Northern Trust Corp Buys 64,910 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

Northern Trust Corp grew its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,212,411 shares of the company’s stock after buying an additional 64,910 shares during the period. Northern Trust Corp owned approximately 1.37% of Patterson Companies worth $37,415,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Harbour Investments Inc. bought a new position in Patterson Companies in the fourth quarter valued at $26,000. Huntington National Bank increased its position in shares of Patterson Companies by 54.0% during the 4th quarter. Huntington National Bank now owns 1,115 shares of the company’s stock valued at $34,000 after purchasing an additional 391 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Patterson Companies by 103.0% during the 4th quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock valued at $41,000 after purchasing an additional 680 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Patterson Companies by 501.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,883 shares of the company’s stock valued at $58,000 after buying an additional 1,570 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position in Patterson Companies by 779.7% in the 4th quarter. Sterling Capital Management LLC now owns 2,041 shares of the company’s stock worth $63,000 after buying an additional 1,809 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Patterson Companies in a research note on Tuesday. They set a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.57.

Patterson Companies Price Performance

PDCO stock opened at $31.33 on Friday. The firm has a 50-day moving average of $31.22 and a 200 day moving average of $28.71. 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 company has a market cap of $2.77 billion, a P/E ratio of 18.32, a PEG ratio of 2.71 and a beta of 0.73. Patterson Companies, Inc. has a 1 year low of $19.45 and a 1 year high of $31.79.

Patterson Companies 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.