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.
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.
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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.
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