Cerity Partners LLC Grows Stock Holdings in The Cooper Companies, Inc. (NASDAQ:COO)

Cerity Partners LLC grew its holdings in The Cooper Companies, Inc. (NASDAQ:COO) by 56.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,179 shares of the medical device company’s stock after buying an additional 6,916 shares during the period. Cerity Partners LLC’s holdings in Cooper Companies were worth $2,116,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. increased its stake in Cooper Companies by 84.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,187 shares of the medical device company’s stock worth $120,000 after acquiring an additional 544 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Cooper Companies by 1,634.5% in the 1st quarter. Cetera Investment Advisers now owns 20,935 shares of the medical device company’s stock worth $2,124,000 after purchasing an additional 19,728 shares during the period. Cetera Advisors LLC increased its position in shares of Cooper Companies by 717.7% during the 1st quarter. Cetera Advisors LLC now owns 4,751 shares of the medical device company’s stock valued at $482,000 after purchasing an additional 4,170 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Cooper Companies by 309.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 17,394 shares of the medical device company’s stock valued at $1,765,000 after buying an additional 13,146 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in Cooper Companies by 100.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 37,788 shares of the medical device company’s stock worth $3,829,000 after buying an additional 18,917 shares during the last quarter. 24.39% of the stock is currently owned by institutional investors.

Insider Activity

In other Cooper Companies news, CFO Brian G. Andrews sold 24,788 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $105.90, for a total value of $2,625,049.20. Following the completion of the transaction, the chief financial officer now directly owns 6,614 shares in the company, valued at approximately $700,422.60. The trade was a 78.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Daniel G. Mcbride sold 114,992 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $105.48, for a total transaction of $12,129,356.16. Following the sale, the chief operating officer now directly owns 44,696 shares of the company’s stock, valued at approximately $4,714,534.08. The trade was a 72.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 256,373 shares of company stock worth $27,637,427. 2.00% of the stock is currently owned by corporate insiders.

Cooper Companies Stock Up 1.0 %

NASDAQ:COO opened at $104.46 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.99 and a quick ratio of 1.18. The Cooper Companies, Inc. has a 1-year low of $82.21 and a 1-year high of $112.38. The company has a 50-day moving average of $105.18 and a 200 day moving average of $98.62. The firm has a market cap of $20.80 billion, a PE ratio of 58.03, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99.

Analysts Set New Price Targets

COO has been the topic of several recent analyst reports. Robert W. Baird increased their target price on shares of Cooper Companies from $118.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Stifel Nicolaus reissued a “buy” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Cooper Companies in a research note on Thursday, August 29th. Morgan Stanley upped their target price on Cooper Companies from $95.00 to $104.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Wells Fargo & Company raised their price target on Cooper Companies from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Finally, StockNews.com downgraded Cooper Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Cooper Companies has a consensus rating of “Moderate Buy” and a consensus target price of $117.00.

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.