The Cooper Companies, Inc. $COO Shares Sold by Figure 8 Investment Strategies LLC

Figure 8 Investment Strategies LLC trimmed its position in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 10.3% in the second quarter, HoldingsChannel.com reports. The fund owned 13,633 shares of the medical device company’s stock after selling 1,558 shares during the period. Figure 8 Investment Strategies LLC’s holdings in Cooper Companies were worth $970,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of COO. Zions Bancorporation National Association UT acquired a new stake in shares of Cooper Companies during the first quarter worth about $33,000. City Holding Co. purchased a new stake in Cooper Companies during the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. purchased a new stake in Cooper Companies during the 1st quarter worth approximately $40,000. Larson Financial Group LLC lifted its holdings in Cooper Companies by 1,071.0% during the 1st quarter. Larson Financial Group LLC now owns 726 shares of the medical device company’s stock worth $61,000 after buying an additional 664 shares in the last quarter. Finally, HM Payson & Co. boosted its position in Cooper Companies by 147.4% in the 1st quarter. HM Payson & Co. now owns 893 shares of the medical device company’s stock valued at $75,000 after buying an additional 532 shares during the period. 24.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on COO shares. BNP Paribas raised Cooper Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 22nd. UBS Group upgraded Cooper Companies to a “buy” rating in a report on Tuesday, June 17th. Wells Fargo & Company cut their price target on Cooper Companies from $93.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, August 28th. Stifel Nicolaus reduced their price target on Cooper Companies from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, August 28th. Finally, Wall Street Zen cut Cooper Companies from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Cooper Companies presently has an average rating of “Moderate Buy” and a consensus price target of $84.75.

Insider Buying and Selling

In related news, EVP Brian G. Andrews acquired 1,525 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were bought at an average price of $65.68 per share, with a total value of $100,162.00. Following the completion of the acquisition, the executive vice president owned 22,191 shares in the company, valued at $1,457,504.88. This trade represents a 7.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Albert G. White III acquired 10,000 shares of Cooper Companies stock in a transaction dated Friday, September 5th. The shares were bought at an average price of $68.39 per share, with a total value of $683,900.00. Following the transaction, the chief executive officer directly owned 226,151 shares in the company, valued at approximately $15,466,466.89. The trade was a 4.63% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 17,975 shares of company stock valued at $1,216,346 over the last three months. 1.98% of the stock is currently owned by insiders.

Cooper Companies Stock Up 1.9%

Cooper Companies stock opened at $70.46 on Friday. The stock has a market cap of $14.01 billion, a PE ratio of 34.71, a P/E/G ratio of 1.81 and a beta of 1.02. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.12 and a quick ratio of 1.24. The stock’s fifty day moving average is $69.69 and its two-hundred day moving average is $74.16. The Cooper Companies, Inc. has a 1-year low of $61.78 and a 1-year high of $109.37.

Cooper Companies (NASDAQ:COO) last released its quarterly earnings data on Wednesday, August 27th. The medical device company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.03. Cooper Companies had a return on equity of 9.82% and a net margin of 10.08%.The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the firm posted $0.96 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Cooper Companies has set its Q4 2025 guidance at 1.100-1.140 EPS. FY 2025 guidance at 4.080-4.120 EPS. On average, sell-side analysts expect that The Cooper Companies, Inc. will post 3.98 EPS for the current fiscal year.

Cooper Companies declared that its board has initiated a stock repurchase plan on Wednesday, September 17th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the medical device company to reacquire up to 15.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.