Pool Co. (NASDAQ:POOL) Shares Purchased by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. grew its position in shares of Pool Co. (NASDAQ:POOL) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,121 shares of the specialty retailer’s stock after purchasing an additional 85 shares during the period. Sumitomo Life Insurance Co.’s holdings in Pool were worth $1,930,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB acquired a new position in Pool in the first quarter valued at $96,528,000. TD Asset Management Inc increased its stake in shares of Pool by 67.4% during the 1st quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock valued at $123,651,000 after acquiring an additional 123,387 shares during the last quarter. Caledonia Investments PLC purchased a new position in shares of Pool during the 2nd quarter worth about $37,390,000. Bank of New York Mellon Corp raised 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 purchasing an additional 90,951 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of Pool by 154.0% in the 1st quarter. Nordea Investment Management AB now owns 124,784 shares of the specialty retailer’s stock worth $50,856,000 after buying an additional 75,655 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Stock Up 2.0 %

Shares of NASDAQ POOL opened at $371.98 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The stock’s 50-day simple moving average is $356.96 and its 200-day simple moving average is $354.55. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.68 and a beta of 1.01.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.09. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. Pool’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $5.89 EPS. As a group, equities analysts anticipate that Pool Co. will post 10.98 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s dividend payout ratio is currently 37.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Loop Capital lowered their price target on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday, June 25th. Stifel Nicolaus boosted their target price on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Robert W. Baird raised their price target on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Stephens cut their target price on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Pool presently has a consensus rating of “Hold” and an average target price of $357.89.

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.