September 9, 2023 – Westfield Capital Management Co. LP, a prominent investment management firm, has reported a slight reduction in its stake in The Cooper Companies, Inc. (NYSE:COO) during the first quarter of this year. According to the company’s recent filing with the Securities and Exchange Commission (SEC), Westfield Capital Management Co. LP sold 1,628 shares of COO stock, resulting in a decrease of 0.9% of their overall holdings. As a result, the firm now owns 185,078 shares in the medical device company.

At the end of the most recent quarter, Westfield Capital Management Co. LP’s stake in Cooper Companies was valued at approximately $69,101,000 or about 0.37% of the total worth of the company. This adjustment reflects a strategic decision made by Westfield Capital Management Co. LP as it evaluates its investment portfolio.

Cooper Companies recently announced a quarterly dividend payment to its shareholders on Friday, August 11th. Shareholders who held COO stock as of Thursday, July 27th were eligible to receive a dividend of $0.03 per share. It is noteworthy to mention that investors had an ex-dividend date on Wednesday, July 26th prior to this payout distribution.

The annualized dividend for Cooper Companies currently stands at $0.12 per share with a yield of 0.03%. The payout ratio for the company presently sits at about 1.08%, indicating that only a small portion of its earnings goes towards dividends.

It is important for investors and market analysts to carefully study and analyze these developments within Cooper Companies as they strive to make informed decisions concerning their portfolios. Understanding dividend distributions and payout ratios can provide valuable insights into an organization’s financial performance and stability.

As always, investors are encouraged to conduct thorough research and seek professional advice before making any investment decisions based on the information provided. The dynamics of the financial markets are subject to change, and past performance is not necessarily indicative of future results.

In conclusion, Westfield Capital Management Co. LP has reduced its stake in The Cooper Companies, Inc. as reported in their recent SEC filing. This adjustment reflects the firm’s strategic decision-making process for its investment portfolio. Shareholders who were eligible received a quarterly dividend of $0.03 per share. Investors should carefully analyze these developments to make well-informed decisions based on their individual investment strategies and goals.

The Cooper Companies, Inc. Sees Rise in Ownership by Institutional Investors and Hedge Funds; Analysts Remain Positive on Growth Potential

The Cooper Companies, Inc. (NYSE: COO), a leading medical device company, has recently seen an increase in its ownership by institutional investors and hedge funds. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in the company by 0.3% during the 1st quarter, acquiring an additional 26 shares that brought their total ownership to 8,367 shares valued at $3,124,000.

Similarly, Mitchell & Pahl Private Wealth LLC increased its position in Cooper Companies by 1.8% during the 1st quarter, adding an extra 27 shares to their portfolio which now totals 1,546 shares worth $577,000. Tealwood Asset Management Inc. also expanded its holdings in the company by 1.0%, acquiring an additional 29 shares that brought their total to 2,950 shares valued at $1,101,000.

Furthermore, Moneta Group Investment Advisors LLC grew their position in Cooper Companies by 2.7% in the 4th quarter when they purchased an additional 37 shares, bringing their total ownership to 1,386 shares valued at $458,000. Finally, First Republic Investment Management Inc. reported a growth of 1.7% during the first quarter when they acquired an additional 40 shares that increased their stake to 2,350 shares valued at $877,000.

It is worth noting that currently hedge funds and other institutional investors collectively own approximately 96.31% of The Cooper Companies’ stock.

Several equities analysts have recently commented on COO’s performance as well. TheStreet downgraded the company from a “b-” rating to a “c+” rating in June earlier this year through a research report. Stifel Nicolaus has reissued a “buy” rating for Cooper Companies with a price target of $420.00 on August 31st this year. Citigroup, on the other hand, raised their price target on the company from $431.00 to $440.00 in a research report on July 10th.

Robert W. Baird also increased their target price for Cooper Companies from $400.00 to $410.00 and assigned the stock with an “outperform” rating in a research note published on August 31st. Additionally, StockNews.com initiated coverage of the company with a “hold” rating on August 17th this year.

According to sources, Cooper Companies currently holds a consensus rating of “Moderate Buy” and has an average target price of $400.56 among analysts.

As of September 9, 2023, shares of Cooper Companies traded down to $349.60 during trading hours on Friday following the disclosure of these recent ownership changes by institutional investors and hedge funds. Approximately 63,181 shares were exchanged, compared to an average volume of 288,384 shares traded daily.

The Cooper Companies, Inc., with a market capitalization of $17.31 billion, has observed its share price fluctuating between its 52-week low at $244.21 and its high point at $399.62 within the past year.

Analysts have noted that The Cooper Companies carries a current ratio of 1.72 and quick ratio of 0.95 which portrays a comfortable liquidity position for the company in terms of meeting short-term financial obligations. Additionally, the company boasts a debt-to-equity ratio of 0.33 which indicates a lower level of debt compared to equity financing.

From a technical perspective, The Cooper Companies displays positive performance with its stock’s moving averages holding firm at both the 50-day moving average value ($379.84) and the 200-day moving average value ($369.85).

The most recent quarterly earnings results for The Cooper Companies were released on August 30th, 2023. The company reported earnings per share (EPS) of $3.35 for the quarter, exceeding the consensus estimate by $0.01. Furthermore, Cooper Companies generated revenue of $930.20 million during this period, surpassing analysts’ expectations of $899.77 million.

With a strong return on equity of 8.17% and a net margin of 7.83%, Cooper Companies has demonstrated solid financial performance in its most recent quarter. The reported quarterly revenue also indicates a notable 10.3% increase compared to the same time frame last year, while earnings per share were slightly higher than the prior-year quarter’s figure of $3.19.

Industry analysts currently anticipate that The Cooper Companies will post earnings per share (EPS) of 12.8 for the current fiscal year.

In conclusion, The Cooper Companies has witnessed an increase in ownership by institutional investors and hedge funds recently, highlighting their confidence in the company’s potential for growth and profitability. With positive ratings from analysts and consistent financial performance, COO remains an attractive investment option in the medical device industry.

Disclaimer: This article is meant solely for informational purposes and should not be considered as financial or investment advice. Before making any investment decisions, it is recommended to seek

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