Toronto Dominion Bank Acquires Shares of 345 Pool Co. (NASDAQ:POOL)
Toronto Dominion Bank acquired a new stake in Pool Co. (NASDAQ:POOL) in the 2nd quarter, Holdings Channel reports. The fund acquired 345 shares of the specialty retailer’s stock, valued at approximately $52,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dupont Capital Management Corp boosted its stake in shares of Pool by 6.0% during the second quarter. Dupont Capital Management Corp now owns 3,556 shares of the specialty retailer’s stock worth $679,000 after buying an additional 200 shares during the period. M&T Bank Corp boosted its stake in shares of Pool by 2.3% during the second quarter. M&T Bank Corp now owns 3,529 shares of the specialty retailer’s stock worth $673,000 after buying an additional 79 shares during the period. Flinton Capital Management LLC boosted its stake in shares of Pool by 9.7% during the second quarter. Flinton Capital Management LLC now owns 8,840 shares of the specialty retailer’s stock worth $1,688,000 after buying an additional 782 shares during the period. Tyers Asset Management LLC boosted its stake in shares of Pool by 12.9% during the first quarter. Tyers Asset Management LLC now owns 6,636 shares of the specialty retailer’s stock worth $1,095,000 after buying an additional 756 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Pool during the first quarter worth about $869,000. Institutional investors own 94.25% of the company’s stock.
In other news, CEO Peter D. Arvan acquired 300 shares of Pool stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $187.93 per share, for a total transaction of $56,379.00. Following the completion of the transaction, the chief executive officer now directly owns 38,733 shares in the company, valued at $7,279,092.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark W. Joslin sold 1,429 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $200.00, for a total transaction of $285,800.00. Following the completion of the sale, the chief financial officer now owns 140,356 shares of the company’s stock, valued at approximately $28,071,200. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,965 shares of company stock valued at $9,560,885. 6.00% of the stock is owned by insiders.
Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 18th. The specialty retailer reported $3.22 EPS for the quarter, beating the Zacks’ consensus estimate of $3.21 by $0.01. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.16 billion. Pool had a net margin of 8.14% and a return on equity of 82.89%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.80 earnings per share. As a group, sell-side analysts expect that Pool Co. will post 5.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.55 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $2.20 dividend on an annualized basis and a yield of 1.12%. Pool’s payout ratio is currently 39.15%.
POOL has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Pool from a “sell” rating to a “hold” rating and set a $209.00 target price for the company in a research note on Monday, August 12th. BidaskClub downgraded shares of Pool from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Sidoti downgraded shares of Pool from a “buy” rating to a “neutral” rating and set a $215.00 target price for the company. in a research note on Friday, August 23rd. Finally, Robert W. Baird set a $192.00 price objective on shares of Pool and gave the company a “buy” rating in a research report on Friday, July 19th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $189.40.
Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.
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