Jensen Investment Management Inc. Trims Stock Position in Pool Co. (NASDAQ:POOL)

by · The Cerbat Gem

Jensen Investment Management Inc. cut its holdings in shares of Pool Co. (NASDAQ:POOL – Free Report) by 42.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,750 shares of the specialty retailer’s stock after selling 3,490 shares during the quarter. Jensen Investment Management Inc.’s holdings in Pool were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in Pool by 37,863.6% during the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after buying an additional 137,445 shares during the period. TD Asset Management Inc raised its holdings in shares of Pool by 67.4% in the 1st quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock worth $123,651,000 after purchasing an additional 123,387 shares during the period. M&G Plc purchased a new position in shares of Pool in the 1st quarter worth about $4,436,000. Toronto Dominion Bank raised its holdings in shares of Pool by 16.1% in the 2nd quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock worth $4,109,000 after purchasing an additional 1,858 shares during the period. Finally, Torray Investment Partners LLC grew its stake in shares of Pool by 16.8% in the second quarter. Torray Investment Partners LLC now owns 14,128 shares of the specialty retailer’s stock valued at $4,342,000 after buying an additional 2,034 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Stock Performance

Shares of NASDAQ POOL traded up $1.30 during trading on Friday, reaching $372.58. The stock had a trading volume of 228,805 shares, compared to its average volume of 347,295. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The stock has a market cap of $14.18 billion, a PE ratio of 32.06, a P/E/G ratio of 2.25 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The firm’s 50 day moving average price is $362.83 and its two-hundred day moving average price is $352.73.

Pool (NASDAQ:POOL – Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the firm posted $3.50 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, research analysts forecast that Pool Co. will post 11.01 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 1.29%. Pool’s dividend payout ratio (DPR) is presently 41.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on POOL shares. Stifel Nicolaus increased their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Loop Capital increased their target price on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Robert W. Baird raised their price objective on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group raised their price objective on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $369.11.

View Our Latest Stock Report on POOL

Pool Company Profile

(Free Report)

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.

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