SteelPeak Wealth LLC Grows Position in The Cooper Companies, Inc. (NASDAQ:COO)

SteelPeak Wealth LLC raised its position in The Cooper Companies, Inc. (NASDAQ:COO) by 16.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,718 shares of the medical device company’s stock after purchasing an additional 378 shares during the quarter. SteelPeak Wealth LLC’s holdings in Cooper Companies were worth $237,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. WD Rutherford LLC increased its holdings in Cooper Companies by 0.4% during the 4th quarter. WD Rutherford LLC now owns 9,126 shares of the medical device company’s stock worth $3,541,000 after purchasing an additional 33 shares during the period. Franklin Resources Inc. lifted its stake in Cooper Companies by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 3,401 shares of the medical device company’s stock worth $1,287,000 after acquiring an additional 41 shares during the period. KLR Investment Advisors LLC lifted its stake in Cooper Companies by 4.3% in the fourth quarter. KLR Investment Advisors LLC now owns 1,117 shares of the medical device company’s stock worth $423,000 after acquiring an additional 46 shares during the period. Desjardins Global Asset Management Inc. grew its holdings in Cooper Companies by 44.8% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 152 shares of the medical device company’s stock worth $58,000 after acquiring an additional 47 shares in the last quarter. Finally, New York Life Investment Management LLC increased its position in Cooper Companies by 0.6% during the 4th quarter. New York Life Investment Management LLC now owns 7,783 shares of the medical device company’s stock valued at $2,945,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on COO. Piper Sandler reaffirmed an “overweight” rating and issued a $115.00 price target on shares of Cooper Companies in a research report on Wednesday, July 3rd. Needham & Company LLC reissued a “hold” rating on shares of Cooper Companies in a research report on Friday, May 31st. Jefferies Financial Group upgraded Cooper Companies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $107.00 to $115.00 in a research note on Tuesday, July 16th. Finally, Robert W. Baird lifted their target price on Cooper Companies from $116.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Cooper Companies currently has a consensus rating of “Moderate Buy” and an average price target of $111.78.

Cooper Companies Stock Performance

Shares of COO stock traded up $0.58 during mid-day trading on Thursday, reaching $92.00. The stock had a trading volume of 685,273 shares, compared to its average volume of 1,107,111. The Cooper Companies, Inc. has a 1-year low of $75.93 and a 1-year high of $104.07. The firm has a market cap of $18.32 billion, a price-to-earnings ratio of 54.12, a PEG ratio of 2.34 and a beta of 0.98. The company has a current ratio of 1.95, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average is $90.78 and its 200-day moving average is $93.99.

Cooper Companies (NASDAQ:COO) last issued its quarterly earnings results on Thursday, May 30th. The medical device company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $942.60 million for the quarter, compared to the consensus estimate of $948.07 million. Cooper Companies had a net margin of 9.11% and a return on equity of 8.87%. Cooper Companies’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. On average, research analysts forecast that The Cooper Companies, Inc. will post 3.57 earnings per share for the current year.

Cooper Companies 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.