Rialto Wealth Management LLC Purchases Shares of 2,336 The Cooper Companies, Inc. (NASDAQ:COO)

Rialto Wealth Management LLC bought a new position in shares of The Cooper Companies, Inc. (NASDAQ:COO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,336 shares of the medical device company’s stock, valued at approximately $215,000.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Cooper Companies in the third quarter valued at $25,000. Covestor Ltd grew its stake in shares of Cooper Companies by 144.9% in the 3rd quarter. Covestor Ltd now owns 338 shares of the medical device company’s stock valued at $37,000 after buying an additional 200 shares during the period. Byrne Asset Management LLC bought a new stake in Cooper Companies in the 4th quarter valued at about $33,000. Brown Brothers Harriman & Co. raised its stake in Cooper Companies by 191.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 419 shares of the medical device company’s stock worth $46,000 after buying an additional 275 shares during the period. Finally, West Financial Advisors LLC bought a new position in Cooper Companies in the fourth quarter worth approximately $49,000. 24.39% of the stock is currently owned by institutional investors.

Cooper Companies Trading Down 6.6 %

NASDAQ:COO opened at $85.00 on Friday. The Cooper Companies, Inc. has a 52 week low of $82.61 and a 52 week high of $112.38. The firm has a 50-day moving average price of $92.38 and a two-hundred day moving average price of $99.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.91. The firm has a market cap of $16.96 billion, a price-to-earnings ratio of 43.59, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02.

Cooper Companies (NASDAQ:COO) last issued its quarterly earnings results on Thursday, March 6th. The medical device company reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. The company had revenue of $964.70 million during the quarter, compared to the consensus estimate of $981.25 million. On average, equities analysts expect that The Cooper Companies, Inc. will post 3.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on COO. Stifel Nicolaus lowered their target price on Cooper Companies from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday. Wells Fargo & Company raised their price objective on shares of Cooper Companies from $115.00 to $118.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Robert W. Baird decreased their target price on shares of Cooper Companies from $117.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday. Needham & Company LLC restated a “hold” rating on shares of Cooper Companies in a report on Friday. Finally, Piper Sandler reiterated an “overweight” rating and set a $115.00 price target (down previously from $120.00) on shares of Cooper Companies in a research note on Friday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Cooper Companies has an average rating of “Moderate Buy” and a consensus price target of $111.89.

Cooper Companies 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.