Janney Montgomery Scott LLC Buys Shares of 24,326 Pool Co. (NASDAQ:POOL)

Janney Montgomery Scott LLC purchased a new position in shares of Pool Co. (NASDAQ:POOL) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 24,326 shares of the specialty retailer’s stock, valued at approximately $8,294,000. Janney Montgomery Scott LLC owned 0.06% of Pool as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its holdings in shares of Pool by 0.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,578 shares of the specialty retailer’s stock worth $5,993,000 after buying an additional 54 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in Pool by 5.8% during the 4th quarter. Atomi Financial Group Inc. now owns 1,653 shares of the specialty retailer’s stock worth $563,000 after acquiring an additional 90 shares during the period. Chesley Taft & Associates LLC purchased a new stake in Pool in the 4th quarter worth approximately $960,000. Crossmark Global Holdings Inc. boosted its holdings in Pool by 9.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 3,912 shares of the specialty retailer’s stock valued at $1,334,000 after purchasing an additional 345 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC grew its position in shares of Pool by 6.5% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 2,958 shares of the specialty retailer’s stock valued at $1,009,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Up 1.8 %

Shares of POOL opened at $360.03 on Tuesday. The firm has a market capitalization of $13.70 billion, a P/E ratio of 30.98, a P/E/G ratio of 2.02 and a beta of 1.03. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The firm has a fifty day moving average price of $355.68 and a 200-day moving average price of $356.54. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors 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 1.33%. The ex-dividend date was Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is currently 41.31%.

Wall Street Analysts Forecast Growth

POOL has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Loop Capital boosted their price target on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Oppenheimer increased their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research report on Sunday, January 19th. Finally, Stifel Nicolaus raised their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $369.25.

About Pool

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.