Elo Mutual Pension Insurance Co Raises Stock Position in The Cooper Companies, Inc. (NASDAQ:COO)

Elo Mutual Pension Insurance Co raised its holdings in The Cooper Companies, Inc. (NASDAQ:COO) by 11.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,767 shares of the medical device company’s stock after purchasing an additional 2,080 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Cooper Companies were worth $1,819,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new position in shares of Cooper Companies in the 4th quarter valued at $33,000. OFI Invest Asset Management purchased a new position in Cooper Companies in the fourth quarter valued at $34,000. West Financial Advisors LLC acquired a new position in shares of Cooper Companies in the fourth quarter worth about $49,000. Atala Financial Inc purchased a new stake in shares of Cooper Companies during the 4th quarter worth about $51,000. Finally, UMB Bank n.a. grew its position in shares of Cooper Companies by 22.5% during the 4th quarter. UMB Bank n.a. now owns 773 shares of the medical device company’s stock valued at $71,000 after acquiring an additional 142 shares during the period. 24.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. StockNews.com cut Cooper Companies from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. BNP Paribas raised Cooper Companies to a “hold” rating in a research note on Thursday, March 13th. Piper Sandler reissued an “overweight” rating and issued a $115.00 price target (down previously from $120.00) on shares of Cooper Companies in a research note on Friday, March 7th. Needham & Company LLC restated a “hold” rating on shares of Cooper Companies in a research report on Friday, March 7th. Finally, Citigroup dropped their target price on shares of Cooper Companies from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Cooper Companies currently has an average rating of “Moderate Buy” and an average target price of $110.25.

Cooper Companies Stock Performance

NASDAQ:COO opened at $83.77 on Friday. The company has a market cap of $16.75 billion, a P/E ratio of 42.96, a P/E/G ratio of 2.25 and a beta of 1.02. The Cooper Companies, Inc. has a twelve month low of $77.05 and a twelve month high of $112.38. The company’s 50-day moving average price is $89.33 and its 200-day moving average price is $97.29. The company has a current ratio of 1.91, a quick ratio of 1.12 and a debt-to-equity ratio of 0.32.

Cooper Companies (NASDAQ:COO) last released its earnings results on Thursday, March 6th. The medical device company reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. The business had revenue of $964.70 million for the quarter, compared to analyst estimates of $981.25 million. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. On average, sell-side analysts forecast that The Cooper Companies, Inc. will post 3.98 earnings per share for the current fiscal year.

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.