CX Institutional Sells 85 Shares of Pool Corporation $POOL

CX Institutional reduced its position in Pool Corporation (NASDAQ:POOL) by 41.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121 shares of the specialty retailer’s stock after selling 85 shares during the quarter. CX Institutional’s holdings in Pool were worth $35,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank boosted its holdings in Pool by 49.4% in the 4th quarter. Toronto Dominion Bank now owns 20,395 shares of the specialty retailer’s stock valued at $6,953,000 after purchasing an additional 6,744 shares during the period. Forum Financial Management LP purchased a new stake in shares of Pool in the fourth quarter worth $212,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Pool during the fourth quarter valued at $6,414,000. Lansforsakringar Fondforvaltning AB publ purchased a new position in Pool during the fourth quarter worth about $4,190,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Pool by 101.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 222 shares of the specialty retailer’s stock worth $71,000 after acquiring an additional 112 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Down 1.8%

Shares of NASDAQ POOL opened at $305.08 on Friday. The stock has a market capitalization of $11.39 billion, a P/E ratio of 28.14, a PEG ratio of 4.31 and a beta of 1.08. Pool Corporation has a one year low of $282.22 and a one year high of $395.60. The firm’s 50 day simple moving average is $316.47 and its two-hundred day simple moving average is $309.43. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.12 by $0.05. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, analysts expect that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $1.25 dividend. The ex-dividend date was Thursday, August 14th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. Pool’s payout ratio is currently 46.13%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on POOL shares. Wells Fargo & Company boosted their price objective on Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Oppenheimer boosted their price target on shares of Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. Robert W. Baird raised their price objective on shares of Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Finally, Wall Street Zen raised shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $342.14.

Pool Company 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.