Rowlandmiller & PARTNERS.ADV Reduces Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

Rowlandmiller & PARTNERS.ADV trimmed its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 4.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 76,903 shares of the company’s stock after selling 3,300 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Patterson Companies were worth $1,680,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Illinois Municipal Retirement Fund purchased a new position in Patterson Companies during the 1st quarter valued at about $1,339,000. UniSuper Management Pty Ltd bought a new stake in Patterson Companies during the 1st quarter valued at about $535,000. Russell Investments Group Ltd. increased its stake in Patterson Companies by 1,802.5% during the 1st quarter. Russell Investments Group Ltd. now owns 67,615 shares of the company’s stock valued at $1,870,000 after purchasing an additional 64,061 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Patterson Companies by 35.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 91,921 shares of the company’s stock valued at $2,540,000 after purchasing an additional 23,941 shares in the last quarter. Finally, Seven Eight Capital LP grew its stake in shares of Patterson Companies by 177.7% in the second quarter. Seven Eight Capital LP now owns 73,504 shares of the company’s stock worth $1,773,000 after acquiring an additional 47,032 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Patterson Companies Trading Up 1.5 %

PDCO stock opened at $21.53 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. Patterson Companies, Inc. has a twelve month low of $19.89 and a twelve month high of $32.58. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.55 and a beta of 1.02. The firm’s fifty day simple moving average is $21.88 and its two-hundred day simple moving average is $23.80.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.08). Patterson Companies had a net margin of 2.58% and a return on equity of 19.87%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the firm earned $0.40 EPS. The company’s revenue was down 2.3% on a year-over-year basis. As a group, analysts anticipate that Patterson Companies, Inc. will post 2.33 earnings per share for the current year.

Patterson Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Wednesday, October 16th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Friday, October 18th. Patterson Companies’s payout ratio is presently 56.83%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PDCO. UBS Group reduced their price target on shares of Patterson Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Bank of America dropped their price objective on shares of Patterson Companies from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. dropped their price objective on shares of Patterson Companies from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Evercore ISI dropped their price objective on shares of Patterson Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Tuesday, October 8th. Finally, Robert W. Baird lowered their price target on shares of Patterson Companies from $30.00 to $28.00 and set a “neutral” rating on the stock in a 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.30.

Patterson Companies Company Profile

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.