Wilkinson Global Asset Management LLC Has $27.91 Million Stake in Pool Co. (NASDAQ:POOL)

Wilkinson Global Asset Management LLC reduced its holdings in Pool Co. (NASDAQ:POOL) by 2.1% during the 3rd quarter, according to its most recent 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 period. Pool accounts for about 1.7% of Wilkinson Global Asset Management LLC’s portfolio, making the stock its 22nd largest holding. Wilkinson Global Asset Management LLC’s holdings in Pool were worth $27,911,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in POOL. WoodTrust Financial Corp grew its stake in Pool by 7.8% in the third quarter. WoodTrust Financial Corp now owns 3,475 shares of the specialty retailer’s stock valued at $1,310,000 after purchasing an additional 250 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in shares of Pool in the 3rd quarter valued at approximately $228,000. Marks Group Wealth Management Inc grew its stake in shares of Pool by 8.1% in the third quarter. Marks Group Wealth Management Inc now owns 6,086 shares of the specialty retailer’s stock valued at $2,293,000 after buying an additional 458 shares in the last quarter. QRG Capital Management Inc. acquired a new position in Pool during the third quarter worth $248,000. Finally, Robeco Institutional Asset Management B.V. raised its position in Pool by 4.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,242 shares of the specialty retailer’s stock worth $1,222,000 after acquiring an additional 130 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. The Goldman Sachs Group lifted their price target on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Oppenheimer upped their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Loop Capital boosted their target price on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, StockNews.com raised Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $369.11.

Pool Price Performance

NASDAQ:POOL opened at $370.63 on Thursday. 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 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The firm’s 50-day simple moving average is $362.00 and its 200 day simple moving average is $352.71. The firm has a market cap of $14.11 billion, a price-to-earnings ratio of 31.90, a P/E/G 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 analysts’ consensus estimates of $3.15 by $0.11. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 earnings per share. As a group, sell-side analysts predict that Pool Co. will post 11.01 earnings per share for the current year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.30%. Pool’s dividend payout ratio is 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.