Insider Selling: The Cooper Companies CEO Sells 11,767 Shares of Stock (COO)
The Cooper Companies (NYSE:COO) CEO Paul L. Remmell sold 11,767 shares of the company’s stock on the open market in a transaction dated Friday, July 11th. The stock was sold at an average price of $148.62, for a total value of $1,748,811.54. Following the completion of the sale, the chief executive officer now directly owns 4,158 shares of the company’s stock, valued at approximately $617,962. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on COO. Analysts at Zacks reiterated a “neutral” rating on shares of The Cooper Companies in a research note on Wednesday, July 2nd. They now have a $154.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Cooper Companies in a research note on Tuesday, July 1st. They now have a $150.00 price target on the stock, down previously from $176.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Cooper Companies in a research note on Friday, June 6th. They now have a $150.00 price target on the stock, up previously from $140.00. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $140.67.
The Cooper Companies (NYSE:COO) traded up 0.12% during mid-day trading on Monday, hitting $150.39. 543,368 shares of the company’s stock traded hands. The Cooper Companies has a 52-week low of $116.95 and a 52-week high of $150.44. The stock’s 50-day moving average is $136.2 and its 200-day moving average is $131.0. The company has a market cap of $7.209 billion and a P/E ratio of 24.91.
The Cooper Companies (NYSE:COO) last announced its earnings results on Thursday, June 5th. The company reported $1.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.60 by $0.04. The company had revenue of $412.30 million for the quarter, compared to the consensus estimate of $411.41 million. During the same quarter last year, the company posted $1.50 earnings per share. The Cooper Companies’s revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that The Cooper Companies will post $6.88 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Wednesday, August 6th. Stockholders of record on Thursday, July 24th will be paid a dividend of $0.03 per share. This represents a dividend yield of 0.04%. The ex-dividend date is Tuesday, July 22nd.
The Cooper Companies, Inc is a global medical device company. The Company operates through two business units, CooperVision, Inc and CooperSurgical, Inc CooperVision is a global manufacturer providing products for contact lens wearers.
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