Kwmg LLC increased its holdings in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 9.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,586 shares of the company’s stock after purchasing an additional 3,143 shares during the quarter. Kwmg LLC’s holdings in Patterson Companies were worth $1,453,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of PDCO. Thompson Siegel & Walmsley LLC bought a new stake in Patterson Companies during the 2nd quarter worth approximately $16,439,000. Shell Asset Management Co. grew its stake in shares of Patterson Companies by 2,700.1% during the 3rd quarter. Shell Asset Management Co. now owns 253,859 shares of the company’s stock worth $10,517,000 after acquiring an additional 244,793 shares in the last quarter. Heartland Advisors Inc. bought a new position in shares of Patterson Companies during the 2nd quarter worth approximately $10,398,000. Gotham Asset Management LLC bought a new position in shares of Patterson Companies during the 2nd quarter worth approximately $10,104,000. Finally, AXA grew its stake in shares of Patterson Companies by 3,323.6% during the 2nd quarter. AXA now owns 188,300 shares of the company’s stock worth $8,840,000 after acquiring an additional 182,800 shares in the last quarter. 88.79% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on PDCO. Robert W. Baird reaffirmed a “buy” rating and set a $44.00 price target on shares of Patterson Companies in a research note on Tuesday, September 26th. Stifel Nicolaus decreased their price target on shares of Patterson Companies from $39.00 to $34.00 and set a “sell” rating for the company in a research note on Tuesday, August 15th. Cleveland Research reaffirmed a “hold” rating on shares of Patterson Companies in a research note on Tuesday, August 22nd. TheStreet downgraded Patterson Companies from a “b-” rating to a “c” rating in a report on Thursday, August 24th. Finally, BidaskClub downgraded Patterson Companies from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $41.64.
In other Patterson Companies news, CFO Ann B. Gugino sold 750 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $36.73, for a total transaction of $27,547.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.46% of the company’s stock.
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Shares of Patterson Companies, Inc. (PDCO) traded down $0.04 during trading on Wednesday, reaching $33.53. The company’s stock had a trading volume of 1,724,300 shares, compared to its average volume of 1,191,343. Patterson Companies, Inc. has a fifty-two week low of $32.17 and a fifty-two week high of $49.26. The firm has a market cap of $3,215.20, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. The company has a quick ratio of 1.15, a current ratio of 2.01 and a debt-to-equity ratio of 0.72.
Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. Patterson Companies had a return on equity of 15.51% and a net margin of 2.93%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted $0.51 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. sell-side analysts expect that Patterson Companies, Inc. will post 2.29 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, October 12th. Patterson Companies’s dividend payout ratio is 60.47%.
About Patterson Companies
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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