Legal & General Group Plc Increases Holdings in Patterson Companies, Inc. (PDCO)

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Legal & General Group Plc boosted its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,521 shares of the company’s stock after purchasing an additional 1,892 shares during the period. Legal & General Group Plc owned about 0.12% of Patterson Companies worth $2,173,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Retirement Systems of Alabama boosted its position in Patterson Companies by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 107,108 shares of the company’s stock worth $2,106,000 after purchasing an additional 464 shares during the last quarter. Investors Research Corp boosted its position in Patterson Companies by 1.8% in the fourth quarter. Investors Research Corp now owns 28,200 shares of the company’s stock worth $554,000 after purchasing an additional 500 shares during the last quarter. Virginia Retirement Systems ET AL boosted its position in Patterson Companies by 3.4% in the fourth quarter. Virginia Retirement Systems ET AL now owns 15,300 shares of the company’s stock worth $301,000 after purchasing an additional 500 shares during the last quarter. Arizona State Retirement System boosted its position in Patterson Companies by 1.2% in the fourth quarter. Arizona State Retirement System now owns 59,292 shares of the company’s stock worth $1,166,000 after purchasing an additional 698 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Patterson Companies by 14.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,971 shares of the company’s stock worth $117,000 after purchasing an additional 761 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on PDCO shares. BidaskClub cut Patterson Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. Zacks Investment Research raised Patterson Companies from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. ValuEngine raised Patterson Companies from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Guggenheim started coverage on Patterson Companies in a research report on Wednesday. They set a “neutral” rating and a $23.00 price objective on the stock. Finally, UBS Group started coverage on Patterson Companies in a research report on Thursday, January 17th. They set a “neutral” rating and a $23.00 price objective on the stock. Eight equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.86.

Shares of PDCO opened at $21.34 on Friday. The company has a market cap of $2.00 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 2.75 and a beta of 1.34. Patterson Companies, Inc. has a 12-month low of $18.94 and a 12-month high of $26.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.89 and a current ratio of 1.80.

Patterson Companies (NASDAQ:PDCO) last issued its earnings results on Thursday, February 28th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Patterson Companies had a return on equity of 8.50% and a net margin of 1.38%. During the same quarter last year, the company earned $0.43 EPS. On average, equities analysts expect that Patterson Companies, Inc. will post 1.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.87%. The ex-dividend date is Thursday, April 11th. Patterson Companies’s dividend payout ratio (DPR) is presently 61.90%.

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About Patterson Companies

Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

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

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