Johnson Investment Counsel Inc. Has $6.09 Million Stake in Pool Co. (NASDAQ:POOL)

Johnson Investment Counsel Inc. raised its stake in Pool Co. (NASDAQ:POOL) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,863 shares of the specialty retailer’s stock after buying an additional 1,341 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Pool were worth $6,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. lifted its stake in Pool by 8.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,024 shares of the specialty retailer’s stock valued at $1,713,000 after buying an additional 379 shares during the period. Amundi lifted its stake in Pool by 15.2% in the fourth quarter. Amundi now owns 255,645 shares of the specialty retailer’s stock valued at $83,031,000 after buying an additional 33,777 shares during the period. PNC Financial Services Group Inc. lifted its stake in Pool by 3.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,150 shares of the specialty retailer’s stock valued at $2,438,000 after buying an additional 255 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Pool during the fourth quarter worth about $2,083,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Pool during the fourth quarter worth about $412,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Down 0.1 %

NASDAQ:POOL opened at $364.12 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The company has a market cap of $13.70 billion, a PE ratio of 32.28, a PEG ratio of 2.03 and a beta of 1.05. Pool Co. has a 52-week low of $293.51 and a 52-week high of $420.98. The stock has a 50-day simple moving average of $343.08 and a 200 day simple moving average of $355.74.

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

Pool Announces Dividend

The business 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. 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 1.32%. Pool’s dividend payout ratio is 42.55%.

Analyst Upgrades and Downgrades

POOL has been the topic of a number of research analyst reports. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Wells Fargo & Company dropped their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Two 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 stock. According to data from MarketBeat, Pool 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 that occurred on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the transaction, the director now directly owns 62,577 shares in the company, valued at $21,651,642. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.00% of the company’s stock.

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.