Patterson Companies, Inc. (NASDAQ:PDCO) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in Patterson Companies, Inc. (NASDAQ:PDCO – Get Rating) by 2.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,117,985 shares of the company’s stock after buying an additional 100,416 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Patterson Companies were worth $115,428,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PDCO. Abundance Wealth Counselors raised its stake in shares of Patterson Companies by 15.2% during the fourth quarter. Abundance Wealth Counselors now owns 20,065 shares of the company’s stock valued at $562,000 after purchasing an additional 2,641 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Patterson Companies by 45.9% in the 4th quarter. First Eagle Investment Management LLC now owns 193,851 shares of the company’s stock worth $5,434,000 after purchasing an additional 61,010 shares in the last quarter. Nicola Wealth Management LTD. increased its stake in Patterson Companies by 39.1% in the 4th quarter. Nicola Wealth Management LTD. now owns 49,800 shares of the company’s stock worth $1,891,000 after purchasing an additional 14,000 shares in the last quarter. Foster & Motley Inc. increased its stake in Patterson Companies by 21.5% in the 4th quarter. Foster & Motley Inc. now owns 71,711 shares of the company’s stock worth $2,010,000 after purchasing an additional 12,670 shares in the last quarter. Finally, HBK Sorce Advisory LLC purchased a new position in Patterson Companies in the 4th quarter worth about $280,000. 81.09% of the stock is currently owned by institutional investors.

Patterson Companies Stock Down 1.1 %

Shares of Patterson Companies stock opened at $26.99 on Friday. The stock has a market capitalization of $2.64 billion, a P/E ratio of 13.50, a PEG ratio of 1.62 and a beta of 1.24. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average price of $26.61 and a two-hundred day moving average price of $27.84. Patterson Companies, Inc. has a 12-month low of $23.87 and a 12-month high of $31.92.

Patterson Companies (NASDAQ:PDCO – Get Rating) last announced its earnings results on Thursday, March 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Patterson Companies had a return on equity of 21.30% and a net margin of 3.08%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company’s revenue was up .3% on a year-over-year basis. Equities analysts expect that Patterson Companies, Inc. will post 2.28 earnings per share for the current year.

Patterson Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 5th. Investors of record on Friday, April 21st were paid a $0.26 dividend. The ex-dividend date was Thursday, April 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.85%. Patterson Companies’s payout ratio is 52.00%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PDCO. Piper Sandler lifted their target price on Patterson Companies from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, February 6th. StockNews.com began coverage on Patterson Companies in a research note on Thursday. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.80.

About Patterson Companies

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Patterson Cos., Inc provides products, technologies, services, and business solutions to the dental and animal health markets. It operates through the following segments: Dental, Animal Health, and Corporate. The Dental segment provides consumable dental products, equipment and software, turnkey digital solutions, and value-added services to dentists, dental laboratories, institutions, and other healthcare professionals.