Franklin Resources Inc. reduced its position in Pool Co. (NASDAQ:POOL - Free Report) by 15.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 21,513 shares of the specialty retailer's stock after selling 3,977 shares during the period. Franklin Resources Inc. owned about 0.06% of Pool worth $7,923,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in Pool by 37,863.6% in the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer's stock valued at $51,926,000 after purchasing an additional 137,445 shares during the last quarter. Toronto Dominion Bank grew its holdings in Pool by 16.1% in the 2nd quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer's stock valued at $4,109,000 after buying an additional 1,858 shares during the period. Torray Investment Partners LLC increased its stake in shares of Pool by 16.8% during the 2nd quarter. Torray Investment Partners LLC now owns 14,128 shares of the specialty retailer's stock valued at $4,342,000 after acquiring an additional 2,034 shares during the last quarter. Versor Investments LP purchased a new position in shares of Pool during the 3rd quarter worth about $720,000. Finally, Sumitomo Life Insurance Co. boosted its position in shares of Pool by 1.7% in the third quarter. Sumitomo Life Insurance Co. now owns 5,121 shares of the specialty retailer's stock worth $1,930,000 after acquiring an additional 85 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ POOL opened at $349.04 on Monday. 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 Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The business has a 50 day moving average price of $366.41 and a two-hundred day moving average price of $352.74. The stock has a market cap of $13.28 billion, a PE ratio of 30.04, a P/E/G ratio of 2.20 and a beta of 1.01.
Pool (NASDAQ:POOL - Get Free Report) last announced its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm earned $3.50 earnings per share. The business's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that Pool Co. will post 11.02 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool's dividend payout ratio is currently 41.31%.
POOL has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of Pool from $330.00 to $370.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. StockNews.com upgraded Pool from a "sell" rating to a "hold" rating in a report on Saturday, November 2nd. Robert W. Baird upped their price target on Pool from $377.00 to $408.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Stifel Nicolaus lifted their price objective on Pool from $335.00 to $340.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Finally, Loop Capital boosted their target price on Pool from $345.00 to $395.00 and gave the stock a "hold" rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $369.25.
Check Out Our Latest Report on Pool
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.
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