Copeland Capital Management LLC Has $50.73 Million Stock Position in Pool Co. (NASDAQ:POOL)

Copeland Capital Management LLC increased its position in Pool Co. (NASDAQ:POOL) by 19.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,633 shares of the specialty retailer’s stock after buying an additional 21,684 shares during the period. Copeland Capital Management LLC owned 0.35% of Pool worth $50,729,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Tortoise Investment Management LLC increased its position in shares of Pool by 68.9% during the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 42 shares in the last quarter. Crewe Advisors LLC grew its stake in shares of Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 79 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Pool by 26.2% during the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 43 shares in the last quarter. Ridgewood Investments LLC purchased a new position in Pool during the second quarter worth about $74,000. Finally, Summit Securities Group LLC purchased a new position in Pool in the second quarter worth $75,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Trading Down 3.1 %

POOL opened at $358.98 on Tuesday. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 2.70 and a beta of 1.01. The business has a 50 day simple moving average of $358.51 and a two-hundred day simple moving average of $353.78. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the company earned $5.89 EPS. The business’s revenue was down 4.7% compared to the same quarter last year. Analysts predict that Pool Co. will post 10.98 EPS for the current year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.34%. Pool’s payout ratio is 37.56%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America lowered their price objective on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Stifel Nicolaus increased their target price on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Loop Capital dropped their target price on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research report on Tuesday, June 25th. Wells Fargo & Company lifted their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Stephens reduced their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $357.89.

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.