Samalin Investment Counsel LLC Has $98,000 Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

Samalin Investment Counsel LLC grew its position in Patterson Companies, Inc. (NASDAQ:PDCOGet Rating) by 51.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,027 shares of the company’s stock after purchasing an additional 1,027 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Patterson Companies were worth $98,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Patterson Companies by 1.1% in the first quarter. Vanguard Group Inc. now owns 8,777,736 shares of the company’s stock valued at $284,135,000 after purchasing an additional 92,753 shares during the last quarter. American Century Companies Inc. grew its position in shares of Patterson Companies by 14.9% in the first quarter. American Century Companies Inc. now owns 3,232,682 shares of the company’s stock valued at $104,642,000 after purchasing an additional 418,046 shares during the last quarter. State Street Corp grew its position in shares of Patterson Companies by 0.6% in the fourth quarter. State Street Corp now owns 2,729,265 shares of the company’s stock valued at $80,104,000 after purchasing an additional 15,777 shares during the last quarter. River Road Asset Management LLC grew its position in Patterson Companies by 0.7% during the first quarter. River Road Asset Management LLC now owns 1,870,474 shares of the company’s stock worth $60,547,000 after buying an additional 13,049 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Patterson Companies by 10.0% during the fourth quarter. Geode Capital Management LLC now owns 1,739,206 shares of the company’s stock worth $51,045,000 after buying an additional 158,469 shares in the last quarter. Institutional investors and hedge funds own 82.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PDCO shares. Evercore ISI reduced their price target on Patterson Companies to $26.50 in a research report on Tuesday, September 6th. Credit Suisse Group increased their price target on Patterson Companies from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, June 30th. Piper Sandler reduced their price target on Patterson Companies from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, September 1st. The Goldman Sachs Group reduced their price target on Patterson Companies from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 6th. Finally, William Blair reissued a “market perform” rating on shares of Patterson Companies in a research report on Friday, September 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $33.75.

Patterson Companies Stock Up 2.9 %

NASDAQ PDCO opened at $27.14 on Monday. The business has a fifty day moving average price of $29.45 and a two-hundred day moving average price of $30.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.63 and a quick ratio of 0.80. Patterson Companies, Inc. has a fifty-two week low of $25.03 and a fifty-two week high of $35.29. The stock has a market capitalization of $2.63 billion, a PE ratio of 13.78, a PEG ratio of 1.47 and a beta of 1.27.

Patterson Companies (NASDAQ:PDCOGet Rating) last announced its quarterly earnings results on Thursday, September 1st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). Patterson Companies had a net margin of 3.02% and a return on equity of 20.68%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The firm’s revenue was down 5.7% on a year-over-year basis. Equities analysts expect that Patterson Companies, Inc. will post 2.28 earnings per share for the current fiscal year.

Patterson Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 5th. Stockholders of record on Friday, July 22nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Thursday, July 21st. Patterson Companies’s payout ratio is 52.79%.

Insider Activity

In other news, insider Les B. Korsh sold 4,889 shares of the stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $29.64, for a total value of $144,909.96. Following the completion of the transaction, the insider now directly owns 71,449 shares in the company, valued at approximately $2,117,748.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Les B. Korsh sold 4,889 shares of the firm’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $29.64, for a total transaction of $144,909.96. Following the completion of the transaction, the insider now directly owns 71,449 shares of the company’s stock, valued at approximately $2,117,748.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Donald Zurbay sold 10,180 shares of the firm’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $29.58, for a total value of $301,124.40. Following the transaction, the chief financial officer now directly owns 78,032 shares of the company’s stock, valued at $2,308,186.56. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

About Patterson Companies

(Get Rating)

Patterson Companies, Inc engages in 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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Institutional Ownership by Quarter for Patterson Companies (NASDAQ:PDCO)

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