Wilkinson Global Asset Management LLC Sells 1,569 Shares of Pool Co. (NASDAQ:POOL)

Wilkinson Global Asset Management LLC trimmed its position in shares of Pool Co. (NASDAQ:POOL) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,073 shares of the specialty retailer’s stock after selling 1,569 shares during the quarter. Pool makes up about 1.7% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 22nd biggest position. Wilkinson Global Asset Management LLC owned 0.19% of Pool worth $27,911,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of POOL. Tortoise Investment Management LLC grew its holdings in Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 42 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of Pool by 232.4% during the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 79 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Pool by 26.2% in the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 43 shares in the last quarter. Ridgewood Investments LLC bought a new position in Pool in the 2nd quarter worth approximately $74,000. Finally, Summit Securities Group LLC acquired a new position in Pool during the 2nd quarter worth $75,000. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Loop Capital lifted 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. The Goldman Sachs Group upped their target price on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Stifel Nicolaus raised their target price on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company increased their price objective on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $369.11.

Pool Trading Up 0.4 %

NASDAQ:POOL opened at $370.63 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The business’s 50-day simple moving average is $362.00 and its 200-day simple moving average is $352.71. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The stock has a market capitalization of $14.11 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 2.18 and a beta of 1.01.

Pool (NASDAQ:POOL) last released its quarterly 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 company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the company earned $3.50 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. Sell-side analysts expect that Pool Co. will post 11.01 earnings per share for the current fiscal year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is presently 41.31%.

About 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.