Norden Group LLC Boosts Stake in The Cooper Companies, Inc. (NASDAQ:COO)

Norden Group LLC raised its position in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,760 shares of the medical device company’s stock after acquiring an additional 838 shares during the period. Norden Group LLC’s holdings in Cooper Companies were worth $1,725,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in Cooper Companies by 55.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,264 shares of the medical device company’s stock valued at $116,000 after acquiring an additional 451 shares during the period. Fisher Asset Management LLC grew its position in Cooper Companies by 100.7% during the fourth quarter. Fisher Asset Management LLC now owns 120,868 shares of the medical device company’s stock valued at $11,111,000 after acquiring an additional 60,637 shares during the period. Alecta Tjanstepension Omsesidigt purchased a new stake in Cooper Companies during the fourth quarter valued at about $49,550,000. Proficio Capital Partners LLC purchased a new stake in Cooper Companies during the fourth quarter valued at about $95,000. Finally, Mn Services Vermogensbeheer B.V. grew its position in Cooper Companies by 1.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 77,208 shares of the medical device company’s stock valued at $7,098,000 after acquiring an additional 1,300 shares during the period. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Cooper Companies Trading Up 0.6 %

NASDAQ:COO opened at $90.38 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.91. The Cooper Companies, Inc. has a one year low of $84.76 and a one year high of $112.38. The business’s 50-day simple moving average is $92.64 and its 200 day simple moving average is $99.53. The stock has a market cap of $18.04 billion, a price-to-earnings ratio of 46.35, a price-to-earnings-growth ratio of 2.25 and a beta of 1.00.

Cooper Companies (NASDAQ:COO) last announced its quarterly earnings data on Thursday, December 5th. The medical device company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. Cooper Companies’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 earnings per share. As a group, sell-side analysts predict that The Cooper Companies, Inc. will post 3.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on COO. Wells Fargo & Company boosted their price objective on Cooper Companies from $115.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of Cooper Companies in a research note on Friday, December 6th. Citigroup reduced their price objective on Cooper Companies from $116.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. StockNews.com cut Cooper Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Finally, Morgan Stanley reduced their price objective on Cooper Companies from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $117.22.

Cooper Companies Company 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.