Mendota Financial Group LLC Sells 96 Shares of Pool Co. (NASDAQ:POOL)

Mendota Financial Group LLC cut its holdings in Pool Co. (NASDAQ:POOL) by 23.1% during the fourth quarter, HoldingsChannel reports. The firm owned 319 shares of the specialty retailer’s stock after selling 96 shares during the period. Mendota Financial Group LLC’s holdings in Pool were worth $109,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in POOL. Signal Advisors Wealth LLC lifted its holdings in shares of Pool by 14.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 2,409 shares of the specialty retailer’s stock worth $821,000 after buying an additional 295 shares during the last quarter. Cullen Investment Group LTD. raised its stake in Pool by 0.5% during the 4th quarter. Cullen Investment Group LTD. now owns 13,619 shares of the specialty retailer’s stock valued at $4,643,000 after purchasing an additional 73 shares during the last quarter. Czech National Bank boosted its holdings in Pool by 5.9% in the 4th quarter. Czech National Bank now owns 8,252 shares of the specialty retailer’s stock valued at $2,813,000 after purchasing an additional 459 shares during the period. Sugarloaf Wealth Management LLC grew its position in Pool by 10.1% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 53 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in Pool by 3.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,028 shares of the specialty retailer’s stock worth $1,714,000 after purchasing an additional 152 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Up 2.5 %

Shares of POOL opened at $334.43 on Tuesday. The stock’s fifty day simple moving average is $357.98 and its 200-day simple moving average is $353.06. The firm has a market capitalization of $12.73 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 2.20 and a beta of 1.03. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the company earned $3.50 EPS. Pool’s revenue was down 2.8% on a year-over-year basis. As a group, research analysts predict that Pool Co. will post 11.02 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $1.20 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.44%. Pool’s dividend payout ratio is currently 41.31%.

Analysts Set New Price Targets

Several research firms recently weighed in on POOL. Wells Fargo & Company increased 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. Loop Capital raised their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Oppenheimer boosted their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Robert W. Baird increased their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pool currently has a consensus rating of “Hold” and an average target price of $369.25.

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.