Patterson Companies, Inc. (PDCO) Position Raised by Swiss National Bank
Swiss National Bank boosted its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 0.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 304,458 shares of the company’s stock after purchasing an additional 1,500 shares during the period. Swiss National Bank owned about 317,872.21% of Patterson Companies worth $11,767,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of PDCO. Advisory Services Network LLC lifted its stake in Patterson Companies by 423.4% in the 2nd quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock valued at $118,000 after purchasing an additional 2,041 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in Patterson Companies by 15.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock valued at $140,000 after purchasing an additional 415 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in 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. Palisade Asset Management LLC acquired a new stake in Patterson Companies in the 2nd quarter valued at about $188,000. Finally, Moreno Evelyn V acquired a new stake in Patterson Companies in the 2nd quarter valued at about $202,000. Institutional investors and hedge funds own 88.73% of the company’s stock.
Several equities research analysts recently issued reports on PDCO shares. Morgan Stanley started coverage on shares of Patterson Companies in a research note on Thursday, September 21st. They issued an “equal weight” rating and a $42.00 target price for the company. Robert W. Baird reiterated a “buy” rating and issued a $44.00 target price on shares of Patterson Companies in a research note on Tuesday, September 26th. Stifel Nicolaus upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $34.00 target price for the company in a research note on Wednesday, November 15th. TheStreet downgraded shares of Patterson Companies from a “b-” rating to a “c” rating in a research note on Thursday, August 24th. Finally, UBS AG raised shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a report on Friday, August 25th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $41.64.
Patterson Companies, Inc. (NASDAQ PDCO) opened at $36.04 on Monday. Patterson Companies, Inc. has a fifty-two week low of $32.17 and a fifty-two week high of $49.26. The company has a market cap of $3,451.76, a P/E ratio of 15.88, a PEG ratio of 1.85 and a beta of 0.96. The company has a current ratio of 2.01, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72.
Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Thursday, August 24th. The company reported $0.44 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. Patterson Companies had a net margin of 2.93% and a return on equity of 15.51%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. research analysts predict that Patterson Companies, Inc. will post 2.29 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, October 12th. This represents a $1.04 annualized dividend and a dividend yield of 2.89%. Patterson Companies’s dividend payout ratio is presently 60.47%.
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In other news, CFO Ann B. Gugino sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $36.73, for a total transaction of $27,547.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by company insiders.
Patterson Companies Company Profile
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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