Principal Financial Group Inc. Has $25.67 Million Stake in Pool Corporation (POOL)

Principal Financial Group Inc. decreased its position in shares of Pool Corporation (NASDAQ:POOL) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,304 shares of the specialty retailer’s stock after selling 893 shares during the period. Principal Financial Group Inc. owned approximately 0.58% of Pool worth $25,669,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of POOL. FCG Advisors LLC lifted its stake in Pool by 0.3% in the second quarter. FCG Advisors LLC now owns 1,797 shares of the specialty retailer’s stock worth $211,000 after purchasing an additional 6 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Pool by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,035 shares of the specialty retailer’s stock worth $710,000 after buying an additional 23 shares in the last quarter. Hanseatic Management Services Inc. raised its stake in Pool by 0.3% in the second quarter. Hanseatic Management Services Inc. now owns 12,440 shares of the specialty retailer’s stock worth $1,463,000 after buying an additional 37 shares in the last quarter. Sawtooth Solutions LLC grew its holdings in Pool by 2.3% in the second quarter. Sawtooth Solutions LLC now owns 1,943 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 44 shares during the last quarter. Finally, World Asset Management Inc grew its holdings in Pool by 2.6% in the second quarter. World Asset Management Inc now owns 2,967 shares of the specialty retailer’s stock worth $349,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

In other Pool news, Director Harlan F. Seymour sold 15,502 shares of Pool stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $118.87, for a total transaction of $1,842,722.74. Following the completion of the transaction, the director now owns 15,995 shares in the company, valued at $1,901,325.65. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $120.73, for a total transaction of $5,750,128.44. Following the completion of the transaction, the chief executive officer now directly owns 61,708 shares of the company’s stock, valued at approximately $7,450,006.84. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

POOL has been the topic of a number of research analyst reports. Robert W. Baird boosted their price objective on shares of Pool from $125.00 to $131.00 and gave the company an “outperform” rating in a report on Friday, October 20th. BidaskClub lowered shares of Pool from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Finally, Sidoti upgraded shares of Pool from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $119.00 to $131.00 in a research report on Friday, September 15th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Pool has a consensus rating of “Buy” and an average target price of $127.25.

Pool Corporation (NASDAQ:POOL) traded down $1.52 during trading hours on Wednesday, hitting $126.23. 215,198 shares of the company were exchanged, compared to its average volume of 243,137. The stock has a market cap of $5,217.27, a PE ratio of 33.91 and a beta of 0.96. Pool Corporation has a 1 year low of $97.25 and a 1 year high of $130.92. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.61 and a quick ratio of 1.03.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.02. Pool had a net margin of 6.19% and a return on equity of 69.28%. The business had revenue of $743.40 million for the quarter. During the same quarter in the previous year, the business posted $1.03 earnings per share. Pool’s revenue for the quarter was up 7.5% compared to the same quarter last year. equities analysts predict that Pool Corporation will post 4.07 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 15th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, November 14th. Pool’s payout ratio is currently 37.47%.

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Pool Profile

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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