Bank of New York Mellon Corp Grows Stock Holdings in Pool Co. (NASDAQ:POOL)

Bank of New York Mellon Corp raised its position in shares of Pool Co. (NASDAQ:POOL) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 419,919 shares of the specialty retailer’s stock after buying an additional 3,575 shares during the period. Bank of New York Mellon Corp’s holdings in Pool were worth $143,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of Pool during the third quarter worth $31,000. Sierra Ocean LLC purchased a new position in shares of Pool during the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Pool during the third quarter worth $60,000. YANKCOM Partnership acquired a new stake in shares of Pool in the fourth quarter valued at $61,000. Finally, Hilltop National Bank raised its stake in shares of Pool by 18.1% in 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 currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research note on Friday. Wells Fargo & Company reduced their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $368.00.

Insider Buying and Selling at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.

Pool Stock Up 1.3 %

Pool stock opened at $347.00 on Friday. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The stock has a market cap of $13.21 billion, a PE ratio of 30.76, a P/E/G ratio of 2.03 and a beta of 1.03. The stock’s fifty day moving average is $343.03 and its two-hundred day moving average is $355.48.

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

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool’s dividend payout ratio is presently 42.55%.

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.