stake in shares of The Cooper Companies, Inc. (NASDAQ:COO) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 27,582 shares of the medical device company’s stock, valued at approximately $2,408,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new stake in Cooper Companies in the fourth quarter worth about $522,000. Lincoln National Corp grew its stake in shares of Cooper Companies by 13.9% in the 4th quarter. Lincoln National Corp now owns 768 shares of the medical device company’s stock worth $291,000 after buying an additional 94 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Cooper Companies by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 292,899 shares of the medical device company’s stock valued at $110,845,000 after buying an additional 9,669 shares in the last quarter. Principal Securities Inc. purchased a new position in Cooper Companies during the fourth quarter valued at $149,000. Finally, Versor Investments LP bought a new stake in Cooper Companies in the fourth quarter worth $256,000. 24.39% of the stock is owned by hedge funds and other institutional investors.

Cooper Companies Stock Up 0.1 %

Cooper Companies stock opened at $106.59 on Friday. The stock has a market cap of $21.22 billion, a PE ratio of 62.70, a price-to-earnings-growth ratio of 2.56 and a beta of 0.98. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.14 and a current ratio of 1.99. The stock has a fifty day moving average of $93.30 and a 200 day moving average of $94.64. The Cooper Companies, Inc. has a one year low of $75.93 and a one year high of $107.82.

Cooper Companies (NASDAQ:COO) last issued its quarterly earnings data on Wednesday, August 28th. The medical device company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.05. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $997.30 million. Cooper Companies had a net margin of 9.45% and a return on equity of 9.08%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 EPS. As a group, sell-side analysts predict that The Cooper Companies, Inc. will post 3.66 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on COO. Stifel Nicolaus reaffirmed a “buy” rating and issued a $115.00 price target (up previously from $110.00) on shares of Cooper Companies in a research report on Thursday, August 29th. Robert W. Baird lifted their target price on shares of Cooper Companies from $118.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Needham & Company LLC reiterated a “hold” rating on shares of Cooper Companies in a report on Thursday, August 29th. Piper Sandler raised their price target on shares of Cooper Companies from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Finally, Wells Fargo & Company upped their price objective on Cooper Companies from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Cooper Companies has a consensus rating of “Moderate Buy” and an average target price of $113.61.

Insiders Place Their Bets

In related news, CFO Brian G. Andrews sold 24,788 shares of Cooper Companies stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $105.90, for a total transaction of $2,625,049.20. Following the transaction, the chief financial officer now directly owns 6,614 shares in the company, valued at $700,422.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Cooper Companies news, CFO Brian G. Andrews sold 24,788 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $105.90, for a total value of $2,625,049.20. Following the completion of the sale, the chief financial officer now owns 6,614 shares in the company, valued at $700,422.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Daniel G. Mcbride sold 114,992 shares of Cooper Companies stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $105.48, for a total value of $12,129,356.16. Following the transaction, the chief operating officer now directly owns 44,696 shares in the company, valued at $4,714,534.08. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

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.