Dimensional Fund Advisors LP Acquires 83,978 Shares of Patterson Companies, Inc. (PDCO)

Dimensional Fund Advisors LP increased its position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 926,706 shares of the company’s stock after buying an additional 83,978 shares during the period. Dimensional Fund Advisors LP’s holdings in Patterson Companies were worth $38,023,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its stake in Patterson Companies by 0.5% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,369 shares of the company’s stock worth $109,000 after buying an additional 11 shares in the last quarter. Toronto Dominion Bank increased its stake in Patterson Companies by 425.2% in the third quarter. Toronto Dominion Bank now owns 2,442 shares of the company’s stock worth $112,000 after buying an additional 1,977 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in Patterson Companies by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,702 shares of the company’s stock worth $124,000 after buying an additional 11 shares in the last quarter. Investment Counselors of Maryland LLC increased its stake in Patterson Companies by 45.6% in the third quarter. Investment Counselors of Maryland LLC now owns 2,979 shares of the company’s stock worth $137,000 after buying an additional 933 shares in the last quarter. Finally, Norinchukin Bank The increased its stake in Patterson Companies by 2.2% in the third quarter. Norinchukin Bank The now owns 4,461 shares of the company’s stock worth $205,000 after buying an additional 95 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Patterson Companies (NASDAQ:PDCO)

Shares of Patterson Companies, Inc. (NASDAQ:PDCO) opened at 44.70 on Tuesday. The stock has a market capitalization of $4.23 billion, a P/E ratio of 24.53 and a beta of 0.87. The company’s 50-day moving average is $44.38 and its 200 day moving average is $43.55. Patterson Companies, Inc. has a 12 month low of $36.46 and a 12 month high of $50.40.

Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company earned $1.40 billion during the quarter, compared to the consensus estimate of $1.43 billion. Patterson Companies had a return on equity of 17.17% and a net margin of 3.69%. Patterson Companies’s revenue was down .2% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. Equities research analysts predict that Patterson Companies, Inc. will post $2.30 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, April 11th. This is an increase from Patterson Companies’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 2.33%. Patterson Companies’s dividend payout ratio (DPR) is currently 44.65%.

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A number of analysts have recently weighed in on PDCO shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $39.00 target price on shares of Patterson Companies in a research report on Monday, January 30th. Deutsche Bank AG started coverage on shares of Patterson Companies in a research report on Wednesday, March 15th. They issued a “hold” rating and a $45.00 target price on the stock. Evercore ISI downgraded shares of Patterson Companies from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $45.00 target price on shares of Patterson Companies in a research report on Wednesday, March 1st. Finally, Zacks Investment Research raised shares of Patterson Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Patterson Companies presently has a consensus rating of “Hold” and a consensus price target of $42.71.

In related news, Director James W. Wiltz sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $44.52, for a total value of $222,600.00. Following the completion of the sale, the director now directly owns 51,735 shares in the company, valued at $2,303,242.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ellen A. Rudnick sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $45.70, for a total value of $137,100.00. Following the completion of the sale, the director now owns 42,235 shares of the company’s stock, valued at $1,930,139.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,000 shares of company stock valued at $2,627,800. 0.46% of the stock is owned by corporate insiders.

Patterson Companies 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.

5 Day Chart for NASDAQ:PDCO

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