The Manufacturers Life Insurance Company Purchases 112 Shares of Pool Co. (NASDAQ:POOL)

The Manufacturers Life Insurance Company raised its position in Pool Co. (NASDAQ:POOL) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,619 shares of the specialty retailer’s stock after buying an additional 112 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.06% of Pool worth $7,259,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Tortoise Investment Management LLC raised its stake in Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 42 shares during the period. Crewe Advisors LLC increased its stake in shares of Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. UMB Bank n.a. raised its position in shares of Pool by 221.6% in the first quarter. UMB Bank n.a. now owns 164 shares of the specialty retailer’s stock valued at $66,000 after purchasing an additional 113 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of Pool during the 2nd quarter valued at approximately $74,000. Finally, Summit Securities Group LLC bought a new position in Pool in the 2nd quarter worth approximately $75,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on POOL. Loop Capital dropped their target price on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research report on Tuesday, June 25th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. The Goldman Sachs Group lifted their target price on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Stifel Nicolaus upped their target price on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company lifted their price target on Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $350.00.

Pool Stock Performance

POOL opened at $363.91 on Friday. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a market cap of $13.95 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 2.73 and a beta of 1.01. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $356.65 and its 200 day moving average is $357.13.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping the consensus estimate of $4.90 by $0.09. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. Pool’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $5.89 EPS. On average, equities research analysts predict that Pool Co. will post 10.99 EPS for the current year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $1.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.32%. Pool’s dividend payout ratio (DPR) is presently 37.56%.

Pool Profile

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.