Litman Gregory Wealth Management LLC Purchases 599 Shares of Pool Corporation $POOL

Litman Gregory Wealth Management LLC lifted its position in shares of Pool Corporation (NASDAQ:POOL) by 5.6% during the second quarter, Holdings Channel.com reports. The firm owned 11,321 shares of the specialty retailer’s stock after purchasing an additional 599 shares during the period. Litman Gregory Wealth Management LLC’s holdings in Pool were worth $3,300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of POOL. Vanguard Group Inc. lifted its holdings in shares of Pool by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer’s stock valued at $1,418,646,000 after purchasing an additional 12,795 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Pool by 2.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer’s stock valued at $716,422,000 after buying an additional 50,566 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Pool by 3.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer’s stock valued at $409,054,000 after buying an additional 44,897 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Pool by 1.1% during the 1st quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer’s stock worth $335,562,000 after buying an additional 11,552 shares in the last quarter. Finally, Mawer Investment Management Ltd. purchased a new position in shares of Pool in the 1st quarter worth approximately $168,735,000. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on POOL shares. Wells Fargo & Company lifted their price target on Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. KeyCorp initiated coverage on Pool in a research note on Tuesday, September 30th. They set a “sector weight” rating on the stock. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Robert W. Baird raised their price objective on shares of Pool from $310.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Finally, Oppenheimer boosted their target price on shares of Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $342.14.

Pool Price Performance

Shares of NASDAQ:POOL opened at $309.61 on Monday. The stock has a market cap of $11.55 billion, a PE ratio of 28.56, a PEG ratio of 4.29 and a beta of 1.11. Pool Corporation has a 52 week low of $282.22 and a 52 week high of $395.60. The company’s fifty day moving average is $316.01 and its 200 day moving average is $308.43. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93.

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

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. Pool’s dividend payout ratio (DPR) is currently 46.13%.

About Pool

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.