Garrison Financial Corp Invests $2.18 Million in Patterson Companies, Inc. (PDCO) Stock

Garrison Financial Corp purchased a new stake in Patterson Companies, Inc. (NASDAQ:PDCO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 47,469 shares of the company’s stock, valued at approximately $2,181,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. LSV Asset Management lifted its holdings in Patterson Companies by 11.5% in the fourth quarter. LSV Asset Management now owns 1,046,512 shares of the company’s stock worth $20,574,000 after purchasing an additional 107,612 shares during the period. Chicago Equity Partners LLC bought a new stake in shares of Patterson Companies in the 4th quarter valued at approximately $1,005,000. Investors Research Corp grew its stake in shares of Patterson Companies by 1.8% in the 4th quarter. Investors Research Corp now owns 28,200 shares of the company’s stock valued at $554,000 after buying an additional 500 shares in the last quarter. TD Asset Management Inc. bought a new stake in shares of Patterson Companies in the 4th quarter valued at approximately $261,000. Finally, Dupont Capital Management Corp bought a new stake in Patterson Companies during the fourth quarter worth approximately $188,000.

Shares of Patterson Companies stock opened at $22.47 on Tuesday. Patterson Companies, Inc. has a one year low of $18.94 and a one year high of $34.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 1.76. The stock has a market cap of $2.10 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 2.76 and a beta of 1.35.

Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings data on Thursday, December 6th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.42 billion. Patterson Companies had a return on equity of 8.78% and a net margin of 2.80%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. Equities research analysts expect that Patterson Companies, Inc. will post 1.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 25th. Shareholders of record on Friday, January 11th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend was Thursday, January 10th. Patterson Companies’s dividend payout ratio (DPR) is 61.90%.

PDCO has been the subject of a number of research analyst reports. Goldman Sachs Group initiated coverage on Patterson Companies in a report on Friday, October 19th. They set a “sell” rating and a $19.00 price target for the company. BidaskClub upgraded Patterson Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th. ValuEngine upgraded Patterson Companies from a “sell” rating to a “hold” rating in a research note on Monday, November 12th. Zacks Investment Research reiterated a “hold” rating on shares of Patterson Companies in a research note on Wednesday, November 14th. Finally, UBS Group began coverage on Patterson Companies in a report on Thursday, January 17th. They set a “neutral” rating and a $23.00 target price on the stock. Eight investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Patterson Companies currently has an average rating of “Hold” and a consensus price target of $23.50.

ILLEGAL ACTIVITY WARNING: “Garrison Financial Corp Invests $2.18 Million in Patterson Companies, Inc. (PDCO) Stock” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://sportsperspectives.com/2019/02/12/garrison-financial-corp-invests-2-18-million-in-patterson-companies-inc-pdco-stock.html.

Patterson Companies Company Profile

Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

Featured Article: 12b-1 Fees

Want to see what other hedge funds are holding PDCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Patterson Companies, Inc. (NASDAQ:PDCO).

Institutional Ownership by Quarter for Patterson Companies (NASDAQ:PDCO)

Receive News & Ratings for Patterson Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply