Gateway Investment Advisers LLC Increases Stake in The Cooper Companies, in 2023
March 29, 2023
Trending News 🌥️
In 2023, Gateway Investment Advisers LLC made the strategic decision to increase its stake in The Cooper Companies ($NYSE:COO), Inc. This move was made in order to capitalize on the company’s promising prospects in the healthcare industry. The Cooper Companies, Inc. is an international medical device company that operates through two business segments: CooperVision and CooperSurgical. CooperVision specializes in contact lenses and related products, while CooperSurgical focuses on providing women’s health solutions. The Cooper Companies, Inc. has consistently delivered significant returns to its investors over the years.
This growth is indicative of the strong performance of The Cooper Companies, Inc., which has managed to maintain a healthy balance sheet and consistently execute on its business strategy to deliver value to its shareholders. With The Cooper Companies, Inc. continuing to thrive in the healthcare industry and provide significant returns to shareholders, this move should be a profitable one for Gateway Investment Advisers LLC.
Market Price
This news has been met with a mostly positive sentiment from investors and analysts. As a result, the stock opened on Monday at $357.4 and closed at $356.6, slightly up by 0.4% from its last closing price of 355.0. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cooper Companies. More…
| Total Revenues | Net Income | Net Margin |
| 3.38k | 375.1 | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cooper Companies. More…
| Operations | Investing | Financing |
| 693 | -275.2 | -577.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cooper Companies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.56k | 4.23k | 148.49 |
Key Ratios Snapshot
Some of the financial key ratios for Cooper Companies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.2% | -0.1% | 16.3% |
| FCF Margin | ROE | ROA |
| 12.6% | 4.8% | 3.0% |
Analysis
At GoodWhale, we are conducting an analysis of the financials of COOPER COMPANIES. After utilizing our Star Chart tool, we found that the company has an impressive health score of 8 out of 10, indicating that it is in a very good financial position and is likely to weather any future economic crisis. Based on our findings, we classified COOPER COMPANIES as a ‘rhino’, which means that the company has achieved moderate revenue or earnings growth. COOPER COMPANIES is strong in dividend and profitability, and medium in asset and growth. Because of this, we believe that COOPER COMPANIES will be of interest to value investors, income investors, and dividend investors. These investors may be attracted to the stability and reliability of COOPER COMPANIES due to its strong cashflows and low debt levels. More…
Peers
The Cooper Companies Inc and its competitors, Sonova Holding AG, Pfizer Inc, and Teleflex Inc, compete in the global medical device market. Sonova Holding AG is a leading manufacturer of hearing aids and other auditory products. Pfizer Inc is a leading manufacturer of pharmaceuticals, vaccines, and other health care products. Teleflex Inc is a leading manufacturer of medical devices and other health care products.
– Sonova Holding AG ($LTS:0QPY)
Sonova Holding AG is a global leader in providing hearing care solutions. The company has a market capitalization of 15.4 billion as of 2022 and a return on equity of 21.26%. Sonova’s products are sold in over 100 countries and the company has a strong presence in Europe, North America, and Asia Pacific. The company’s products include hearing aids, cochlear implants, and wireless communication solutions.
– Pfizer Inc ($NYSE:PFE)
Pfizer Inc is a multinational pharmaceutical corporation. It is one of the world’s largest pharmaceutical companies. The company was founded in 1849 by cousins Charles Pfizer and Charles Erhard. The company has its headquarters in New York City.
Pfizer’s market cap is $270.73 billion as of 2022. Its return on equity is 27.98%. The company manufactures and sells a broad range of pharmaceutical products, including prescription and over-the-counter drugs. The company’s products are sold in more than 150 countries.
– Teleflex Inc ($NYSE:TFX)
Teleflex Inc is a medical device company that provides products and services for a variety of medical conditions. The company has a market cap of 10.2B as of 2022 and a Return on Equity of 8.5%. Teleflex Inc’s products and services include catheters, respiratory devices, and surgical instruments. The company serves patients, families, and healthcare professionals worldwide.
Summary
In January 2023, Gateway Investment Advisers LLC disclosed an increased stake in The Cooper Companies, Inc., a multinational healthcare company. Analysts attribute this growth to the company’s strong bottom line and solid management team. With a strong balance sheet and increasing demand for its products, Cooper Companies, Inc. appears poised to continue its successful streak into the near future.
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