Tritonpoint Wealth LLC Cuts Stock Position in Pool Corporation $POOL

Tritonpoint Wealth LLC decreased its holdings in shares of Pool Corporation (NASDAQ:POOL) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 887 shares of the specialty retailer’s stock after selling 35 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Pool were worth $259,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Patton Fund Management Inc. purchased a new stake in shares of Pool during the second quarter worth $220,000. Congress Asset Management Co. lifted its position in Pool by 1.3% in the second quarter. Congress Asset Management Co. now owns 42,404 shares of the specialty retailer’s stock valued at $12,360,000 after buying an additional 549 shares during the last quarter. Steph & Co. acquired a new position in Pool in the second quarter valued at about $49,000. Covea Finance increased its stake in Pool by 73.3% during the second quarter. Covea Finance now owns 10,400 shares of the specialty retailer’s stock worth $3,031,000 after purchasing an additional 4,400 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in Pool during the second quarter worth about $848,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on POOL shares. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Oppenheimer upped their target price 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 upped their target price on shares of Pool from $310.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company upped their target price on shares of Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $342.14.

Pool Stock Performance

Shares of Pool stock opened at $310.90 on Tuesday. The firm has a market capitalization of $11.60 billion, a P/E ratio of 28.68, a P/E/G ratio of 4.24 and a beta of 1.08. Pool Corporation has a 52 week low of $282.22 and a 52 week high of $395.60. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. The firm’s 50 day moving average is $316.85 and its two-hundred day moving average is $308.81.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, beating the consensus estimate of $5.12 by $0.05. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Research analysts forecast that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The company 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. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 14th. Pool’s dividend payout ratio is presently 46.13%.

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.