Eaton Vance Management continued to hold its position in Patterson Cos. (NASDAQ:PDCO) during the second quarter, Holdings Channel reports. The firm owned 24,123 shares of the company’s stock at the end of the second quarter. Eaton Vance Management’s holdings in Patterson Cos. were worth $1,155,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its stake in shares of Patterson Cos. by 0.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,358 shares of the company’s stock worth $113,000 after buying an additional 12 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Patterson Cos. by 0.3% in the second quarter. State of Alaska Department of Revenue now owns 19,811 shares of the company’s stock worth $948,000 after buying an additional 54 shares during the last quarter. State Treasurer State of Michigan increased its stake in shares of Patterson Cos. by 0.3% in the second quarter. State Treasurer State of Michigan now owns 28,890 shares of the company’s stock worth $1,384,000 after buying an additional 100 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Patterson Cos. by 1.3% in the second quarter. CIBC Asset Management Inc now owns 14,198 shares of the company’s stock worth $680,000 after buying an additional 183 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Patterson Cos. by 2.1% in the second quarter. Capstone Asset Management Co. now owns 13,673 shares of the company’s stock worth $655,000 after buying an additional 280 shares during the last quarter. 77.29% of the stock is currently owned by institutional investors and hedge funds.
Patterson Cos. (NASDAQ:PDCO) traded down 1.07% during midday trading on Monday, reaching $46.18. The company’s stock had a trading volume of 232,782 shares. Patterson Cos. has a 1-year low of $38.51 and a 1-year high of $50.40. The firm has a market capitalization of $4.41 billion, a PE ratio of 22.77 and a beta of 0.88. The stock’s 50-day moving average price is $46.24 and its 200 day moving average price is $46.52.
Patterson Cos. (NASDAQ:PDCO) last posted its quarterly earnings data on Thursday, August 25th. The company reported $0.51 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.51. Patterson Cos. had a net margin of 3.52% and a return on equity of 17.42%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the firm posted $0.47 EPS. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Equities analysts anticipate that Patterson Cos. will post $2.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, October 12th. Patterson Cos.’s dividend payout ratio is currently 47.29%.
A number of equities research analysts recently weighed in on the company. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Patterson Cos. in a research report on Tuesday, May 31st. Zacks Investment Research downgraded Patterson Cos. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 16th. Off Wall Street assumed coverage on Patterson Cos. in a research report on Monday, August 8th. They set a “sell” rating on the stock. TheStreet downgraded Patterson Cos. from a “buy” rating to a “hold” rating in a research report on Thursday, September 1st. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $49.00 price objective (down previously from $51.00) on shares of Patterson Cos. in a research report on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $48.40.
In other news, insider Ann B. Gugino sold 750 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $46.22, for a total value of $34,665.00. Following the sale, the insider now directly owns 40,153 shares of the company’s stock, valued at approximately $1,855,871.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by insiders.
Patterson Cos. Company Profile
Patterson Companies, Inc is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America.
Want to see what other hedge funds are holding PDCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Patterson Cos. (NASDAQ:PDCO).
Receive News & Ratings for Patterson Cos. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Cos. and related companies with MarketBeat.com's FREE daily email newsletter.