M&T Bank Corp grew its stake in Pool Co. (NASDAQ:POOL - Free Report) by 174.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,689 shares of the specialty retailer's stock after purchasing an additional 3,613 shares during the period. M&T Bank Corp's holdings in Pool were worth $2,144,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Taylor Frigon Capital Management LLC raised its position in Pool by 0.8% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer's stock worth $1,089,000 after buying an additional 28 shares during the last quarter. Heritage Family Offices LLP lifted its position in Pool by 2.2% in the third quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer's stock valued at $482,000 after purchasing an additional 28 shares during the period. CWM LLC boosted its holdings in Pool by 3.7% in the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer's stock valued at $293,000 after purchasing an additional 28 shares in the last quarter. Aurora Investment Counsel increased its position in Pool by 0.6% during the 2nd quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer's stock worth $1,542,000 after purchasing an additional 30 shares during the period. Finally, First Citizens Bank & Trust Co. raised its stake in shares of Pool by 1.3% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 2,405 shares of the specialty retailer's stock worth $739,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.
POOL has been the topic of a number of recent analyst reports. Robert W. Baird upped their price objective on Pool from $377.00 to $408.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on Pool from $330.00 to $370.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. Oppenheimer raised their price objective on Pool from $380.00 to $386.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Loop Capital boosted their target price on Pool from $345.00 to $395.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus upped their target price on Pool from $335.00 to $340.00 and gave the company a "hold" rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $369.25.
Read Our Latest Report on POOL
Shares of NASDAQ:POOL opened at $362.95 on Friday. The company has a market capitalization of $13.81 billion, a P/E ratio of 31.23, a P/E/G ratio of 2.27 and a beta of 1.01. The stock's fifty day simple moving average is $367.75 and its 200-day simple moving average is $352.98. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.
Pool (NASDAQ:POOL - Get Free Report) last released its earnings results 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. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm's quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.50 EPS. As a group, equities research analysts forecast that Pool Co. will post 11.02 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Wednesday, November 13th. Pool's dividend payout ratio is presently 41.31%.
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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