Principal Financial Group Inc. decreased its holdings in Pool Co. (NASDAQ:POOL – Get Rating) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,570 shares of the specialty retailer’s stock after selling 1,539 shares during the period. Principal Financial Group Inc.’s holdings in Pool were worth $32,584,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC raised its stake in Pool by 10.3% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,278,854 shares of the specialty retailer’s stock worth $555,550,000 after buying an additional 119,932 shares in the last quarter. Geode Capital Management LLC raised its stake in Pool by 2.5% in the third quarter. Geode Capital Management LLC now owns 791,259 shares of the specialty retailer’s stock worth $342,943,000 after buying an additional 19,038 shares in the last quarter. Northern Trust Corp raised its stake in Pool by 4.1% in the fourth quarter. Northern Trust Corp now owns 486,436 shares of the specialty retailer’s stock worth $275,323,000 after buying an additional 19,161 shares in the last quarter. California Public Employees Retirement System raised its stake in Pool by 7.0% in the third quarter. California Public Employees Retirement System now owns 300,497 shares of the specialty retailer’s stock worth $130,539,000 after buying an additional 19,574 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake in Pool by 17.1% in the fourth quarter. Artemis Investment Management LLP now owns 300,224 shares of the specialty retailer’s stock worth $169,824,000 after buying an additional 43,781 shares in the last quarter. 91.88% of the stock is owned by institutional investors.
In other Pool news, Director Martha S. Gervasi purchased 300 shares of the stock in a transaction on Friday, May 6th. The shares were bought at an average cost of $391.86 per share, with a total value of $117,558.00. Following the completion of the acquisition, the director now owns 808 shares in the company, valued at $316,622.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by corporate insiders.
Pool (NASDAQ:POOL – Get Rating) last announced its quarterly earnings data on Thursday, April 21st. The specialty retailer reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $1.30. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.27 billion. Pool had a net margin of 12.95% and a return on equity of 69.76%. The business’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.42 earnings per share. As a group, research analysts anticipate that Pool Co. will post 18.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Monday, May 16th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.97%. This is a positive change from Pool’s previous quarterly dividend of $0.80. The ex-dividend date is Friday, May 13th. Pool’s dividend payout ratio is presently 17.81%.
POOL has been the subject of a number of recent research reports. Edward Jones assumed coverage on shares of Pool in a research note on Tuesday, April 12th. They issued a “hold” rating for the company. Stifel Nicolaus assumed coverage on Pool in a research report on Monday, April 4th. They set a “buy” rating and a $485.00 price target on the stock. Loop Capital upped their price target on Pool from $455.00 to $465.00 and gave the stock a “hold” rating in a research report on Friday, April 22nd. TheStreet downgraded Pool from a “b” rating to a “c+” rating in a research report on Thursday, April 21st. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $519.00 price target on shares of Pool in a research report on Tuesday, March 8th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $538.80.
Pool Profile (Get Rating)
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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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