5 Best Healthcare Dividend Stocks to Buy Now

3. Patterson Companies, Inc. (NASDAQ: PDCO)

Number of Hedge Fund Holders: 20
Dividend Yield: 3.5%

Patterson Companies, Inc. (NASDAQ: PDCO) is a distributor of dental and animal health products in the US, the UK, and Canada. The company operates through its Dental, Animal Health, and Corporate segments. It ranks 3rd on our list of the best healthcare dividend stocks to buy now.

An analyst at Credit Suisse, Vik Chopra, assumed coverage of shares of Patterson Companies, Inc. (NASDAQ: PDCO) this August with an Outperform rating. Chopra has also placed a $38 price target on the company’s shares.

In the fiscal fourth quarter of 2021, Patterson Companies, Inc. (NASDAQ: PDCO) had an EPS of $0.38, missing estimates by $0.14. The company’s revenue was $1.56 billion, up 21.40% year over year and beating estimates by $41.45 million. Patterson Companies, Inc. (NASDAQ: PDCO) has gained 1.61% year to date and 10.94% in the past year.

By the end of the first quarter of 2021, 20 hedge funds out of the 866 tracked by Insider Monkey held stakes in Patterson Companies, Inc. (NASDAQ: PDCO) worth roughly $142 million. This is compared to 18 hedge funds in the previous quarter with a total stake value of approximately $92 million.