Collective Family Office LLC Has $221,000 Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Collective Family Office LLC cut its holdings in shares of Patterson Companies, Inc. (NASDAQ:PDCO – Get Rating) by 46.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,897 shares of the company’s stock after selling 6,728 shares during the period. Collective Family Office LLC’s holdings in Patterson Companies were worth $221,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PDCO. Rockefeller Capital Management L.P. boosted its position in Patterson Companies by 74.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,120 shares of the company’s stock worth $26,000 after buying an additional 478 shares during the period. National Bank of Canada FI boosted its position in Patterson Companies by 60.0% during the 3rd quarter. National Bank of Canada FI now owns 2,000 shares of the company’s stock worth $42,000 after buying an additional 750 shares during the period. Captrust Financial Advisors boosted its position in Patterson Companies by 28.7% during the 2nd quarter. Captrust Financial Advisors now owns 1,815 shares of the company’s stock worth $55,000 after buying an additional 405 shares during the period. Ronald Blue Trust Inc. bought a new position in Patterson Companies during the 2nd quarter worth approximately $58,000. Finally, Neo Ivy Capital Management bought a new position in Patterson Companies during the 2nd quarter worth approximately $131,000. 81.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on PDCO. Piper Sandler raised their price target on shares of Patterson Companies from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, February 6th. Evercore ISI raised their price target on shares of Patterson Companies to $30.00 in a report on Friday, December 2nd. Credit Suisse Group raised their price target on shares of Patterson Companies to $39.00 and gave the stock an “outperform” rating in a report on Monday, November 28th. TheStreet upgraded shares of Patterson Companies from a “c+” rating to a “b” rating in a report on Thursday, December 1st. Finally, StockNews.com began coverage on shares of Patterson Companies in a report on Thursday. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.17.

Patterson Companies Stock Performance

NASDAQ:PDCO opened at $25.36 on Friday. The company has a fifty day moving average of $28.45 and a 200-day moving average of $27.63. The firm has a market capitalization of $2.48 billion, a P/E ratio of 12.68, a P/E/G ratio of 1.56 and a beta of 1.29. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 0.41. Patterson Companies, Inc. has a twelve month low of $23.87 and a twelve month high of $35.29.

Patterson Companies (NASDAQ:PDCO – Get Rating) last released its quarterly earnings data on Thursday, March 2nd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. Patterson Companies had a net margin of 3.08% and a return on equity of 21.30%. Patterson Companies’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. As a group, sell-side analysts anticipate that Patterson Companies, Inc. will post 2.28 EPS for the current year.

Patterson Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 5th. Shareholders of record on Friday, April 21st will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, April 20th. This represents a $1.04 dividend on an annualized basis and a yield of 4.10%. Patterson Companies’s dividend payout ratio (DPR) is presently 52.00%.

Patterson Companies Company Profile

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Patterson Cos., Inc provides products, technologies, services, and business solutions to the dental and animal health markets. It operates through the following segments: Dental, Animal Health, and Corporate. The Dental segment provides consumable dental products, equipment and software, turnkey digital solutions, and value-added services to dentists, dental laboratories, institutions, and other healthcare professionals.