Taylor Frigon Capital Management LLC Trims Stake in Pool Co. (NASDAQ:POOL)

Taylor Frigon Capital Management LLC reduced its position in Pool Co. (NASDAQ:POOL) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,650 shares of the specialty retailer’s stock after selling 50 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Pool were worth $1,244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in POOL. Sierra Ocean LLC purchased a new stake in Pool in the 4th quarter worth about $30,000. Brooklyn Investment Group purchased a new position in shares of Pool during the third quarter worth approximately $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pool during the third quarter valued at approximately $60,000. YANKCOM Partnership bought a new stake in shares of Pool during the fourth quarter valued at approximately $61,000. Finally, Hilltop National Bank raised its stake in shares of Pool by 18.1% during the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock valued at $140,000 after acquiring an additional 63 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Performance

Shares of NASDAQ:POOL opened at $347.74 on Thursday. The company has a market capitalization of $13.23 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth 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 quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $343.00 and a 200 day moving average of $355.57.

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

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.38%. Pool’s dividend payout ratio is currently 42.55%.

Insiders Place Their Bets

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction on Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the transaction, the director now directly owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on POOL shares. Wells Fargo & Company decreased their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $368.00.

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.