Patterson Companies, Inc. (NASDAQ:PDCO) CEO Sells $139,296.25 in Stock

Patterson Companies, Inc. (NASDAQ:PDCOGet Free Report) CEO Donald Zurbay sold 5,875 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $23.71, for a total transaction of $139,296.25. Following the completion of the transaction, the chief executive officer now owns 237,288 shares in the company, valued at $5,626,098.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Patterson Companies Stock Performance

NASDAQ:PDCO opened at $23.29 on Wednesday. The firm has a market cap of $2.04 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 2.23 and a beta of 1.06. Patterson Companies, Inc. has a fifty-two week low of $22.29 and a fifty-two week high of $34.53. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.75 and a current ratio of 1.33. The business has a 50 day moving average price of $24.48 and a 200-day moving average price of $26.71.

Patterson Companies (NASDAQ:PDCOGet Free Report) last released its quarterly earnings data on Tuesday, June 18th. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Patterson Companies had a net margin of 2.83% and a return on equity of 20.80%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company posted $0.84 EPS. Equities research analysts predict that Patterson Companies, Inc. will post 2.37 earnings per share for the current year.

Patterson Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Friday, July 19th. Patterson Companies’s dividend payout ratio (DPR) is presently 52.00%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PDCO. Bank of America decreased their price objective on shares of Patterson Companies from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. JPMorgan Chase & Co. decreased their price objective on shares of Patterson Companies from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. Evercore ISI cut their target price on Patterson Companies from $27.00 to $25.00 and set an “in-line” rating for the company in a research note on Tuesday. StockNews.com lowered Patterson Companies from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Finally, Morgan Stanley cut their target price on Patterson Companies from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, June 20th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.00.

Read Our Latest Stock Report on PDCO

Institutional Trading of Patterson Companies

A number of institutional investors have recently made changes to their positions in PDCO. FMR LLC raised its holdings in shares of Patterson Companies by 42.5% during the third quarter. FMR LLC now owns 173,300 shares of the company’s stock valued at $5,137,000 after acquiring an additional 51,697 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Patterson Companies during the third quarter valued at approximately $215,000. Lazard Asset Management LLC raised its holdings in shares of Patterson Companies by 443.3% during the third quarter. Lazard Asset Management LLC now owns 26,840 shares of the company’s stock valued at $794,000 after acquiring an additional 21,900 shares in the last quarter. Toroso Investments LLC raised its holdings in shares of Patterson Companies by 15.0% during the third quarter. Toroso Investments LLC now owns 53,875 shares of the company’s stock valued at $1,597,000 after acquiring an additional 7,021 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Patterson Companies by 5.6% during the third quarter. Public Employees Retirement System of Ohio now owns 170,822 shares of the company’s stock valued at $5,063,000 after acquiring an additional 9,043 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

About Patterson Companies

(Get Free Report)

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.

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

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