Pool Corporation $POOL Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. lowered its stake in shares of Pool Corporation (NASDAQ:POOL) by 43.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,825 shares of the specialty retailer’s stock after selling 2,180 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Pool were worth $823,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Chilton Capital Management LLC acquired a new position in shares of Pool during the 2nd quarter valued at about $30,000. Mid American Wealth Advisory Group Inc. purchased a new position in Pool in the second quarter valued at approximately $34,000. Brooklyn Investment Group raised its holdings in Pool by 53.1% in the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 51 shares during the period. WPG Advisers LLC purchased a new position in Pool in the first quarter valued at approximately $49,000. Finally, Steph & Co. purchased a new position in Pool in the second quarter valued at approximately $49,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Down 3.7%

Shares of NASDAQ:POOL opened at $266.90 on Monday. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. Pool Corporation has a 52-week low of $266.00 and a 52-week high of $395.60. The company has a 50 day moving average of $307.05 and a two-hundred day moving average of $305.49. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 3.94 and a beta of 1.11.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.01. Pool had a net margin of 7.77% and a return on equity of 31.40%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company earned $3.26 earnings per share. Pool’s revenue for the quarter was up 1.3% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, analysts forecast that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.9%. Pool’s dividend payout ratio (DPR) is presently 45.58%.

Analyst Upgrades and Downgrades

POOL has been the topic of several research reports. Wells Fargo & Company raised their price target on shares of Pool from $300.00 to $320.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Robert W. Baird set a $345.00 price target on shares of Pool in a report on Friday, October 24th. Guggenheim initiated coverage on shares of Pool in a report on Wednesday, October 8th. They issued a “neutral” rating on the stock. Finally, The Goldman Sachs Group set a $360.00 price target on shares of Pool and gave the company a “buy” rating in a report on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Pool presently has an average rating of “Hold” and an average target price of $337.86.

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.