Pool Co. (NASDAQ:POOL) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Pool Co. (NASDAQ:POOL) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,176 shares of the specialty retailer’s stock after purchasing an additional 416 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Pool were worth $14,385,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in POOL. International Assets Investment Management LLC lifted its holdings in shares of Pool by 37,863.6% in the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after purchasing an additional 137,445 shares during the last quarter. M&G Plc acquired a new position in Pool during the 1st quarter valued at about $4,436,000. Toronto Dominion Bank increased its stake in shares of Pool by 16.1% in the second quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock valued at $4,109,000 after purchasing an additional 1,858 shares during the period. Torray Investment Partners LLC grew its holdings in Pool by 16.8% in the 2nd quarter. Torray Investment Partners LLC now owns 14,128 shares of the specialty retailer’s stock worth $4,342,000 after buying an additional 2,034 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its position in Pool by 459.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 2,724 shares of the specialty retailer’s stock valued at $1,099,000 after acquiring an additional 2,237 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Up 1.3 %

NASDAQ POOL traded up $4.42 on Thursday, hitting $355.61. 12,275 shares of the company were exchanged, compared to its average volume of 345,512. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The company’s 50 day moving average price is $363.76 and its 200-day moving average price is $352.48. The firm has a market capitalization of $13.53 billion, a P/E ratio of 30.22, a price-to-earnings-growth ratio of 2.16 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 EPS. Analysts predict that Pool Co. will post 11 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently disclosed 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 1.35%. Pool’s payout ratio is presently 41.31%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Wells Fargo & Company upped their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Robert W. Baird lifted their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group upped their price objective on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Loop Capital lifted their target price on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $369.11.

Pool Company 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.