Pool Co. (NASDAQ:POOL) Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC trimmed its holdings in Pool Co. (NASDAQ:POOL - Free Report) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 61,729 shares of the specialty retailer's stock after selling 1,857 shares during the period. Dearborn Partners LLC owned 0.16% of Pool worth $21,046,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer's stock valued at $474,886,000 after acquiring an additional 232,914 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Pool by 0.7% during the third quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer's stock worth $362,196,000 after purchasing an additional 6,232 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of Pool by 0.6% during the third quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer's stock worth $213,020,000 after purchasing an additional 3,428 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Pool by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 419,919 shares of the specialty retailer's stock worth $143,167,000 after purchasing an additional 3,575 shares during the period. Finally, Berkshire Hathaway Inc purchased a new position in Pool in the 3rd quarter valued at $152,249,000. Institutional investors and hedge funds own 98.99% of the company's stock.

Pool Price Performance

Pool stock traded down $12.59 during mid-day trading on Thursday, reaching $320.75. The company had a trading volume of 396,338 shares, compared to its average volume of 412,407. The stock's 50-day simple moving average is $343.48 and its 200-day simple moving average is $355.60. The company has a market capitalization of $12.07 billion, a P/E ratio of 28.44, a P/E/G ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. Pool Co. has a 1 year low of $293.51 and a 1 year high of $420.98.

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

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a yield of 1.50%. Pool's payout ratio is 42.55%.

Insider Buying and Selling at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the sale, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

POOL has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price 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 cut shares of Pool from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Pool has an average rating of "Hold" and an average price target 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.