Robert W. Baird Analysts Give Patterson Companies (NASDAQ:PDCO) a $35.00 Price Target

Robert W. Baird set a $35.00 target price on Patterson Companies (NASDAQ:PDCOGet Rating) in a research note released on Monday morning, Stock Target Advisor reports.

A number of other equities analysts have also recently weighed in on the company. StockNews.com assumed coverage on Patterson Companies in a report on Thursday, March 31st. They set a buy rating on the stock. Morgan Stanley raised their price objective on Patterson Companies from $32.00 to $36.00 and gave the company an equal weight rating in a report on Thursday, April 14th.

NASDAQ:PDCO opened at $28.27 on Monday. The business’s 50-day moving average price is $31.08 and its two-hundred day moving average price is $30.35. Patterson Companies has a twelve month low of $26.51 and a twelve month high of $35.29. The stock has a market cap of $2.76 billion, a P/E ratio of 16.44, a PEG ratio of 1.26 and a beta of 1.35. The company has a quick ratio of 0.81, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 5th. Investors of record on Friday, July 22nd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, July 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.68%. Patterson Companies’s dividend payout ratio is 60.47%.

In related news, insider Les B. Korsh sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of $34.96, for a total transaction of $209,760.00. Following the transaction, the insider now directly owns 77,486 shares in the company, valued at approximately $2,708,910.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vise Technologies Inc. bought a new position in Patterson Companies during the 1st quarter worth approximately $265,000. Bank of America Corp DE grew its position in shares of Patterson Companies by 8.6% in the 1st quarter. Bank of America Corp DE now owns 1,344,654 shares of the company’s stock worth $43,526,000 after buying an additional 106,393 shares during the last quarter. Verity Asset Management Inc. grew its position in shares of Patterson Companies by 7.4% in the 1st quarter. Verity Asset Management Inc. now owns 8,342 shares of the company’s stock worth $271,000 after buying an additional 578 shares during the last quarter. Toroso Investments LLC grew its position in shares of Patterson Companies by 8.7% in the 1st quarter. Toroso Investments LLC now owns 11,455 shares of the company’s stock worth $371,000 after buying an additional 916 shares during the last quarter. Finally, Keeley Teton Advisors LLC bought a new stake in shares of Patterson Companies in the 1st quarter worth approximately $1,146,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Patterson Companies Company Profile (Get Rating)

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, 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.

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