Patterson Cos. (NASDAQ:PDCO)’s share price rose 1.8% on Friday . The stock traded as high as $46.39 and last traded at $46.37, with a volume of 606,588 shares trading hands. The stock had previously closed at $45.54.

PDCO has been the topic of several recent research reports. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $55.00 price target on shares of Patterson Cos. in a research report on Monday, June 27th. Evercore ISI raised shares of Patterson Cos. from a “hold” rating to a “buy” rating in a research report on Wednesday, June 1st. Stifel Nicolaus reaffirmed a “hold” rating on shares of Patterson Cos. in a research report on Tuesday, May 31st. Robert W. Baird reaffirmed a “hold” rating on shares of Patterson Cos. in a research report on Monday, May 16th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Patterson Cos. in a research report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $50.88.

The stock has a market cap of $4.45 billion and a PE ratio of 24.32. The company has a 50-day moving average of $48.26 and a 200-day moving average of $46.04.

Patterson Cos. (NASDAQ:PDCO) last announced its quarterly earnings data on Thursday, May 26th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. During the same period last year, the company earned $0.88 earnings per share. The firm earned $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. The business’s revenue for the quarter was up 40.5% on a year-over-year basis. Equities analysts forecast that Patterson Cos. will post $2.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, July 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.06%.

In other news, CFO Ann B. Gugino sold 750 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $48.86, for a total value of $36,645.00. Following the completion of the sale, the chief financial officer now directly owns 36,187 shares of the company’s stock, valued at $1,768,096.82. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Several hedge funds have recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Patterson Cos. by 0.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 67,492 shares of the company’s stock worth $3,052,000 after buying an additional 317 shares during the period. I.G. Investment Management LTD. boosted its stake in shares of Patterson Cos. by 24.6% in the fourth quarter. I.G. Investment Management LTD. now owns 185,826 shares of the company’s stock worth $8,401,000 after buying an additional 36,700 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of Patterson Cos. by 31.7% in the fourth quarter. Bank of Montreal Can now owns 28,147 shares of the company’s stock worth $1,273,000 after buying an additional 6,778 shares during the period.

Patterson Companies, Inc is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America.

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