Patterson Companies (PDCO)

• Market cap: $1.85B
• Sector: Industrials
• Industry: Medical, Dental & Hospital Equipment & Supplies

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

56% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 43

8% more funds holding

Funds holding: 290 [Q1] → 314 (+24) [Q2]

0.75% less ownership

Funds ownership: 86.15% [Q1] → 85.39% (-0.75%) [Q2]

8% less call options, than puts

Call options by funds: $10.2M | Put options by funds: $11M

8% less repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 106

15% less capital invested

Capital invested by funds: $2.14B [Q1] → $1.81B (-$327M) [Q2]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $22 4% upside
• Avg. target: $25 20% upside
• High target: $29 37% upside

6 analyst ratings

• positive: 1 17%
• neutral: 5 83%
• negative: 0 0%

Evercore ISI Group Ross Muken 20% 1-year accuracy 1 / 5 met price target	4% upside $22	In-Line Maintained	8 Oct 2024
UBS Michael Cherny 41% 1-year accuracy 12 / 29 met price target	14% upside $24	Neutral Maintained	5 Sept 2024
JP Morgan Michael Minchak 0 / 0 met price target	23% upside $26	Neutral Maintained	29 Aug 2024
B of A Securities Michael Cherny 41% 1-year accuracy 12 / 29 met price target	37% upside $29	Buy Maintained	29 Aug 2024
Baird Jeff Johnson 67% 1-year accuracy 8 / 12 met price target	33% upside $28	Neutral Maintained	29 Aug 2024