Dearborn Partners LLC Sells 1,857 Shares of Pool Co. (NASDAQ:POOL)

Dearborn Partners LLC lessened its holdings in shares of Pool Co. (NASDAQ:POOL) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 61,729 shares of the specialty retailer’s stock after selling 1,857 shares during the period. Dearborn Partners LLC owned 0.16% of Pool worth $21,046,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Sierra Ocean LLC bought a new position in Pool in the fourth quarter valued at about $30,000. Brooklyn Investment Group bought a new position in Pool in the third quarter valued at about $31,000. Private Trust Co. NA boosted its holdings in Pool by 76.9% in the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 60 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Pool in the third quarter valued at about $60,000. Finally, YANKCOM Partnership bought a new position in Pool in the fourth quarter valued at about $61,000. Institutional investors own 98.99% of the company’s stock.

Insider Activity at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the sale, the director now owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on POOL. Wells Fargo & Company reduced their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Pool has a consensus rating of “Hold” and an average target price of $368.00.

Pool Trading Down 0.1 %

NASDAQ POOL opened at $364.12 on Tuesday. The firm has a market cap of $13.70 billion, a P/E ratio of 32.28, a P/E/G ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The stock’s 50-day moving average is $343.08 and its 200-day moving average is $355.74. Pool Co. has a one year low of $293.51 and a one year high of $420.98.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The company had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. Sell-side analysts anticipate that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Wednesday, March 12th. Pool’s dividend payout ratio is presently 42.55%.

Pool Company 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.