The company is so far trading up by 1.20 percent from yesterday’s close. It is trading at $247.46 slightly over the 50 day moving average which is $229.73 and just a bit higher than the 200 day moving average of $200.61. The 50 day moving average went up by +7.95% whereas the 200 day moving average was up $47.37 or +23.61%.
Here is the rundown on market activity for Cooper Companies, Inc. (The) (NYSE:COO). Carol R. Kaufman, EVP, Sec. & Chief Gov. Officer sold $10,702,451 worth of shares at a price of $242.73 on Thu the 8th. That brings Kaufman’s holdings to $10,660,459 as reported to the SEC. Stanley Md Zinberg, Director let go of $198,402 worth of shares at an average price of $243.14 on Wed the 7th. Zinberg now owns $0 of stock as recorded in a recent Form 4 SEC filing.
Paul L. Remmell, Pres & CEO – CooperSurgical sold $720,964 worth of shares at an average price of $199.99 on April 4th. The Pres & CEO – CooperSurgical now owns $0 of the stock per an SEC filing yesterday.
The Cooper Companies, Inc., launched on March 4, 1980, is a global medical device company. The Company operates through two business units: CooperVision, Inc. and CooperSurgical, Inc. CooperVision offers soft contact lenses for the vision correction market. CooperSurgical offers an array of products and services focused on advancing the health of families through a portfolio of products and services focusing on women’s health, fertility and diagnostics..
Here are some other firms who have updated their holdings. Gateway Investment Advisers LLC grew its position by buying 200 shares an increase of 5.7% from 03/31/2017 to 06/30/2017. Gateway Investment Advisers LLC claims 3,691 shares with a value of $884,000. The value of the position overall is up by 26.6%. As of the end of the quarter Clinton Group Inc had sold 21,856 shares trimming its stake by 93.8%. The value of the investment in COO decreased from $4,076,000 to $288,000 a change of $3,788,000 quarter to quarter.
As of quarter end Private Trust Co Na had disposed of a total of 157 shares trimming its position 2.9%. The value of the investment in (COO) went from $1,083,000 to $1,260,000 a change of 16.3% quarter over quarter. As of the end of the quarter Atria Investments LLC had disposed of 75 shares trimming its holdings by 3.7%. The value of the investment in Cooper Companies, Inc. (The) increased from $402,000 to $463,000 increasing 15.2% for the reporting period.
On June 29 analysts at Guggenheim started covering COO setting a rating of “Neutral”. On December 12, 2016 the stock rating was set at “Outperform” in a report from Wells Fargo which is up from the previous “Market Perform” rating.
On August 24 Jefferies kept the company rating at “Buy” but raised the price target to $210.00 from $190.00. Equity analyst JP Morgan added the stock to its research portfolio by announcing an initial rating of “Buy”.
On May 16 the company was rated “Buy” according to a Cleveland Research report up from the previous “Neutral” rating. On April 15 the company was changed to a “Buy” by Jefferies which was a boost from the previous “Hold” rating.
The company also recently declared a dividend that will be paid on Mon Aug 7, 2017. The dividend payment will be $0.015 per share for the quarter which is $0.06 annualized. This dividend amount will represent a yeild of $0.02. The ex-dividend date will be Thursday January 19th, 2017.
The most current P/E ratio is 37.18 and the market cap is 12.12B. In the last earnings report the EPS was $6.67 and is projected to be $9.61 for the current year with 48,856,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $2.61 and the next full year EPS is anticipated to be $10.59.