Baird Financial Group Inc. Has $77.94 Million Stock Holdings in The Cooper Companies, Inc. (NYSE:COO)

Baird Financial Group Inc. increased its holdings in shares of The Cooper Companies, Inc. (NYSE:COOGet Rating) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,654 shares of the medical device company’s stock after buying an additional 4,279 shares during the period. Baird Financial Group Inc. owned about 0.38% of Cooper Companies worth $77,944,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in Cooper Companies during the 1st quarter worth approximately $29,000. Capital Advisors Ltd. LLC lifted its position in shares of Cooper Companies by 223.1% in the 1st quarter. Capital Advisors Ltd. LLC now owns 126 shares of the medical device company’s stock worth $53,000 after purchasing an additional 87 shares during the period. Covestor Ltd acquired a new position in shares of Cooper Companies in the 4th quarter worth approximately $54,000. Fieldpoint Private Securities LLC lifted its position in shares of Cooper Companies by 180.0% in the 1st quarter. Fieldpoint Private Securities LLC now owns 140 shares of the medical device company’s stock worth $58,000 after purchasing an additional 90 shares during the period. Finally, US Asset Management LLC acquired a new position in shares of Cooper Companies in the 1st quarter worth approximately $81,000. 97.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their price target on shares of Cooper Companies from $475.00 to $450.00 in a research report on Monday, June 6th. TheStreet downgraded shares of Cooper Companies from a “b-” rating to a “c+” rating in a research report on Monday, July 18th. Wells Fargo & Company dropped their price target on shares of Cooper Companies from $370.00 to $365.00 and set an “overweight” rating on the stock in a research report on Thursday, September 1st. Piper Sandler dropped their target price on shares of Cooper Companies from $425.00 to $375.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. Finally, KeyCorp dropped their target price on shares of Cooper Companies from $414.00 to $408.00 and set an “overweight” rating on the stock in a research report on Friday, June 3rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $406.00.

Cooper Companies Stock Performance

Shares of COO stock opened at $307.90 on Friday. The firm has a market capitalization of $15.19 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 2.31 and a beta of 0.93. The firm has a fifty day simple moving average of $313.12 and a two-hundred day simple moving average of $350.31. The company has a current ratio of 1.16, a quick ratio of 0.71 and a debt-to-equity ratio of 0.33. The Cooper Companies, Inc. has a 12 month low of $283.03 and a 12 month high of $455.92.

Cooper Companies (NYSE:COOGet Rating) last announced its quarterly earnings results on Wednesday, August 31st. The medical device company reported $3.19 EPS for the quarter, missing analysts’ consensus estimates of $3.24 by ($0.05). The business had revenue of $843.40 million for the quarter, compared to the consensus estimate of $830.22 million. Cooper Companies had a net margin of 13.38% and a return on equity of 9.22%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.41 EPS. Analysts forecast that The Cooper Companies, Inc. will post 12.84 EPS for the current fiscal year.

Cooper Companies Dividend Announcement

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

About Cooper Companies

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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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Institutional Ownership by Quarter for Cooper Companies (NYSE:COO)

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