Patterson Companies, Inc. (NASDAQ:PDCO) CEO Sells $45,282.96 in Stock

Patterson Companies, Inc. (NASDAQ:PDCO) CEO Donald Zurbay sold 1,962 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.08, for a total transaction of $45,282.96. Following the transaction, the chief executive officer now directly owns 222,736 shares in the company, valued at approximately $5,140,746.88. The trade was a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Patterson Companies Trading Up 0.3 %

Shares of NASDAQ PDCO traded up $0.08 during trading on Monday, reaching $23.00. The stock had a trading volume of 988,684 shares, compared to its average volume of 956,326. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. The business’s 50-day moving average price is $21.02 and its 200-day moving average price is $22.78. The company has a market cap of $2.03 billion, a P/E ratio of 13.45, a PEG ratio of 1.69 and a beta of 1.00. Patterson Companies, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $30.68.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.02). Patterson Companies had a net margin of 2.37% and a return on equity of 19.77%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. On average, equities research analysts predict that Patterson Companies, Inc. will post 2.29 EPS for the current fiscal year.

Patterson Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Wednesday, October 16th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend was Friday, October 18th. Patterson Companies’s dividend payout ratio (DPR) is 60.82%.

Analyst Ratings Changes

PDCO has been the topic of a number of recent analyst reports. Mizuho began coverage on shares of Patterson Companies in a report on Wednesday, December 4th. They set a “neutral” rating and a $23.00 price target on the stock. Bank of America lowered their price objective on Patterson Companies from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Stifel Nicolaus decreased their price target on shares of Patterson Companies from $25.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday. UBS Group cut their price objective on Patterson Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. decreased their price objective on Patterson Companies from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Nine 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 stock has a consensus rating of “Hold” and an average target price of $26.10.

Institutional Trading of Patterson Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LRI Investments LLC grew its stake in shares of Patterson Companies by 201.2% in the second quarter. LRI Investments LLC now owns 1,262 shares of the company’s stock worth $30,000 after acquiring an additional 843 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Patterson Companies during the 2nd quarter valued at $41,000. Family Firm Inc. acquired a new position in shares of Patterson Companies during the 2nd quarter worth about $45,000. Meeder Asset Management Inc. acquired a new stake in Patterson Companies in the second quarter worth $45,000. Finally, International Assets Investment Management LLC grew its stake in Patterson Companies by 2,084.0% in the third quarter. International Assets Investment Management LLC now owns 2,184 shares of the company’s stock valued at $48,000 after acquiring an additional 2,084 shares during the period. 85.43% of the stock is currently owned by institutional investors.

About Patterson Companies

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.