Bank of New York Mellon Corp Has $109.31 Million Stake in Pool Corporation $POOL

Bank of New York Mellon Corp trimmed its stake in Pool Corporation (NASDAQ:POOL) by 15.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 375,027 shares of the specialty retailer’s stock after selling 69,310 shares during the quarter. Bank of New York Mellon Corp owned 1.00% of Pool worth $109,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Pool by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer’s stock worth $1,418,646,000 after buying an additional 12,795 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Pool by 2.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer’s stock worth $716,422,000 after acquiring an additional 50,566 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Pool by 3.6% during the first quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer’s stock worth $409,054,000 after acquiring an additional 44,897 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Pool by 1.1% during the first quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer’s stock worth $335,562,000 after acquiring an additional 11,552 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in Pool by 13.9% during the second quarter. William Blair Investment Management LLC now owns 586,310 shares of the specialty retailer’s stock valued at $170,898,000 after purchasing an additional 71,373 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. William Blair reaffirmed a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. Oppenheimer boosted their price target on Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Pool in a report on Wednesday, October 8th. Robert W. Baird set a $345.00 target price on shares of Pool in a research note on Friday, October 24th. Finally, Guggenheim initiated coverage on shares of Pool in a research report on Wednesday, October 8th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $337.86.

Pool Stock Performance

Shares of NASDAQ POOL opened at $252.01 on Friday. The business’s 50-day simple moving average is $300.80 and its 200-day simple moving average is $303.76. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57. Pool Corporation has a 52 week low of $242.10 and a 52 week high of $395.60. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 3.94 and a beta of 1.12.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.01. Pool had a return on equity of 31.40% and a net margin of 7.77%.The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the company earned $3.26 EPS. The company’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, equities research analysts expect that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 12th. Pool’s dividend payout ratio is currently 45.58%.

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.