8,639 Shares in Patterson Companies, Inc. (NASDAQ:PDCO) Bought by Franklin Resources Inc.

Franklin Resources Inc. purchased 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 filing with the Securities and Exchange Commission. The firm purchased 8,639 shares of the company's stock, valued at approximately $267,000.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Patterson Companies in the fourth quarter worth about $18,316,000. American Century Companies Inc. lifted its stake in Patterson Companies by 24.1% in the 4th quarter. American Century Companies Inc. now owns 2,711,030 shares of the company's stock valued at $83,662,000 after purchasing an additional 527,054 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in Patterson Companies in the fourth quarter valued at approximately $10,581,000. Equity Investment Corp grew its stake in shares of Patterson Companies by 16.6% during the fourth quarter. Equity Investment Corp now owns 2,028,964 shares of the company's stock worth $62,614,000 after buying an additional 289,295 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Patterson Companies by 65.0% during the fourth quarter. JPMorgan Chase & Co. now owns 713,048 shares of the company's stock worth $22,005,000 after buying an additional 280,893 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Patterson Companies Price Performance

NASDAQ:PDCO remained flat at $31.33 during trading hours on Thursday. The company has a 50 day moving average of $31.16 and a 200 day moving average of $27.83. Patterson Companies, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $31.79. The company has a market capitalization of $2.77 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Patterson Companies in a report on Sunday. They set a "hold" rating on the stock. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Patterson Companies presently has an average rating of "Hold" and a consensus target price of $26.57.

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.