Biechele Royce Advisors lessened its holdings in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 251,809 shares of the company’s stock after selling 4,695 shares during the quarter. Patterson Companies accounts for about 3.6% of Biechele Royce Advisors’ investment portfolio, making the stock its 13th largest holding. Biechele Royce Advisors’ holdings in Patterson Companies were worth $4,951,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of PDCO. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Patterson Companies by 14.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,971 shares of the company’s stock valued at $117,000 after buying an additional 761 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Patterson Companies during the 4th quarter valued at approximately $126,000. Tower Research Capital LLC TRC boosted its stake in shares of Patterson Companies by 542.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,125 shares of the company’s stock valued at $150,000 after buying an additional 5,171 shares during the last quarter. Sapphire Star Partners LP purchased a new position in shares of Patterson Companies during the 3rd quarter valued at approximately $171,000. Finally, Dupont Capital Management Corp purchased a new position in shares of Patterson Companies during the 4th quarter valued at approximately $188,000.
Several equities analysts have recently commented on the company. ValuEngine cut Patterson Companies from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub upgraded Patterson Companies from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research cut Patterson Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. UBS Group assumed coverage on Patterson Companies in a research note on Thursday, January 17th. They set a “neutral” rating and a $23.00 target price for the company. Finally, Goldman Sachs Group assumed coverage on Patterson Companies in a research note on Friday, October 19th. They set a “sell” rating and a $19.00 target price for the company. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.50.
Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings data on Thursday, December 6th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Patterson Companies had a return on equity of 8.78% and a net margin of 2.80%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts predict that Patterson Companies, Inc. will post 1.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Friday, January 11th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.63%. The ex-dividend date was Thursday, January 10th. Patterson Companies’s dividend payout ratio (DPR) is presently 61.90%.
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Patterson Companies Company Profile
Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.
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