Tocqueville Asset Management L.P. boosted its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,421 shares of the company’s stock after acquiring an additional 1,780 shares during the period. Tocqueville Asset Management L.P. owned 0.25% of Patterson Companies worth $9,331,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Patterson Companies by 27.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,300 shares of the company’s stock valued at $104,000 after acquiring an additional 500 shares in the last quarter. Advisory Services Network LLC raised its holdings in Patterson Companies by 423.4% in the second quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock valued at $118,000 after acquiring an additional 2,041 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in Patterson Companies by 15.9% in the second quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock valued at $140,000 after acquiring an additional 415 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Patterson Companies by 4.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,576 shares of the company’s stock valued at $168,000 after acquiring an additional 150 shares in the last quarter. Finally, Palisade Asset Management LLC acquired a new stake in shares of Patterson Companies during the second quarter worth $188,000. 88.90% of the stock is currently owned by hedge funds and other institutional investors.
Patterson Companies, Inc. (NASDAQ PDCO) traded up $0.03 during trading on Friday, hitting $36.15. 2,107,633 shares of the stock traded hands, compared to its average volume of 1,439,654. The company has a quick ratio of 1.15, a current ratio of 2.01 and a debt-to-equity ratio of 0.72. The firm has a market cap of $3.45 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. Patterson Companies had a net margin of 2.93% and a return on equity of 15.51%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. equities analysts predict that Patterson Companies, Inc. will post 2.29 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, October 12th. This represents a $1.04 annualized dividend and a dividend yield of 2.88%. Patterson Companies’s dividend payout ratio is currently 60.47%.
In related news, CFO Ann B. Gugino sold 750 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $36.73, for a total value of $27,547.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by corporate insiders.
PDCO has been the topic of a number of research reports. Morgan Stanley initiated coverage on shares of Patterson Companies in a report on Thursday, September 21st. They set an “equal weight” rating and a $42.00 target price on the stock. Robert W. Baird reissued a “buy” rating and set a $44.00 target price on shares of Patterson Companies in a report on Tuesday, September 26th. TheStreet cut shares of Patterson Companies from a “b-” rating to a “c” rating in a report on Thursday, August 24th. BidaskClub cut shares of Patterson Companies from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, UBS Group AG (USA) raised shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 target price on the stock in a report on Friday, August 25th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $41.64.
Patterson Companies Company Profile
Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.
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