Sumitomo Mitsui Trust Group Inc. Sells 279 Shares of Pool Co. (NASDAQ:POOL)

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Pool Co. (NASDAQ:POOL) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,628 shares of the specialty retailer’s stock after selling 279 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Pool were worth $33,018,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Swedbank AB bought a new position in shares of Pool during the first quarter valued at $96,528,000. International Assets Investment Management LLC lifted its holdings in Pool by 37,863.6% during the 3rd 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. Caledonia Investments PLC acquired a new position in Pool in the second quarter valued at about $37,390,000. Bank of New York Mellon Corp grew its stake in Pool by 26.6% during the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock worth $133,125,000 after buying an additional 90,951 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in shares of Pool by 58.6% during the first quarter. Epoch Investment Partners Inc. now owns 195,741 shares of the specialty retailer’s stock worth $78,981,000 after buying an additional 72,322 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on POOL. The Goldman Sachs Group increased their price target on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Oppenheimer raised their target price on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Wells Fargo & Company lifted their price target on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Loop Capital increased their price objective on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus boosted their target price on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $369.11.

Pool Trading Up 0.5 %

Shares of NASDAQ POOL opened at $359.42 on Friday. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The firm has a market capitalization of $13.68 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.13 and a beta of 1.01. 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 company’s 50 day simple moving average is $364.43 and its 200 day simple moving average is $352.37.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the business posted $3.50 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts predict that Pool Co. will post 11 EPS for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.34%. Pool’s dividend payout ratio (DPR) is presently 41.31%.

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.