Principal Financial Group Inc. lessened its position in Pool Co. (NASDAQ:POOL – Get Rating) by 5.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,719 shares of the specialty retailer’s stock after selling 2,995 shares during the period. Principal Financial Group Inc. owned approximately 0.13% of Pool worth $18,166,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Advisor Group Holdings Inc. grew its holdings in shares of Pool by 15.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 13,096 shares of the specialty retailer’s stock worth $5,502,000 after acquiring an additional 1,745 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Pool by 19.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,109 shares of the specialty retailer’s stock worth $1,443,000 after acquiring an additional 667 shares during the last quarter. CAPROCK Group Inc. acquired a new position in shares of Pool in the 2nd quarter worth $351,000. Envestnet Asset Management Inc. grew its holdings in shares of Pool by 3.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 173,949 shares of the specialty retailer’s stock worth $61,096,000 after acquiring an additional 5,371 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Pool by 35.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 811 shares of the specialty retailer’s stock worth $284,000 after acquiring an additional 214 shares during the last quarter. Institutional investors own 98.92% of the company’s stock.
Pool Stock Performance
Shares of NASDAQ POOL opened at $326.43 on Wednesday. The business’s 50-day moving average price is $317.20 and its two-hundred day moving average price is $352.63. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.98 and a quick ratio of 0.90. Pool Co. has a one year low of $278.10 and a one year high of $572.76. The company has a market capitalization of $12.75 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.71 and a beta of 0.81.
Pool Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Thursday, November 10th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $4.00 dividend on an annualized basis and a yield of 1.23%. Pool’s dividend payout ratio (DPR) is currently 20.54%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on POOL. Deutsche Bank Aktiengesellschaft decreased their target price on Pool from $431.00 to $368.00 and set a “hold” rating on the stock in a report on Thursday, October 20th. KeyCorp decreased their target price on Pool from $465.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, October 21st. Robert W. Baird decreased their target price on Pool from $398.00 to $368.00 and set a “neutral” rating on the stock in a report on Friday, October 21st. Stephens lowered their price target on Pool from $400.00 to $340.00 in a report on Wednesday, October 19th. Finally, The Goldman Sachs Group lowered their price target on Pool from $410.00 to $360.00 and set a “buy” rating on the stock in a report on Friday, October 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $397.50.
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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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