Ann B. Gugino Sells 750 Shares of Patterson Companies, Inc. (PDCO) Stock
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%.
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.
Receive News & Ratings for Patterson Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.