International Assets Investment Management LLC Buys 5,021 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

International Assets Investment Management LLC increased its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 5,021.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,121 shares of the company’s stock after acquiring an additional 5,021 shares during the period. International Assets Investment Management LLC’s holdings in Patterson Companies were worth $146,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. River Road Asset Management LLC increased its stake in shares of Patterson Companies by 1.8% during the third quarter. River Road Asset Management LLC now owns 2,692,700 shares of the company’s stock valued at $79,812,000 after purchasing an additional 46,399 shares in the last quarter. Nordea Investment Management AB increased its stake 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 valued at $73,852,000 after purchasing an additional 523,226 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Patterson Companies by 3.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,670,024 shares of the company’s stock valued at $49,500,000 after purchasing an additional 61,940 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Patterson Companies by 2.6% during the third quarter. Brown Advisory Inc. now owns 1,390,876 shares of the company’s stock valued at $41,226,000 after purchasing an additional 34,958 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of Patterson Companies by 46.2% during the third quarter. LSV Asset Management now owns 915,345 shares of the company’s stock valued at $27,131,000 after purchasing an additional 289,100 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PDCO has been the subject of a number of analyst reports. SVB Leerink initiated coverage on shares of Patterson Companies in a research note on Monday, February 26th. They set an “outperform” rating and a $36.00 target price for the company. Leerink Partnrs reiterated an “outperform” rating on shares of Patterson Companies in a report on Monday, February 26th. JPMorgan Chase & Co. cut their price target on shares of Patterson Companies from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Piper Sandler cut shares of Patterson Companies from an “overweight” rating to a “neutral” rating and cut their price target for the company from $34.00 to $28.00 in a report on Thursday, February 29th. Finally, Evercore ISI cut their price target on shares of Patterson Companies from $28.00 to $27.00 and set an “in-line” rating on the stock in a report on Friday. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $32.56.

Patterson Companies Trading Up 0.9 %

Shares of PDCO stock opened at $26.00 on Tuesday. Patterson Companies, Inc. has a 12-month low of $25.00 and a 12-month high of $34.53. The company has a current ratio of 1.43, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $26.83 and its 200 day moving average is $28.50. The stock has a market capitalization of $2.33 billion, a P/E ratio of 12.81, a P/E/G ratio of 1.35 and a beta of 1.06.

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

Patterson Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders 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 dividend yield of 4.00%. The ex-dividend date of this dividend 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.