Sumitomo Life Insurance Co. Sells 162 Shares of Pool Co. (NASDAQ:POOL)

Sumitomo Life Insurance Co. reduced its holdings in Pool Co. (NASDAQ:POOL) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,450 shares of the specialty retailer’s stock after selling 162 shares during the period. Sumitomo Life Insurance Co.’s holdings in Pool were worth $1,774,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new position in Pool during the fourth quarter worth $28,000. Clear Street Markets LLC increased its holdings in shares of Pool by 94.9% during the 1st quarter. Clear Street Markets LLC now owns 76 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 37 shares during the period. CVA Family Office LLC acquired a new position in shares of Pool during the fourth quarter valued at about $34,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Pool during the third quarter valued at about $33,000. Finally, Huntington National Bank grew its position in Pool by 96.7% during the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after buying an additional 58 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Trading Up 0.3 %

Shares of POOL stock opened at $380.20 on Monday. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $14.63 billion, a P/E ratio of 28.54, a P/E/G ratio of 3.53 and a beta of 1.00. Pool Co. has a 12-month low of $307.77 and a 12-month high of $422.73. The firm has a 50-day moving average price of $395.42 and a 200 day moving average price of $372.37.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, topping the consensus estimate of $1.28 by $0.02. Pool had a return on equity of 37.94% and a net margin of 9.44%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned $1.79 EPS. Pool’s revenue was down 8.5% compared to the same quarter last year. Research analysts forecast that Pool Co. will post 13.3 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a yield of 1.16%. Pool’s dividend payout ratio (DPR) is 33.03%.

Insiders Place Their Bets

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the transaction, the general counsel now directly owns 8,622 shares in the company, valued at $3,457,422. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

POOL has been the subject of several recent research reports. Loop Capital cut Pool from a “buy” rating to a “hold” rating and upped their price target for the company from $380.00 to $415.00 in a report on Monday, January 8th. Wells Fargo & Company initiated coverage on Pool in a research note on Tuesday, December 19th. They issued an “equal weight” rating and a $400.00 target price for the company. TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Oppenheimer raised their price objective on shares of Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $370.00 target price on shares of Pool in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Pool has a consensus rating of “Hold” and a consensus target price of $388.63.

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.