Copeland Capital Management LLC Reduces Holdings in Pool Co. (POOL)

Copeland Capital Management LLC lessened its stake in shares of Pool Co. (NASDAQ:POOL) by 13.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 171,740 shares of the specialty retailer’s stock after selling 26,624 shares during the period. Pool makes up about 1.7% of Copeland Capital Management LLC’s portfolio, making the stock its 5th biggest position. Copeland Capital Management LLC owned approximately 0.43% of Pool worth $28,660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Pool by 11.0% in the 2nd quarter. BlackRock Inc. now owns 3,754,763 shares of the specialty retailer’s stock valued at $568,848,000 after acquiring an additional 370,948 shares during the last quarter. FMR LLC boosted its holdings in shares of Pool by 5.6% in the 2nd quarter. FMR LLC now owns 1,156,051 shares of the specialty retailer’s stock valued at $175,142,000 after acquiring an additional 61,632 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Pool by 17.4% in the 2nd quarter. OppenheimerFunds Inc. now owns 650,811 shares of the specialty retailer’s stock valued at $98,598,000 after acquiring an additional 96,678 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Pool by 26.4% in the 2nd quarter. Wells Fargo & Company MN now owns 606,971 shares of the specialty retailer’s stock valued at $91,957,000 after acquiring an additional 126,832 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Pool by 1.8% in the 2nd quarter. Northern Trust Corp now owns 351,119 shares of the specialty retailer’s stock valued at $53,194,000 after acquiring an additional 6,249 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

POOL stock opened at $145.08 on Friday. The firm has a market capitalization of $5.84 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.09 and a beta of 1.03. The company has a current ratio of 3.29, a quick ratio of 1.18 and a debt-to-equity ratio of 1.53. Pool Co. has a 12 month low of $117.51 and a 12 month high of $175.87.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 18th. The specialty retailer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. Pool had a net margin of 8.21% and a return on equity of 78.04%. The business had revenue of $811.31 million for the quarter. During the same period last year, the company earned $1.16 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, research analysts expect that Pool Co. will post 5.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 29th. Investors of record on Thursday, November 15th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.24%. Pool’s dividend payout ratio is currently 45.11%.

In related news, insider Arthur D. Cook sold 10,000 shares of the business’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $164.11, for a total value of $1,641,100.00. Following the completion of the transaction, the insider now directly owns 65,357 shares in the company, valued at approximately $10,725,737.27. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Arthur D. Cook sold 2,000 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $161.00, for a total transaction of $322,000.00. Following the completion of the transaction, the insider now owns 55,357 shares of the company’s stock, valued at $8,912,477. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,766 shares of company stock valued at $11,473,167. Company insiders own 6.00% of the company’s stock.

POOL has been the topic of several recent research reports. BidaskClub downgraded shares of Pool from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research raised shares of Pool from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a report on Monday, October 15th. Jefferies Financial Group initiated coverage on shares of Pool in a report on Friday, October 12th. They issued a “hold” rating and a $145.00 price objective on the stock. Finally, Robert W. Baird dropped their price objective on shares of Pool from $163.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, October 19th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $156.60.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

Further Reading: Fiduciary

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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