TD Private Client Wealth LLC Sells 307 Shares of Pool Co. (NASDAQ:POOL)

TD Private Client Wealth LLC cut its stake in Pool Co. (NASDAQ:POOL) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,943 shares of the specialty retailer’s stock after selling 307 shares during the quarter. TD Private Client Wealth LLC’s holdings in Pool were worth $2,367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of POOL. Pathstone Holdings LLC increased its stake in Pool by 1.8% in the 3rd quarter. Pathstone Holdings LLC now owns 8,435 shares of the specialty retailer’s stock valued at $3,178,000 after buying an additional 152 shares during the last quarter. King Luther Capital Management Corp increased its holdings in Pool by 43.4% in the 3rd quarter. King Luther Capital Management Corp now owns 25,502 shares of the specialty retailer’s stock worth $9,609,000 after acquiring an additional 7,724 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Pool in the 3rd quarter worth about $202,000. Raymond James Trust N.A. increased its holdings in Pool by 8.1% in the 3rd quarter. Raymond James Trust N.A. now owns 2,273 shares of the specialty retailer’s stock worth $856,000 after acquiring an additional 170 shares during the last quarter. Finally, Nicolet Advisory Services LLC increased its holdings in Pool by 6.5% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,774 shares of the specialty retailer’s stock worth $659,000 after acquiring an additional 108 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Down 0.1 %

POOL opened at $320.14 on Friday. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The stock has a market cap of $12.05 billion, a PE ratio of 28.38, a P/E/G ratio of 2.03 and a beta of 1.05. The business’s fifty day simple moving average is $342.60 and its 200 day simple moving average is $354.17. Pool Co. has a 52 week low of $293.51 and a 52 week high of $420.00.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. The business had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. As a group, research analysts expect that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.50%. Pool’s payout ratio is presently 42.55%.

Wall Street Analyst Weigh In

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

Insider Transactions at Pool

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

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.