Hi,
moomoo ID:NaN
Log Out
English
Back
Log in to access Online Inquiry

The Cooper Companies, Inc. (NYSE:COO) Shares Acquired by Gateway Investment Advisers LLC

Defense World ·  {{timeTz}}

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.

Get Cooper Companies alerts:

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 (NYSE:COO – Get Rating) last announced its earnings results on Wednesday, August 31st. The medical device company reported $3.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.20 by ($0.01). The company had revenue of $843.40 million for the quarter, compared to analyst estimates of $830.22 million. Cooper Companies had a return on equity of 9.22% and a net margin of 13.38%. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $3.41 earnings per share. Equities analysts anticipate that The Cooper Companies, Inc. will post 12.79 earnings per share for the current year.

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

(Get Rating)

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.

Recommended Stories

  • Get a free copy of the StockNews.com research report on Cooper Companies (COO)
  • MarketBeat: Week in Review 9/19 – 9/23
  • Why Does Tesla Stock Remain Resilient?
  • Is Costco's Post-Earnings Price Weakness A Good Time To Buy?
  • 2 Semiconductor Stocks To Watch For Reversals
  • Will Crowdstrike Get A Boost From Increased EPS Guidance?

Receive News & Ratings for Cooper Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper Companies and related companies with MarketBeat.com's FREE daily email newsletter.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.