Donald Zurbay Sells 5,875 Shares of Patterson Companies, Inc. (NASDAQ:PDCO) Stock

Patterson Companies, Inc. (NASDAQ:PDCOGet Free Report) CEO Donald Zurbay sold 5,875 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $23.71, for a total value of $139,296.25. Following the sale, the chief executive officer now owns 237,288 shares of the company’s stock, valued at approximately $5,626,098.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Patterson Companies Stock Down 0.7 %

NASDAQ:PDCO opened at $23.13 on Thursday. Patterson Companies, Inc. has a 1 year low of $22.29 and a 1 year high of $34.53. The company has a current ratio of 1.33, a quick ratio of 0.75 and a debt-to-equity ratio of 0.33. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 2.23 and a beta of 1.06. The stock has a 50-day moving average price of $24.44 and a two-hundred day moving average price of $26.67.

Patterson Companies (NASDAQ:PDCOGet Free Report) last posted its earnings results on Tuesday, June 18th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). Patterson Companies had a net margin of 2.83% and a return on equity of 20.80%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. As a group, equities analysts expect that Patterson Companies, Inc. will post 2.37 earnings per share for the current year.

Patterson Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be paid a $0.26 dividend. The ex-dividend date is Friday, July 19th. This represents a $1.04 dividend on an annualized basis and a yield of 4.50%. Patterson Companies’s payout ratio is 52.00%.

Analysts Set New Price Targets

PDCO has been the subject of a number of recent research reports. Bank of America dropped their target price on Patterson Companies from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, May 20th. Morgan Stanley dropped their target price on Patterson Companies from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, June 20th. Evercore ISI decreased their price objective on Patterson Companies from $27.00 to $25.00 and set an “in-line” rating for the company in a research note on Tuesday. StockNews.com cut Patterson Companies from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Finally, JPMorgan Chase & Co. decreased their price objective on Patterson Companies from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Get Our Latest Report on Patterson Companies

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PDCO. Nordea Investment Management AB boosted its position in shares of Patterson Companies by 25.3% during the fourth quarter. Nordea Investment Management AB now owns 2,594,944 shares of the company’s stock worth $73,852,000 after buying an additional 523,226 shares during the period. Norges Bank acquired a new position in shares of Patterson Companies during the fourth quarter worth about $26,162,000. Sound Income Strategies LLC boosted its position in shares of Patterson Companies by 10.3% during the first quarter. Sound Income Strategies LLC now owns 619,529 shares of the company’s stock worth $17,130,000 after buying an additional 58,084 shares during the period. Seven Eight Capital LP acquired a new position in shares of Patterson Companies during the fourth quarter worth about $1,233,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Patterson Companies by 2.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,792,138 shares of the company’s stock worth $49,553,000 after buying an additional 43,980 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Patterson Companies Company Profile

(Get Free Report)

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.

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Insider Buying and Selling by Quarter for Patterson Companies (NASDAQ:PDCO)

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