Flputnam Investment Management Co. Sells 314 Shares of Pool Co. (NASDAQ:POOL)

Flputnam Investment Management Co. decreased its position in Pool Co. (NASDAQ:POOL) by 15.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,749 shares of the specialty retailer’s stock after selling 314 shares during the quarter. Flputnam Investment Management Co.’s holdings in Pool were worth $596,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of POOL. Sierra Ocean LLC acquired a new position in Pool during the 4th quarter worth $30,000. Brooklyn Investment Group bought a new position in shares of Pool in the third quarter worth about $31,000. Private Trust Co. NA lifted its position in shares of Pool by 76.9% during the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 60 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Pool in the 3rd quarter valued at approximately $60,000. Finally, YANKCOM Partnership bought a new position in Pool in the 4th quarter worth approximately $61,000. 98.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on POOL. Wells Fargo & Company lowered their price objective on shares of 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 downgraded shares of Pool from a “hold” rating to a “sell” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Pool presently has a consensus rating of “Hold” and an average target price of $368.00.

Pool Trading Down 0.8 %

Shares of POOL stock opened at $344.18 on Tuesday. The firm has a fifty day moving average of $342.99 and a 200-day moving average of $355.63. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 2.03 and a beta of 1.03. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05.

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

Pool Dividend Announcement

The business also recently declared 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. This represents a $4.80 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool’s dividend payout ratio is 42.55%.

Insider Buying and Selling 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 dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the sale, the director now directly owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

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.