Taylor Frigon Capital Management LLC Has $1.10 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

Taylor Frigon Capital Management LLC raised its stake in Pool Co. (NASDAQ:POOLGet Rating) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,461 shares of the specialty retailer’s stock after acquiring an additional 66 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Pool were worth $1,101,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. TCI Wealth Advisors Inc. raised its holdings in shares of Pool by 143.8% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 78 shares of the specialty retailer’s stock worth $27,000 after buying an additional 46 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Pool by 226.5% during the 2nd quarter. SRS Capital Advisors Inc. now owns 111 shares of the specialty retailer’s stock worth $39,000 after buying an additional 77 shares in the last quarter. Pinnacle Financial Partners Inc. acquired a new position in shares of Pool during the 3rd quarter worth $43,000. Fieldpoint Private Securities LLC raised its holdings in shares of Pool by 70.0% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 136 shares of the specialty retailer’s stock worth $48,000 after buying an additional 56 shares in the last quarter. Finally, IMA Wealth Inc. grew its position in Pool by 204.1% during the 2nd quarter. IMA Wealth Inc. now owns 149 shares of the specialty retailer’s stock worth $52,000 after acquiring an additional 100 shares during the last quarter. 98.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research report on Wednesday, January 11th. Stephens reduced their price objective on Pool from $400.00 to $340.00 in a research report on Wednesday, October 19th. KeyCorp upped their price target on Pool from $345.00 to $387.00 in a research note on Wednesday. Robert W. Baird lowered their price objective on Pool from $398.00 to $368.00 and set a “neutral” rating for the company in a research note on Friday, October 21st. Finally, Bank of America assumed coverage on Pool in a research note on Thursday, December 15th. They issued an “underperform” rating and a $291.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Pool presently has a consensus rating of “Hold” and an average price target of $396.09.

Pool Stock Performance

Shares of POOL traded down $5.78 on Wednesday, reaching $358.48. 109,463 shares of the company’s stock traded hands, compared to its average volume of 431,373. The company has a current ratio of 2.98, a quick ratio of 0.90 and a debt-to-equity ratio of 1.26. The stock has a market cap of $14.00 billion, a PE ratio of 18.71, a PEG ratio of 2.55 and a beta of 0.84. The stock’s 50 day simple moving average is $325.00 and its two-hundred day simple moving average is $335.23. Pool Co. has a 52-week low of $278.10 and a 52-week high of $488.75.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Thursday, November 10th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, November 9th. Pool’s dividend payout ratio (DPR) is 20.54%.

Pool Company Profile

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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; fiberglass pools, and hot tubs and 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 related products consisting of irrigation system components, and professional lawn care equipment and supplies.

See Also

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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