Patterson Companies, Inc. (NASDAQ:PDCO) CFO Sells $28,843.52 in Stock

Patterson Companies, Inc. (NASDAQ:PDCOGet Free Report) CFO Kevin Michael Barry sold 1,216 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $23.72, for a total value of $28,843.52. Following the transaction, the chief financial officer now owns 41,605 shares in the company, valued at approximately $986,870.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Patterson Companies Stock Down 0.7 %

Shares of Patterson Companies stock opened at $23.13 on Thursday. The business’s 50 day simple moving average is $24.44 and its 200 day simple moving average is $26.67. Patterson Companies, Inc. has a 52-week low of $22.29 and a 52-week high of $34.53. The firm has a market cap of $2.03 billion, a PE ratio of 11.57, a P/E/G ratio of 2.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.75 and a current ratio of 1.33.

Patterson Companies (NASDAQ:PDCOGet Free Report) last announced 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 firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the business posted $0.84 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. On average, analysts predict that Patterson Companies, Inc. will post 2.37 earnings per share for the current fiscal year.

Patterson Companies Announces Dividend

The business also recently declared 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 of this dividend is Friday, July 19th. This represents a $1.04 dividend on an annualized basis and a yield of 4.50%. Patterson Companies’s dividend payout ratio is 52.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PDCO shares. StockNews.com lowered Patterson Companies from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Morgan Stanley dropped their price target on Patterson Companies from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 20th. Evercore ISI dropped their price target on Patterson Companies from $27.00 to $25.00 and set an “in-line” rating on the stock in a research report on Tuesday. Bank of America dropped their price target on Patterson Companies from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. Finally, JPMorgan Chase & Co. dropped their price target on Patterson Companies from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.00.

View Our Latest Research Report on Patterson Companies

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PDCO. Norges Bank bought a new position in Patterson Companies in the fourth quarter valued at approximately $26,162,000. Vanguard Group Inc. grew its stake in Patterson Companies by 7.9% in the first quarter. Vanguard Group Inc. now owns 10,018,184 shares of the company’s stock valued at $277,003,000 after purchasing an additional 730,819 shares in the last quarter. Nordea Investment Management AB grew its stake in Patterson Companies by 25.3% in the fourth quarter. Nordea Investment Management AB now owns 2,594,944 shares of the company’s stock valued at $73,852,000 after purchasing an additional 523,226 shares in the last quarter. Private Management Group Inc. bought a new position in Patterson Companies in the first quarter valued at approximately $10,741,000. Finally, Westwood Holdings Group Inc. grew its stake in Patterson Companies by 17.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,287,553 shares of the company’s stock valued at $65,081,000 after purchasing an additional 332,593 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

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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