Federated Investors Inc. PA trimmed its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 54.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,208 shares of the company’s stock after selling 19,710 shares during the quarter. Federated Investors Inc. PA’s holdings in Patterson Companies were worth $367,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Patterson Companies by 31.3% during the second quarter. BlackRock Inc. now owns 9,003,165 shares of the company’s stock valued at $204,103,000 after buying an additional 2,146,696 shares during the last quarter. FMR LLC grew its holdings in shares of Patterson Companies by 100.5% during the second quarter. FMR LLC now owns 4,692,969 shares of the company’s stock valued at $106,389,000 after buying an additional 2,352,041 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Patterson Companies by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 2,773,689 shares of the company’s stock valued at $62,879,000 after buying an additional 124,738 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Patterson Companies by 14.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,687,216 shares of the company’s stock valued at $37,507,000 after buying an additional 211,678 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Patterson Companies by 5.1% during the first quarter. Wells Fargo & Company MN now owns 1,355,814 shares of the company’s stock valued at $30,139,000 after buying an additional 66,346 shares during the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.

PDCO opened at $24.56 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.79. Patterson Companies, Inc. has a fifty-two week low of $20.22 and a fifty-two week high of $40.36. The stock has a market cap of $2.43 billion, a P/E ratio of 14.62, a PEG ratio of 2.47 and a beta of 1.08.

Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results on Thursday, August 30th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.08). Patterson Companies had a net margin of 3.01% and a return on equity of 9.71%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. equities research analysts predict that Patterson Companies, Inc. will post 1.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, October 12th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Thursday, October 11th. Patterson Companies’s payout ratio is currently 61.90%.

A number of brokerages have recently issued reports on PDCO. BidaskClub upgraded shares of Patterson Companies from a “hold” rating to a “buy” rating in a report on Wednesday, August 22nd. Zacks Investment Research cut shares of Patterson Companies from a “buy” rating to a “sell” rating in a report on Monday, August 27th. Morgan Stanley lifted their price objective on shares of Patterson Companies from $20.00 to $21.00 and gave the company an “underweight” rating in a report on Friday, June 22nd. Evercore ISI reduced their price objective on shares of Patterson Companies from $20.00 to $18.50 and set an “underperform” rating for the company in a report on Thursday, June 21st. Finally, Barclays reduced their price objective on shares of Patterson Companies from $23.00 to $20.00 and set an “underweight” rating for the company in a report on Friday, August 31st. Six analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $26.19.

About Patterson Companies

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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Institutional Ownership by Quarter for Patterson Companies (NASDAQ:PDCO)

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