Mission Wealth Management LP boosted its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 4.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,227 shares of the company’s stock after buying an additional 536 shares during the period. Mission Wealth Management LP’s holdings in Patterson Companies were worth $295,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Macquarie Group Ltd. grew its stake in shares of Patterson Companies by 26.7% in the second quarter. Macquarie Group Ltd. now owns 4,307 shares of the company’s stock valued at $95,000 after buying an additional 907 shares in the last quarter. AJO LP acquired a new stake in shares of Patterson Companies during the second quarter worth $97,000. Assetmark Inc. acquired a new stake in shares of Patterson Companies during the second quarter worth $99,000. Brandywine Oak Private Wealth LLC acquired a new stake in shares of Patterson Companies during the second quarter worth $201,000. Finally, IMS Capital Management acquired a new stake in shares of Patterson Companies during the second quarter worth $213,000. Hedge funds and other institutional investors own 89.51% of the company’s stock.

In other Patterson Companies news, VP Les B. Korsh sold 3,111 shares of Patterson Companies stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $25.08, for a total value of $78,023.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

PDCO stock opened at $27.47 on Friday. The company has a market cap of $2.65 billion, a PE ratio of -4.36, a price-to-earnings-growth ratio of 1.71 and a beta of 1.64. The business has a 50-day simple moving average of $25.28 and a 200 day simple moving average of $21.65. Patterson Companies, Inc. has a 52 week low of $12.93 and a 52 week high of $30.38. The company has a quick ratio of 0.78, a current ratio of 1.49 and a debt-to-equity ratio of 0.69.

Patterson Companies (NASDAQ:PDCO) last released its earnings results on Thursday, September 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.09. Patterson Companies had a positive return on equity of 13.30% and a negative net margin of 10.99%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business posted $0.27 earnings per share. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, analysts anticipate that Patterson Companies, Inc. will post 1.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Thursday, October 15th. Patterson Companies’s dividend payout ratio is presently 67.10%.

A number of equities research analysts have recently weighed in on the company. Goldman Sachs Group raised Patterson Companies from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $11.00 to $21.00 in a report on Thursday, June 25th. JPMorgan Chase & Co. lifted their target price on Patterson Companies from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Zacks Investment Research downgraded Patterson Companies from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a report on Wednesday, August 26th. ValuEngine downgraded Patterson Companies from a “hold” rating to a “sell” rating in a report on Thursday, September 3rd. Finally, BidaskClub raised Patterson Companies from a “sell” rating to a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.63.

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 three segments; Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; technology solutions, such as practice management software and e-commerce solutions; 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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