Nationwide Fund Advisors Has $3.96 Million Stake in Patterson Companies, Inc. (PDCO)
Nationwide Fund Advisors grew its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,243 shares of the company’s stock after purchasing an additional 253 shares during the quarter. Nationwide Fund Advisors owned approximately 0.09% of Patterson Companies worth $3,955,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Captrust Financial Advisors bought a new stake in shares of Patterson Companies in the 2nd quarter valued at $454,000. Norinchukin Bank The boosted its stake in shares of Patterson Companies by 5.9% in the 2nd quarter. Norinchukin Bank The now owns 5,662 shares of the company’s stock valued at $266,000 after purchasing an additional 317 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Patterson Companies by 11.6% in the 2nd quarter. Teachers Advisors LLC now owns 123,091 shares of the company’s stock valued at $5,779,000 after purchasing an additional 12,770 shares during the last quarter. Summit Global Investments boosted its stake in shares of Patterson Companies by 6.4% in the 2nd quarter. Summit Global Investments now owns 101,980 shares of the company’s stock valued at $4,788,000 after purchasing an additional 6,143 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Patterson Companies by 4.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,576 shares of the company’s stock valued at $168,000 after purchasing an additional 150 shares during the last quarter. 88.73% of the stock is currently owned by institutional investors.
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Patterson Companies, Inc. (NASDAQ:PDCO) opened at 37.87 on Monday. The firm has a market cap of $3.54 billion, a P/E ratio of 22.00 and a beta of 0.97. Patterson Companies, Inc. has a 52-week low of $35.93 and a 52-week high of $49.26. The company’s 50 day moving average is $38.19 and its 200-day moving average is $42.50.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Patterson Companies had a net margin of 2.93% and a return on equity of 15.51%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. On average, equities analysts predict that Patterson Companies, Inc. will post $2.30 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.75%. The ex-dividend date is Thursday, October 12th. Patterson Companies’s dividend payout ratio (DPR) is currently 60.47%.
A number of equities research analysts have recently commented on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Patterson Companies in a research note on Tuesday, September 26th. Stifel Nicolaus reduced their price objective on shares of Patterson Companies from $39.00 to $34.00 and set a “sell” rating on the stock in a research note on Tuesday, August 15th. Cleveland Research reiterated a “hold” rating on shares of Patterson Companies in a research report on Tuesday, August 22nd. TheStreet downgraded shares of Patterson Companies from a “b-” rating to a “c” rating in a research report on Thursday, August 24th. Finally, Morgan Stanley assumed coverage on shares of Patterson Companies in a research report on Thursday, September 21st. They set an “equal weight” rating and a $42.00 target price on the stock. Five analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Patterson Companies currently has an average rating of “Hold” and an average target price of $41.70.
In related news, insider Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $42.40, for a total value of $31,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.46% of the company’s stock.
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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