Patterson Companies, Inc. (NASDAQ:PDCO) Shares Bought by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC raised its position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 0.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 748,546 shares of the company’s stock after purchasing an additional 2,299 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.79% of Patterson Companies worth $16,356,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of PDCO. Enlightenment Research LLC bought a new position in Patterson Companies in the fourth quarter worth about $28,000. Financial Gravity Wealth Inc. acquired a new position in shares of Patterson Companies during the first quarter valued at about $49,000. Royce & Associates LP increased its holdings in Patterson Companies by 34.4% in the 1st quarter. Royce & Associates LP now owns 2,553 shares of the company’s stock worth $56,000 after buying an additional 653 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Patterson Companies in the 1st quarter worth approximately $70,000. Finally, Royal London Asset Management Ltd. acquired a new position in Patterson Companies in the 1st quarter worth approximately $72,000. 93.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:PDCO traded down $0.75 during midday trading on Friday, reaching $22.90. 1,929,835 shares of the company’s stock were exchanged, compared to its average volume of 890,419. The stock has a 50 day moving average price of $22.38. Patterson Companies, Inc. has a fifty-two week low of $18.94 and a fifty-two week high of $26.60. The company has a market capitalization of $2.37 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 2.94 and a beta of 1.27. The company has a current ratio of 1.80, a quick ratio of 0.89 and a debt-to-equity ratio of 0.50.

Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Thursday, June 27th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Patterson Companies had a net margin of 1.38% and a return on equity of 8.50%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. On average, analysts expect that Patterson Companies, Inc. will post 1.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Thursday, July 11th. Patterson Companies’s payout ratio is presently 61.90%.

Several equities research analysts have commented on the company. ValuEngine upgraded Patterson Companies from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. BidaskClub lowered Patterson Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. UBS Group set a $24.00 target price on Patterson Companies and gave the company a “hold” rating in a research report on Tuesday. Guggenheim initiated coverage on Patterson Companies in a report on Wednesday, April 17th. They issued a “neutral” rating and a $23.00 price objective on the stock. Finally, Zacks Investment Research upgraded Patterson Companies from a “sell” rating to a “hold” rating and set a $23.00 price objective on the stock in a report on Monday, June 10th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Patterson Companies has a consensus rating of “Hold” and a consensus target price of $21.63.

Patterson Companies 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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Institutional Ownership by Quarter for Patterson Companies (NASDAQ:PDCO)

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