Dearborn Partners LLC Sells 3,753 Shares of Pool Co. (NASDAQ:POOL)

Dearborn Partners LLC trimmed its holdings in Pool Co. (NASDAQ:POOL) by 5.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,586 shares of the specialty retailer’s stock after selling 3,753 shares during the quarter. Dearborn Partners LLC owned about 0.17% of Pool worth $23,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in POOL. Swedbank AB bought a new position in shares of Pool during the 1st quarter worth approximately $96,528,000. International Assets Investment Management LLC boosted its stake in Pool by 37,863.6% during the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after acquiring an additional 137,445 shares in the last quarter. Caledonia Investments PLC bought a new position in Pool during the second quarter worth $37,390,000. Bank of New York Mellon Corp increased its stake in Pool by 26.6% in the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after purchasing an additional 90,951 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in shares of Pool by 58.6% during the first quarter. Epoch Investment Partners Inc. now owns 195,741 shares of the specialty retailer’s stock valued at $78,981,000 after purchasing an additional 72,322 shares during the period. Institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

POOL has been the topic of a number of recent research reports. Oppenheimer raised their price objective on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Stifel Nicolaus raised their price objective on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Wells Fargo & Company boosted their target price on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Robert W. Baird lifted their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, StockNews.com raised Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Pool has a consensus rating of “Hold” and an average target price of $369.11.

Pool Price Performance

Shares of NASDAQ POOL opened at $357.49 on Friday. The stock has a fifty day moving average of $363.76 and a 200-day moving average of $352.48. The stock has a market cap of $13.61 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 2.13 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.50 earnings per share. Equities research analysts anticipate that Pool Co. will post 11 earnings per share for the current year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.34%. Pool’s dividend payout ratio (DPR) is presently 41.31%.

Pool Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.