SCHEDULE 13G/A: BlackRock Amends Passive Stake in Cooper Companies, Holding 7.1% of Common Stock
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an Amendment No. 16 to its Schedule 13G, disclosing a 7.1% passive beneficial ownership stake in Cooper Companies Inc. as of March 31, 2025.
Summary
- BlackRock, Inc. filed Amendment No. 16 to its Schedule 13G regarding its beneficial ownership in Cooper Companies Inc.
- As of March 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 14,137,034 shares of Cooper Companies Inc. common stock.
- This ownership represents 7.1% of the total outstanding common stock of Cooper Companies Inc.
- BlackRock, Inc. holds sole voting power over 12,986,479 shares and sole dispositive power over 14,137,034 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a neutral, factual disclosure of passive ownership by a large institutional investor. It does not contain positive or negative operational or financial news about the issuer.
Positives
- BlackRock, a major institutional investor, maintains a significant passive stake (7.1%) in Cooper Companies Inc., indicating continued confidence in the company as an investment.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding Cooper Companies Inc.'s future performance or BlackRock's investment strategy beyond the passive nature of the holding.
Industry Context
This filing is a routine disclosure by a large asset manager, BlackRock, regarding its passive investment in Cooper Companies Inc. It reflects BlackRock's ongoing portfolio management activities rather than specific industry trends or competitive dynamics related to Cooper Companies Inc.'s core business.
Stakeholder Impact
- Shareholders: Provides transparency on a significant institutional holder's passive stake, which can be a positive signal of institutional confidence.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney revoked. |
| 2025-01-21 | Effective date of the current Power of Attorney for BlackRock, Inc. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting period end for ownership calculation). |
| 2025-04-17 | Filing date of Amendment No. 16 to Schedule 13G. |
Keywords
BlackRock, Cooper Companies Inc., Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Passive Investment, SEC Filing
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