Strs Ohio Has $1 Million Stock Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

Strs Ohio increased its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,300 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Strs Ohio’s holdings in Patterson Companies were worth $1,004,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in Patterson Companies by 25.3% during the 4th quarter. Nordea Investment Management AB now owns 2,594,944 shares of the company’s stock worth $73,852,000 after purchasing an additional 523,226 shares in the last quarter. Sound Income Strategies LLC increased its position in Patterson Companies by 22.2% during the 4th quarter. Sound Income Strategies LLC now owns 561,445 shares of the company’s stock worth $15,973,000 after purchasing an additional 101,860 shares in the last quarter. AQR Capital Management LLC increased its position in Patterson Companies by 8.3% during the 3rd quarter. AQR Capital Management LLC now owns 748,961 shares of the company’s stock worth $22,117,000 after purchasing an additional 57,550 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Patterson Companies during the 3rd quarter worth approximately $1,765,000. Finally, FMR LLC increased its position in Patterson Companies by 42.5% during the 3rd quarter. FMR LLC now owns 173,300 shares of the company’s stock worth $5,137,000 after purchasing an additional 51,697 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Leerink Partnrs restated an “outperform” rating on shares of Patterson Companies in a research report on Monday, February 26th. Piper Sandler cut shares of Patterson Companies from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $34.00 to $28.00 in a research report on Thursday, February 29th. JPMorgan Chase & Co. decreased their price target on shares of Patterson Companies from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. Finally, SVB Leerink assumed coverage on shares of Patterson Companies in a research report on Monday, February 26th. They issued an “outperform” rating and a $36.00 price target for the company. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $33.11.

Patterson Companies Trading Up 0.2 %

NASDAQ:PDCO opened at $25.97 on Wednesday. The firm’s fifty day moving average is $27.03 and its 200-day moving average is $28.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 1.43. Patterson Companies, Inc. has a 52 week low of $25.00 and a 52 week high of $34.53. The firm has a market cap of $2.33 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.37 and a beta of 1.06.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. Patterson Companies had a net margin of 2.95% and a return on equity of 20.98%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 earnings per share. Equities analysts expect that Patterson Companies, Inc. will post 2.32 earnings per share for the current year.

Patterson Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.00%. The ex-dividend date is Thursday, April 18th. Patterson Companies’s dividend payout ratio is presently 51.23%.

Patterson Companies Profile

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.