23,275 Shares in Patterson Companies, Inc. (PDCO) Purchased by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. acquired a new stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,275 shares of the company’s stock, valued at approximately $900,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC grew its position in Patterson Companies by 423.4% during the second 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 in the last quarter. Commonwealth Bank of Australia grew its position in Patterson Companies by 15.9% in the second quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock worth $140,000 after acquiring an additional 415 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Patterson Companies by 4.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,576 shares of the company’s stock worth $168,000 after acquiring an additional 150 shares in the last quarter. Palisade Asset Management LLC bought a new stake in Patterson Companies in the second quarter worth approximately $188,000. Finally, Moreno Evelyn V bought a new stake in Patterson Companies in the second quarter worth approximately $202,000. 88.79% of the stock is currently owned by hedge funds and other institutional investors.
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PDCO has been the subject of several recent research reports. Robert W. Baird reissued a “buy” rating and issued a $44.00 target price on shares of Patterson Companies in a research report on Tuesday, September 26th. TheStreet downgraded shares of Patterson Companies from a “b-” rating to a “c” rating in a research report on Thursday, August 24th. Morgan Stanley initiated coverage on shares of Patterson Companies in a research report on Thursday, September 21st. They issued an “equal weight” rating and a $42.00 target price for the company. UBS AG raised shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 target price for the company in a research report on Friday, August 25th. Finally, Cleveland Research reissued a “hold” rating on shares of Patterson Companies in a research report on Tuesday, August 22nd. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Patterson Companies presently has an average rating of “Hold” and a consensus target price of $41.64.
Shares of Patterson Companies, Inc. (NASDAQ PDCO) opened at $33.38 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.01 and a quick ratio of 1.15. Patterson Companies, Inc. has a one year low of $33.18 and a one year high of $49.26. The firm has a market cap of $3,197.00, a price-to-earnings ratio of 14.70, a PEG ratio of 1.72 and a beta of 0.96.
Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.44 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.44. Patterson Companies had a net margin of 2.93% and a return on equity of 15.51%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the company earned $0.51 earnings per share. Patterson Companies’s revenue for the quarter was down 1.4% on a year-over-year basis. research analysts anticipate that Patterson Companies, Inc. will post 2.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Thursday, October 12th. Patterson Companies’s payout ratio is 60.47%.
In other news, CFO Ann B. Gugino sold 750 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $36.73, for a total value of $27,547.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is currently owned by 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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