Lincoln National Corp Increases Position in Pool Co. (NASDAQ:POOL)

Lincoln National Corp raised its holdings in shares of Pool Co. (NASDAQ:POOLGet Rating) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,303 shares of the specialty retailer’s stock after buying an additional 70 shares during the period. Lincoln National Corp’s holdings in Pool were worth $4,779,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of POOL. Frontier Wealth Management LLC raised its stake in shares of Pool by 0.4% during the fourth quarter. Frontier Wealth Management LLC now owns 5,425 shares of the specialty retailer’s stock valued at $3,071,000 after acquiring an additional 23 shares in the last quarter. American National Bank raised its stake in shares of Pool by 52.0% during the first quarter. American National Bank now owns 76 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 26 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Pool by 1.0% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,609 shares of the specialty retailer’s stock valued at $1,103,000 after acquiring an additional 26 shares in the last quarter. Sugarloaf Wealth Management LLC raised its stake in shares of Pool by 25.9% during the first quarter. Sugarloaf Wealth Management LLC now owns 141 shares of the specialty retailer’s stock valued at $60,000 after acquiring an additional 29 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. raised its stake in shares of Pool by 150.0% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 50 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 91.88% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Loop Capital decreased their price target on shares of Pool from $465.00 to $370.00 and set a “hold” rating for the company in a research note on Thursday, June 23rd. Edward Jones assumed coverage on shares of Pool in a research note on Tuesday, April 12th. They set a “hold” rating for the company. The Goldman Sachs Group decreased their price target on shares of Pool from $560.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, June 23rd. Jefferies Financial Group reduced their price objective on shares of Pool from $485.00 to $400.00 in a research note on Tuesday, June 14th. Finally, KeyCorp reduced their price objective on shares of Pool from $570.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Pool has an average rating of “Hold” and a consensus price target of $448.56.

Pool Price Performance

NASDAQ POOL opened at $373.64 on Friday. The firm’s fifty day simple moving average is $368.97 and its two-hundred day simple moving average is $413.27. The company has a current ratio of 2.77, a quick ratio of 1.00 and a debt-to-equity ratio of 1.28. Pool Co. has a 12-month low of $324.14 and a 12-month high of $582.27. The firm has a market capitalization of $14.79 billion, a P/E ratio of 19.43, a P/E/G ratio of 2.02 and a beta of 0.88.

Pool (NASDAQ:POOLGet Rating) last released its quarterly earnings results on Thursday, July 21st. The specialty retailer reported $7.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.40 by $0.19. Pool had a net margin of 13.17% and a return on equity of 68.34%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the company earned $6.37 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Analysts forecast that Pool Co. will post 18.37 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, August 10th. Pool’s dividend payout ratio (DPR) is presently 20.80%.

Insider Activity

In related news, CEO Peter D. Arvan acquired 500 shares of the company’s stock in a transaction dated Wednesday, May 18th. The shares were purchased at an average cost of $387.08 per share, with a total value of $193,540.00. Following the completion of the acquisition, the chief executive officer now directly owns 61,825 shares of the company’s stock, valued at $23,931,221. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.

About Pool

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding POOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pool Co. (NASDAQ:POOLGet Rating).

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.