Patterson Companies, Inc. (NASDAQ:PDCO) CFO Ann B. Gugino sold 750 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $36.73, for a total value of $27,547.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Patterson Companies, Inc. (NASDAQ:PDCO) traded up 0.14% on Wednesday, reaching $36.95. The company’s stock had a trading volume of 1,438,229 shares. The stock’s 50 day moving average is $38.23 and its 200-day moving average is $42.33. The firm has a market capitalization of $3.45 billion, a PE ratio of 21.47 and a beta of 0.97. Patterson Companies, Inc. has a 52 week low of $35.93 and a 52 week high of $49.26.

Patterson Companies (NASDAQ:PDCO) last released its earnings results on Thursday, August 24th. The company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. Patterson Companies had a return on equity of 15.51% and a net margin of 2.93%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts predict that Patterson Companies, Inc. will post $2.29 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, October 12th. Patterson Companies’s dividend payout ratio (DPR) is presently 60.47%.

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Hedge funds have recently added to or reduced their stakes in the stock. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Patterson Companies by 27.8% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,300 shares of the company’s stock worth $104,000 after buying an additional 500 shares in the last quarter. Advisory Services Network LLC grew its position in Patterson Companies by 423.4% during the second quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock worth $118,000 after buying an additional 2,041 shares in the last quarter. Invictus RG acquired a new stake in Patterson Companies during the first quarter worth about $119,000. Commonwealth Bank of Australia grew its position in Patterson Companies by 15.9% during the second quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock worth $140,000 after buying an additional 415 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Patterson Companies by 4.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,576 shares of the company’s stock worth $168,000 after buying an additional 150 shares in the last quarter. 88.73% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on PDCO shares. TheStreet downgraded Patterson Companies from a “b-” rating to a “c” rating in a report on Thursday, August 24th. Credit Suisse Group reissued an “outperform” rating and issued a $50.00 price target (up previously from $45.00) on shares of Patterson Companies in a report on Thursday, July 13th. Zacks Investment Research raised Patterson Companies from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub raised Patterson Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Finally, Morgan Stanley started coverage on Patterson Companies in a report on Thursday, September 21st. They issued an “equal weight” rating and a $42.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Patterson Companies presently has an average rating of “Hold” and a consensus price target of $41.70.

Patterson Companies Company Profile

Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.

Insider Buying and Selling by Quarter for Patterson Companies (NASDAQ:PDCO)

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