Gateway Investment Advisers LLC boosted its stake in shares of The Cooper Companies, Inc. (NYSE:COO – Get Rating) by 42.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,184 shares of the medical device company's stock after purchasing an additional 350 shares during the quarter. Gateway Investment Advisers LLC's holdings in Cooper Companies were worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Addenda Capital Inc. boosted its position in Cooper Companies by 3.7% during the 2nd quarter. Addenda Capital Inc. now owns 3,027 shares of the medical device company's stock valued at $948,000 after purchasing an additional 107 shares during the period. Handelsinvest Investeringsforvaltning boosted its position in Cooper Companies by 13.8% during the 2nd quarter. Handelsinvest Investeringsforvaltning now owns 50,452 shares of the medical device company's stock worth $15,798,000 after acquiring an additional 6,134 shares during the period. Diversified Trust Co boosted its position in Cooper Companies by 12.8% during the 2nd quarter. Diversified Trust Co now owns 2,200 shares of the medical device company's stock worth $689,000 after acquiring an additional 250 shares during the period. NuWave Investment Management LLC acquired a new position in Cooper Companies during the 2nd quarter worth $54,000. Finally, Bank of America Corp DE boosted its position in Cooper Companies by 4.6% during the 1st quarter. Bank of America Corp DE now owns 283,221 shares of the medical device company's stock worth $118,268,000 after acquiring an additional 12,334 shares during the period. Institutional investors and hedge funds own 97.09% of the company's stock.

Cooper Companies Stock Up 0.5 %

Shares of Cooper Companies stock opened at $275.68 on Friday. The stock's fifty day moving average is $310.39 and its 200-day moving average is $341.79. The firm has a market capitalization of $13.60 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 2.16 and a beta of 0.93. The company has a quick ratio of 0.71, a current ratio of 1.16 and a debt-to-equity ratio of 0.33. The Cooper Companies, Inc. has a 12-month low of $270.04 and a 12-month high of $441.82.

Cooper Companies Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Thursday, August 11th. Shareholders of record on Wednesday, July 27th were paid a $0.03 dividend. The ex-dividend date was Tuesday, July 26th. Cooper Companies's dividend payout ratio (DPR) is currently 0.69%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. KeyCorp reduced their price target on Cooper Companies from $414.00 to $408.00 and set an "overweight" rating for the company in a research report on Friday, June 3rd. Wells Fargo & Company reduced their price target on Cooper Companies from $370.00 to $365.00 and set an "overweight" rating for the company in a research report on Thursday, September 1st. Stifel Nicolaus reduced their price target on Cooper Companies from $475.00 to $450.00 in a research report on Monday, June 6th. Robert W. Baird reduced their price target on Cooper Companies from $375.00 to $345.00 and set a "neutral" rating for the company in a research report on Thursday, September 1st. Finally, TheStreet downgraded Cooper Companies from a "b-" rating to a "c+" rating in a research note on Monday, July 18th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $406.00.

Cooper Companies Profile

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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 offers spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, myopia, ocular dryness and eye fatigues in the Americas, Europe, Middle East, Africa, and Asia Pacific.

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