ClearBridge Investments, an investment management firm, published its “Sustainability Leaders Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Sustainability Leaders Strategy outperformed its Russell 3000 Index benchmark during the fourth quarter. On an absolute basis, the Strategy had gains in nine of 10 sectors in which it was invested (out of 11 sectors total). The main contributors were the IT, consumer discretionary, and health care sectors. The communication services sector was the sole detractor. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
ClearBridge Investments Sustainability Leaders Strategy, in its Q4 2021 investor letter, mentioned The Cooper Companies, Inc. (NYSE:COO) and discussed its stance on the firm. Founded in 1958, The Cooper Companies, Inc. (NYSE:COO) is a Pleasanton, California-based medical device company with a $20.5 billion market capitalization, and is currently spearheaded by its CEO, Albert G. White III. The Cooper Companies, Inc. (NYSE:COO) delivered a -0.39% return since the beginning of the year, while its 12-month returns are up by 7.20%. The stock closed at $417.32 per share on April 04, 2022.
Here is what ClearBridge Investments Sustainability Leaders Strategy has to say about The Cooper Companies, Inc. (NYSE:COO) in its Q4 2021 investor letter:
“In the fourth quarter we added Cooper, a medical products company focused on advancing vision care and women’s health. Cooper Vision is a leading contact lens manufacturer with a number of attractive attributes, including steady secular growth, innovation, and pricing power. Cooper has been consistently gaining market share in recent years due to its innovative product portfolio. We believe this business has the potential to accelerate in the years ahead due to its leading position in myopia, an eye condition impacting a growing number of children around the world. Cooper also has a surgical division focused on women’s and family health, which also has attractive growth characteristics and addresses a number of import health problems, including fertility and reproductive genomics.”
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Our calculations show that The Cooper Companies, Inc. (NYSE:COO) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. The Cooper Companies, Inc. (NYSE:COO) was in 32 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 37 funds in the previous quarter. The Cooper Companies, Inc. (NYSE:COO) delivered a 0.08% return in the past 3 months. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.
Disclosure: None. This article is originally published at Insider Monkey.
