NewEdge Wealth LLC decreased its stake in Pool Corporation (NASDAQ:POOL – Free Report) by 23.5% in the 4th quarter, Holdings Channel reports. The firm owned 10,848 shares of the specialty retailer’s stock after selling 3,338 shares during the quarter. NewEdge Wealth LLC’s holdings in Pool were worth $2,481,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in POOL. Wellington Management Group LLP raised its holdings in Pool by 16.2% during the third quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock worth $794,825,000 after purchasing an additional 357,643 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Pool by 0.3% during the third quarter. Envestnet Asset Management Inc. now owns 438,476 shares of the specialty retailer’s stock worth $135,958,000 after purchasing an additional 1,337 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Pool by 0.7% during the third quarter. Raymond James Financial Inc. now owns 356,856 shares of the specialty retailer’s stock worth $110,650,000 after purchasing an additional 2,635 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Pool by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 324,471 shares of the specialty retailer’s stock worth $100,611,000 after purchasing an additional 9,874 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Pool by 11.5% during the third quarter. American Century Companies Inc. now owns 301,343 shares of the specialty retailer’s stock worth $93,437,000 after purchasing an additional 31,117 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.
Insider Buying and Selling
In other news, Director David G. Whalen bought 525 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was bought at an average price of $190.44 per share, for a total transaction of $99,981.00. Following the transaction, the director owned 8,936 shares in the company, valued at $1,701,771.84. The trade was a 6.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John E. Stokely bought 1,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was purchased at an average price of $193.06 per share, with a total value of $193,060.00. Following the transaction, the director owned 16,230 shares in the company, valued at approximately $3,133,363.80. This represents a 6.57% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 22,549 shares of company stock worth $4,524,052. 3.00% of the stock is currently owned by insiders.
Pool News Summary
- Positive Sentiment: Director David G. Whalen disclosed a purchase of 525 shares at $190.44 each, a sign of insider confidence that can support investor sentiment. SEC Form 4 filing
- Neutral Sentiment: Pool began the week with another round of insider-buying coverage, reinforcing that management and directors appear willing to add shares near recent lows. Insider Buying: Pool (NASDAQ:POOL) Director Purchases $193,060.00 in Stock
- Neutral Sentiment: Stifel Nicolaus cut its price target on Pool from $240 to $210 and kept a hold rating, which suggests analysts see limited near-term upside even after the stock’s decline. Benzinga/The Fly report
- Neutral Sentiment: Other articles in the news feed are about unrelated “pool” topics or non-POOL companies, and should not materially affect Pool Corporation’s shares.
- Negative Sentiment: No fresh earnings, guidance, or major contract news was reported in these articles, so the main catalyst appears to be ongoing concern about valuation and demand expectations rather than a new fundamental boost.
Pool Price Performance
POOL stock opened at $182.33 on Wednesday. Pool Corporation has a 1 year low of $181.10 and a 1 year high of $345.00. The firm has a market cap of $6.64 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 2.34 and a beta of 1.16. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 1.87. The stock has a 50-day simple moving average of $209.88 and a 200-day simple moving average of $235.19.
Pool (NASDAQ:POOL – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.82 billion. Pool had a return on equity of 32.37% and a net margin of 7.57%.Pool’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.32 EPS. Pool has set its FY 2026 guidance at 10.870-11.170 EPS. On average, equities analysts predict that Pool Corporation will post 11.08 earnings per share for the current fiscal year.
Pool declared that its board has approved a stock buyback plan on Wednesday, April 29th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the specialty retailer to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
Pool Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, May 14th. This is a positive change from Pool’s previous quarterly dividend of $1.25. Pool’s payout ratio is 46.00%.
Analysts Set New Price Targets
POOL has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft set a $246.00 target price on shares of Pool in a research report on Friday, February 20th. The Goldman Sachs Group cut their target price on shares of Pool from $360.00 to $310.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Zacks Research upgraded shares of Pool from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Stifel Nicolaus cut their target price on shares of Pool from $240.00 to $210.00 and set a “hold” rating for the company in a research report on Monday. Finally, Wells Fargo & Company reduced their price objective on Pool from $230.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $261.38.
View Our Latest Analysis on POOL
Pool Company Profile
Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.
The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.
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