Clark Estates Inc. NY Buys Shares of 139,140 Patterson Companies, Inc. (NASDAQ:PDCO)

Clark Estates Inc. NY acquired a new position in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 139,140 shares of the company's stock, valued at approximately $4,294,000. Patterson Companies makes up about 0.8% of Clark Estates Inc. NY's investment portfolio, making the stock its 18th biggest holding. Clark Estates Inc. NY owned approximately 0.16% of Patterson Companies as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Patterson Companies by 15.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company's stock valued at $55,546,000 after buying an additional 245,376 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Patterson Companies by 591.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,186 shares of the company's stock valued at $160,000 after buying an additional 4,436 shares in the last quarter. US Bancorp DE boosted its stake in Patterson Companies by 1.6% in the 4th quarter. US Bancorp DE now owns 32,767 shares of the company's stock valued at $1,011,000 after buying an additional 514 shares in the last quarter. Equity Investment Corp boosted its stake in Patterson Companies by 16.6% in the 4th quarter. Equity Investment Corp now owns 2,028,964 shares of the company's stock valued at $62,614,000 after buying an additional 289,295 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Patterson Companies by 18.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,455,729 shares of the company's stock valued at $44,924,000 after purchasing an additional 222,005 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

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Wall Street Analyst Weigh In

PDCO has been the subject of several research analyst reports. Robert W. Baird lifted their price objective on Patterson Companies from $25.00 to $31.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Mizuho initiated coverage on Patterson Companies in a research report on Wednesday, December 4th. They issued a "neutral" rating and a $23.00 price objective for the company. Piper Sandler cut their price objective on Patterson Companies from $26.00 to $24.00 and set a "neutral" rating for the company in a research report on Friday, December 6th. StockNews.com initiated coverage on Patterson Companies in a research report on Monday, March 3rd. They issued a "hold" rating for the company. Finally, Leerink Partners reiterated a "market perform" rating and issued a $31.35 price objective (up previously from $29.00) on shares of Patterson Companies in a research report on Wednesday, December 11th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Patterson Companies presently has an average rating of "Hold" and a consensus price target of $26.57.

Patterson Companies Trading Up 0.0 %

Shares of PDCO stock traded up $0.01 on Friday, reaching $31.13. 1,054,356 shares of the stock were exchanged, compared to its average volume of 1,008,496. The stock has a market cap of $2.75 billion, a PE ratio of 18.20, a P/E/G ratio of 2.71 and a beta of 0.99. Patterson Companies, Inc. has a one year low of $19.45 and a one year high of $31.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76. The stock has a 50 day moving average price of $30.98 and a 200 day moving average price of $25.67.

Patterson Companies (NASDAQ:PDCO - Get Free Report) last released its earnings results on Thursday, December 5th. The company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.02). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. Patterson Companies had a return on equity of 19.77% and a net margin of 2.37%. The company's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. Equities research analysts forecast that Patterson Companies, Inc. will post 2.25 EPS for the current fiscal year.

Insider Activity at Patterson Companies

In related news, CEO Donald Zurbay sold 1,962 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.08, for a total value of $45,282.96. Following the completion of the sale, the chief executive officer now owns 222,736 shares in the company, valued at approximately $5,140,746.88. This represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

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.