Oppenheimer Asset Management Inc. raised its holdings in Patterson Companies, Inc. (NASDAQ:PDCO) by 19.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,790 shares of the company’s stock after purchasing an additional 4,593 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Patterson Companies were worth $566,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Patterson Companies by 14.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,971 shares of the company’s stock valued at $117,000 after purchasing an additional 761 shares during the period. Quantamental Technologies LLC acquired a new position in Patterson Companies in the fourth quarter valued at $126,000. Tower Research Capital LLC TRC increased its stake in Patterson Companies by 542.0% in the third quarter. Tower Research Capital LLC TRC now owns 6,125 shares of the company’s stock valued at $150,000 after purchasing an additional 5,171 shares during the period. Sapphire Star Partners LP acquired a new position in Patterson Companies in the third quarter valued at $171,000. Finally, MML Investors Services LLC acquired a new position in Patterson Companies in the third quarter valued at $250,000.
A number of research firms have commented on PDCO. BidaskClub upgraded shares of Patterson Companies from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research lowered shares of Patterson Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. ValuEngine lowered shares of Patterson Companies from a “buy” rating to a “hold” rating in a research note on Thursday, December 6th. UBS Group started coverage on shares of Patterson Companies in a research note on Thursday, January 17th. They set a “neutral” rating and a $23.00 price target on the stock. Finally, Goldman Sachs Group started coverage on shares of Patterson Companies in a research note on Friday, October 19th. They set a “sell” rating and a $19.00 price target on the stock. Eight research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Patterson Companies has an average rating of “Hold” and an average target price of $23.50.
Shares of Patterson Companies stock opened at $22.47 on Tuesday. Patterson Companies, Inc. has a 52-week low of $18.94 and a 52-week high of $34.19. The company has a current ratio of 1.76, a quick ratio of 0.94 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.10 billion, a PE ratio of 13.38, a PEG ratio of 2.76 and a beta of 1.35.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings data on Thursday, December 6th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.42 billion. Patterson Companies had a net margin of 2.80% and a return on equity of 8.78%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Equities analysts anticipate that Patterson Companies, Inc. will post 1.43 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Friday, January 11th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date was Thursday, January 10th. Patterson Companies’s dividend payout ratio is currently 61.90%.
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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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