The Cooper Companies, Inc. $COO Stake Lifted by Woodline Partners LP

Key Points

• Woodline Partners LP increased its stake in The Cooper Companies, Inc. by 0.9%, now owning approximately 0.28% of the company valued at $47.86 million.
• The Cooper Companies reported $1.10 EPS for the last quarter, surpassing estimates, with a year-over-year revenue growth of 5.7%.
• Analyst ratings for Cooper Companies show a mix of opinions, with a current average target price of $86.64 and most analysts assigning a "Moderate Buy" rating.

Woodline Partners LP raised its stake in The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 0.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 567,402 shares of the medical device company's stock after buying an additional 4,902 shares during the quarter. Woodline Partners LP owned approximately 0.28% of Cooper Companies worth $47,860,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Cooper Companies by 15.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,189 shares of the medical device company's stock valued at $2,194,000 after purchasing an additional 3,440 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Cooper Companies by 13.4% during the first quarter. DAVENPORT & Co LLC now owns 4,335 shares of the medical device company's stock valued at $366,000 after buying an additional 513 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Cooper Companies by 6.6% during the first quarter. Cerity Partners LLC now owns 17,113 shares of the medical device company's stock worth $1,443,000 after buying an additional 1,054 shares during the period. State of Alaska Department of Revenue grew its holdings in Cooper Companies by 3.0% in the 1st quarter. State of Alaska Department of Revenue now owns 23,390 shares of the medical device company's stock worth $1,972,000 after buying an additional 680 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in Cooper Companies by 1.3% in the 4th quarter. Cetera Investment Advisers now owns 24,049 shares of the medical device company's stock valued at $2,211,000 after acquiring an additional 312 shares during the period. Institutional investors own 24.39% of the company's stock.

Cooper Companies Price Performance

Shares of Cooper Companies stock opened at $68.79 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.24 and a debt-to-equity ratio of 0.29. The company's 50-day moving average price is $71.94 and its two-hundred day moving average price is $76.43. The Cooper Companies, Inc. has a 52 week low of $61.78 and a 52 week high of $112.38. The stock has a market cap of $13.68 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 1.72 and a beta of 0.97.

Cooper Companies (NASDAQ:COO - Get Free Report) last posted its quarterly earnings data 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 net margin of 10.08% and a return on equity of 9.82%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm posted $0.96 EPS. The business's revenue for the quarter 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, sell-side analysts anticipate that The Cooper Companies, Inc. will post 3.98 EPS for the current fiscal year.

Insider Buying and Selling at Cooper Companies

In related news, COO Daniel G. Mcbride purchased 3,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were bought at an average price of $65.04 per share, with a total value of $195,120.00. Following the completion of the acquisition, the chief operating officer owned 63,120 shares of the company's stock, valued at approximately $4,105,324.80. This represents a 4.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Gerard H. Warner III acquired 1,450 shares of the business's stock in a transaction dated Friday, September 5th. The shares were bought at an average price of $69.23 per share, with a total value of $100,383.50. Following the transaction, the chief operating officer directly owned 18,319 shares in the company, valued at approximately $1,268,224.37. The trade was a 8.60% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 15,975 shares of company stock worth $1,079,566. 1.98% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on COO. Wells Fargo & Company reduced their price target on Cooper Companies from $93.00 to $72.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. Morgan Stanley set a $76.00 price objective on shares of Cooper Companies and gave the stock an "equal weight" rating in a report on Thursday, August 28th. Mizuho decreased their target price on shares of Cooper Companies from $105.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, July 16th. BNP Paribas Exane upgraded shares of Cooper Companies from a "neutral" rating to an "outperform" rating and set a $92.00 price target on the stock in a research report on Tuesday, July 22nd. Finally, Stifel Nicolaus reduced their price target on shares of Cooper Companies from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cooper Companies presently has an average rating of "Moderate Buy" and an average price target of $86.64.

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.

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