Toroso Investments LLC Has $948,000 Stock Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

Toroso Investments LLC raised its holdings in Patterson Companies, Inc. (NASDAQ:PDCO) by 8.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,426 shares of the company’s stock after acquiring an additional 2,796 shares during the quarter. Toroso Investments LLC’s holdings in Patterson Companies were worth $948,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. SYSTM Wealth Solutions LLC acquired a new stake in Patterson Companies during the fourth quarter worth about $485,000. Great Lakes Advisors LLC raised its stake in shares of Patterson Companies by 66.3% in the first quarter. Great Lakes Advisors LLC now owns 146,363 shares of the company’s stock valued at $3,918,000 after purchasing an additional 58,354 shares in the last quarter. Spire Wealth Management lifted its position in Patterson Companies by 28,784.6% in the first quarter. Spire Wealth Management now owns 99,652 shares of the company’s stock worth $2,668,000 after purchasing an additional 99,307 shares during the period. Mission Wealth Management LP boosted its stake in Patterson Companies by 7.1% during the first quarter. Mission Wealth Management LP now owns 34,406 shares of the company’s stock worth $921,000 after buying an additional 2,291 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in Patterson Companies by 15.6% in the first quarter. Sound Income Strategies LLC now owns 391,324 shares of the company’s stock valued at $10,476,000 after acquiring an additional 52,940 shares during the period. Institutional investors own 79.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PDCO. Piper Sandler raised their price target on shares of Patterson Companies from $35.00 to $39.00 in a report on Thursday, June 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $32.00 target price on shares of Patterson Companies in a report on Thursday, August 31st. Bank of America lifted their price target on shares of Patterson Companies from $35.00 to $40.00 in a research report on Thursday, June 22nd. StockNews.com raised shares of Patterson Companies from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Robert W. Baird lifted their price target on Patterson Companies from $31.00 to $35.00 in a research note on Thursday, June 22nd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.83.

Patterson Companies Price Performance

Shares of NASDAQ:PDCO opened at $28.28 on Tuesday. Patterson Companies, Inc. has a one year low of $23.87 and a one year high of $34.53. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 0.79. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 1.24 and a beta of 1.32. The company’s fifty day moving average price is $32.05 and its 200-day moving average price is $29.18.

Patterson Companies (NASDAQ:PDCO) last posted its earnings results on Wednesday, August 30th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Patterson Companies had a return on equity of 22.24% and a net margin of 3.28%. Patterson Companies’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. On average, equities research analysts anticipate that Patterson Companies, Inc. will post 2.5 earnings per share for the current fiscal year.

Patterson Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 3rd. Shareholders of record on Friday, October 20th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Thursday, October 19th. Patterson Companies’s dividend payout ratio (DPR) is 47.49%.

Insiders Place Their Bets

In other Patterson Companies news, CEO Donald Zurbay sold 5,620 shares of Patterson Companies stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $32.48, for a total transaction of $182,537.60. Following the completion of the transaction, the chief executive officer now directly owns 149,539 shares of the company’s stock, valued at $4,857,026.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Les B. Korsh sold 908 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $32.34, for a total value of $29,364.72. Following the transaction, the insider now directly owns 74,265 shares of the company’s stock, valued at approximately $2,401,730.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Donald Zurbay sold 5,620 shares of Patterson Companies stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $32.48, for a total value of $182,537.60. Following the sale, the chief executive officer now directly owns 149,539 shares of the company’s stock, valued at approximately $4,857,026.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,380 shares of company stock worth $496,590. Company insiders own 1.50% of the company’s stock.

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.