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State of New Jersey Common Pension Fund D sells shares of The Cooper Companies, Inc. (NYSE:COO).

State of New Jersey Common Pension Fund D sells shares of The Cooper Companies, Inc. (NYSE:COO).

The most recent 13F filing that the company made with the Securities and Exchange Commission revealed that during the third quarter of 2018, the State of New Jersey Common Pension Fund D reduced its position in The Cooper Companies, Inc. (NYSE: COO) by 5.7%. This information was gleaned from the filing that was made. As a result, the organization now has 25,242 shares of the company’s stock after selling 1,536 shares during the quarter. This brings the organization’s total number of shares owned in the company to 25,242. At the end of the most recent financial quarter, the State of New Jersey Common Pension Fund D held approximately 0.05% of the Cooper Companies stock, which had a value of $6,661,000. This position was held close to the most recent fiscal quarter.

Recent events have resulted in several other hedge funds reducing or increasing the size of their positions in the stock. Vanguard Group Inc. added 1.3% more shares of Cooper Companies to its portfolio during the first three months of the year. After purchasing an additional 70,640 shares throughout the relevant period, Vanguard Group Inc. now holds a total of 5,368,727 of the medical device company’s shares, which have a market value of $2,241,927,000. These shares were acquired to bring the total number of shares owned by the company up to 5,368,727. During the first three months of 2018, State Street Corporation was able to amass an additional 0.5 percent of shares in Cooper Companies. The medical device company’s stock is now fully owned by State Street Corp. following the acquisition of an additional 10,373 shares during the quarter, bringing the total number of shares owned by the corporation to 2,177,872. The value of these shares on the market as of right now is $909,458,000. Veritas Asset Management LLP successfully increased the proportion of Cooper Companies owned by 31.2% during the second quarter of the fiscal year. After making purchases totaling 489,118 shares throughout the relevant period, Veritas Asset Management LLP is now the owner of a total of 2,055,306 shares of the stock held by the medical device company. The current market value of the stock is 643,557,000 dollars. During the second quarter, Victory Capital Management Inc. brought the overall proportion of Cooper Companies stock that it owned to 13.8% higher than previously. Victory Capital Management Inc. now has 1,006,620 shares of the medical device company’s stock, valued at $315,193,000, following purchasing an additional 122,388 shares during the period in question. During the period in question, these shares were purchased. At the end of the second quarter, Allianz Asset Management GmbH completed an increase of 1.1% in the amount of Cooper Companies stock it owned by purchasing additional shares. Allianz Asset Management GmbH now holds 890,287 shares of the medical device company’s stock, which has a value of $278,767,000 following the purchase of an additional 9,416 shares during the period in question. This gives the stock a market capitalization of $278,767,000. A total of 96.78 percent of the company’s shares are held collectively by hedge funds and other institutional investors.

Recent academic publications have concentrated their attention on COO in various ways. Piper Sandler upgraded the stock of Cooper Companies to “overweight” status and increased their price objective for the company from $350.00 to $375.00 in a research note released on Wednesday. Robert W. Baird rated the company as “outperforming” in research that was made public on Friday, December 9. They also decreased their price objective for Cooper Companies from $370.00 to $355.00. The research also revealed that they anticipate the company’s stock price to “outperform” the market. In a report published on Tuesday, October 11, Jefferies Financial Group lowered their price target on Cooper Companies from $400 to $295, downgrading the company from a “buy” rating to a “hold” rating. These actions were taken in response to the company’s disappointing financial performance. The coverage of on October 12, a Wednesday, was expanded to include Cooper Companies. They recommended that shareholders “hold” their shares of the company.

Last but not least, Mizuho initiated coverage of Cooper Companies on December 22, a Thursday that marked the beginning of the month. They recommended that the company “buy” the stock and establish a price objective of $375.00. Seven analysts have assigned a buy rating to the company, while only three have assigned a hold rating to the stock. According to, the current consensus rating for the company is “Moderate Buy,” and the consensus price objective for the company is $378.10 per share.

According to other news concerning the Cooper Companies, on Friday, January 6, director Jody S. Lindell sold 1,000 shares of the company’s stock. This information was reported in another piece of news. The shares were sold on the open market for a total price of $344,300.00, which is $344.30 per share divided by the number of shares sold. The director now directly owns 13,543 company shares, which have a combined value of $4,662,854.90 as a direct result of the transaction. Because of the filing with the SEC, information regarding the transaction is now available to the general public. On the website of the SEC, you can locate this particular file. 1.70 company insiders own a percent of the total shares currently outstanding.

The first day of trading for the NYSE COO was Friday, and the opening price was $349.45. The ratio of debt to equity, the current ratio, and the quick ratio are equal to 0.33, and their respective ranges are from 1.20 to 0.71. The current share price of the company’s stock is $319.16, which is higher than its 200-day moving average price, which is $304.20. It has a P/E ratio of 45.03, a PEG ratio of 2.52, and a beta coefficient of 0.91. The market value of the company is $17.25 billion. Over the previous year, the share price of The Cooper Companies, Inc. ranged from its all-time low of $244.21 to its all-time high of $430.67.

On December 8, the most recent quarterly earnings report was made public for Cooper Companies, which is traded on the NYSE under the symbol COO. The medical equipment maker reported earnings per share for the quarter of $2.75, which was $0.36 less than the consensus target of $3.11 published on December 8. The medical equipment maker reported earnings per share for the quarter of $2.75, which is $0.36 less than the consensus target of $3.11 per share. The revenue the company brought in during the quarter was $848.10 million, which is higher than the forecasted amount of $838.88 million that it would bring in during the period. In the case of Cooper Companies, the return on equity was 8.76%, while the net margin for the company was 11.66%. The growth in the company’s revenue was 11.7% higher when measured against the results for the same quarter in the preceding fiscal year. Compared to the previous year’s results for the same quarter, the company’s earnings per share came in at $3.28. Sell-side analysts forecast that The Cooper Companies, Inc. will bring in $12.44 per share in revenue during the current financial year.

Additionally, the company has just recently announced a semiannual dividend, which will be distributed on February 10. On Monday, January 23, shareholders of record will each receive a dividend payment of $0.03 in cash. This coming Friday, January 20, is the ex-dividend date. The dividend payout ratio (DPR) for Cooper Companies is 0.77 percent.


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