Select Equity Group L.P. Grows Stock Holdings in The Cooper Companies, Inc. $COO

Key Points

• Select Equity Group L.P. increased its stake in The Cooper Companies by 185.0%, now owning approximately 0.37% of the company, valued at $63.2 million.
• The stock has received mixed analysts' ratings, with a consensus target price of $86.64, indicating a potential for modest growth despite variability in individual analyst price targets.
• Insider purchases have occurred, including a recent acquisition of 3,000 shares by COO Daniel G. Mcbride and 10,000 shares by CEO Albert G. White III, suggesting confidence in the company's future performance.

Select Equity Group L.P. grew its holdings in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 185.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 749,050 shares of the medical device company's stock after purchasing an additional 486,241 shares during the period. Select Equity Group L.P. owned about 0.37% of Cooper Companies worth $63,182,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new stake in Cooper Companies during the 1st quarter worth approximately $33,000. City Holding Co. acquired a new stake in Cooper Companies during the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. acquired a new stake in Cooper Companies during the 1st quarter worth approximately $40,000. Larson Financial Group LLC lifted its holdings in Cooper Companies by 1,071.0% during the 1st quarter. Larson Financial Group LLC now owns 726 shares of the medical device company's stock worth $61,000 after buying an additional 664 shares in the last quarter. Finally, HM Payson & Co. lifted its holdings in Cooper Companies by 147.4% during the 1st quarter. HM Payson & Co. now owns 893 shares of the medical device company's stock worth $75,000 after buying an additional 532 shares in the last quarter. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

Cooper Companies Stock Performance

NASDAQ COO traded down $1.96 during trading hours on Friday, hitting $66.50. The company had a trading volume of 1,292,721 shares, compared to its average volume of 2,293,948. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.24 and a current ratio of 2.12. The Cooper Companies, Inc. has a 1-year low of $61.78 and a 1-year high of $112.38. The company has a market cap of $13.22 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The business has a 50 day moving average of $71.66 and a 200-day moving average of $76.16.

Cooper Companies (NASDAQ:COO - Get Free Report) last posted its earnings results on Wednesday, August 27th. The medical device company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.03. Cooper Companies had a return on equity of 9.82% and a net margin of 10.08%.The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned $0.96 EPS. The business's quarterly revenue was up 5.7% on a year-over-year basis. Cooper Companies has set its Q4 2025 guidance at 1.100-1.140 EPS. FY 2025 guidance at 4.080-4.120 EPS. As a group, equities research analysts expect that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Insider Transactions at Cooper Companies

In other news, COO Gerard H. Warner III bought 1,450 shares of Cooper Companies stock in a transaction dated Friday, September 5th. The stock was acquired at an average cost of $69.23 per share, with a total value of $100,383.50. Following the acquisition, the chief operating officer owned 18,319 shares of the company's stock, valued at approximately $1,268,224.37. This trade represents a 8.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Albert G. White III bought 10,000 shares of Cooper Companies stock in a transaction dated Friday, September 5th. The stock was purchased at an average cost of $68.39 per share, with a total value of $683,900.00. Following the completion of the acquisition, the chief executive officer directly owned 226,151 shares in the company, valued at approximately $15,466,466.89. The trade was a 4.63% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 15,975 shares of company stock valued at $1,079,566 over the last quarter. Company insiders own 1.98% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on COO shares. Robert W. Baird decreased their price objective on Cooper Companies from $97.00 to $85.00 and set an "outperform" rating for the company in a research note on Thursday, August 28th. JPMorgan Chase & Co. decreased their price objective on Cooper Companies from $76.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th. Wells Fargo & Company decreased their price objective on Cooper Companies from $93.00 to $72.00 and set an "overweight" rating for the company in a research note on Thursday, August 28th. BNP Paribas upgraded Cooper Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen cut Cooper Companies from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Cooper Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.64.

Cooper Companies Company Profile

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.