The Cooper Companies, Inc. $COO Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lifted its stake in The Cooper Companies, Inc. (NASDAQ:COO) by 23.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 311,745 shares of the medical device company’s stock after acquiring an additional 59,190 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Cooper Companies were worth $22,184,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of COO. J.Safra Asset Management Corp grew its position in Cooper Companies by 204.8% in the second quarter. J.Safra Asset Management Corp now owns 506 shares of the medical device company’s stock valued at $36,000 after acquiring an additional 340 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Cooper Companies during the second quarter valued at about $36,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Cooper Companies during the first quarter worth about $40,000. MUFG Securities EMEA plc acquired a new position in shares of Cooper Companies in the second quarter worth about $42,000. Finally, Assetmark Inc. boosted its holdings in Cooper Companies by 357.8% in the second quarter. Assetmark Inc. now owns 618 shares of the medical device company’s stock valued at $44,000 after purchasing an additional 483 shares during the last quarter. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on COO. Mizuho set a $100.00 price objective on Cooper Companies and gave the stock an “outperform” rating in a report on Friday, December 5th. Morgan Stanley upped their price target on shares of Cooper Companies from $76.00 to $83.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Robert W. Baird increased their price objective on shares of Cooper Companies from $85.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Piper Sandler reissued an “overweight” rating and issued a $94.00 target price (up previously from $83.00) on shares of Cooper Companies in a research report on Friday, December 5th. Finally, Wells Fargo & Company increased their price target on shares of Cooper Companies from $72.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Cooper Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.15.

Insider Transactions at Cooper Companies

In other Cooper Companies news, Director Lawrence Erik Kurzius bought 2,000 shares of the business’s stock in a transaction on Monday, September 29th. The shares were purchased at an average price of $68.39 per share, with a total value of $136,780.00. Following the completion of the acquisition, the director directly owned 5,777 shares of the company’s stock, valued at approximately $395,089.03. The trade was a 52.95% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.98% of the stock is owned by corporate insiders.

Cooper Companies Stock Performance

Shares of COO opened at $82.08 on Monday. The stock has a market capitalization of $16.09 billion, a PE ratio of 43.66, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05. The business’s fifty day moving average price is $73.44 and its 200 day moving average price is $71.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.89 and a quick ratio of 1.13. The Cooper Companies, Inc. has a 12-month low of $61.78 and a 12-month high of $100.24.

Cooper Companies (NASDAQ:COO) last issued its earnings results on Thursday, December 4th. The medical device company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. Cooper Companies had a net margin of 9.16% and a return on equity of 10.02%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Cooper Companies has set its FY 2026 guidance at 4.450-4.600 EPS and its Q1 2026 guidance at 1.020-1.040 EPS. Equities research analysts forecast that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Cooper Companies announced that its Board of Directors has authorized a share repurchase program on Wednesday, September 17th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the medical device company to purchase up to 15.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are 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.