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% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,121 shares of the company’s stock after purchasing an additional 5,021 shares during the period. International Assets Investment Management LLC’s holdings in Patterson Companies were worth $146,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PDCO. Fifth Third Bancorp boosted its holdings in shares of Patterson Companies by 54.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock valued at $36,000 after purchasing an additional 434 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Patterson Companies by 8.8% in the third quarter. HBK Sorce Advisory LLC now owns 7,091 shares of the company’s stock valued at $210,000 after buying an additional 572 shares in the last quarter. Foundry Partners LLC grew its position in Patterson Companies by 4.0% in the third quarter. Foundry Partners LLC now owns 16,407 shares of the company’s stock valued at $486,000 after acquiring an additional 627 shares during the last quarter. Values First Advisors Inc. raised its stake in Patterson Companies by 6.6% during the fourth quarter. Values First Advisors Inc. now owns 10,940 shares of the company’s stock worth $311,000 after acquiring an additional 677 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Patterson Companies by 4.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 15,532 shares of the company’s stock worth $442,000 after acquiring an additional 732 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Evercore ISI decreased 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. Leerink Partnrs reiterated an “outperform” rating on shares of Patterson Companies in a research note on Monday, February 26th. Piper Sandler lowered Patterson Companies from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $34.00 to $28.00 in a research report on Thursday, February 29th. SVB Leerink started coverage on Patterson Companies in a research note on Monday, February 26th. They issued an “outperform” rating and a $36.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their target price 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. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.56.

Patterson Companies Stock Up 0.9 %

Patterson Companies stock opened at $26.00 on Tuesday. The firm has a 50 day moving average price of $26.83 and a two-hundred day moving average price of $28.50. Patterson Companies, Inc. has a 52-week low of $25.00 and a 52-week high of $34.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 1.43. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 1.35 and a beta of 1.06.

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

Patterson Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be given a $0.26 dividend. The ex-dividend date is Thursday, April 18th. This represents a $1.04 annualized dividend and a yield of 4.00%. Patterson Companies’s payout ratio is 51.23%.

Patterson Companies Company 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.