Pool Corporation $POOL Stock Holdings Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in Pool Corporation (NASDAQ:POOL) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,023 shares of the specialty retailer’s stock after buying an additional 3,045 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Pool were worth $25,948,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Pool during the second quarter valued at $274,000. AlTi Global Inc. purchased a new position in shares of Pool during the second quarter valued at $1,108,000. Ethic Inc. purchased a new position in shares of Pool during the second quarter valued at $797,000. Whittier Trust Co. grew its holdings in shares of Pool by 14.0% during the 2nd quarter. Whittier Trust Co. now owns 375 shares of the specialty retailer’s stock valued at $109,000 after acquiring an additional 46 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in shares of Pool during the 2nd quarter valued at $34,000. Institutional investors own 98.99% of the company’s stock.

Pool Stock Down 2.3%

Shares of POOL opened at $286.95 on Wednesday. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 4.09 and a beta of 1.11. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. Pool Corporation has a 12 month low of $282.22 and a 12 month high of $395.60. The company has a 50-day moving average price of $309.44 and a two-hundred day moving average price of $306.17.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.01. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Pool had a net margin of 7.77% and a return on equity of 31.40%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities analysts predict that Pool Corporation will post 11.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on POOL. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. KeyCorp began coverage on shares of Pool in a report on Tuesday, September 30th. They set a “sector weight” rating on the stock. Oppenheimer boosted their price target on shares of Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. Robert W. Baird set a $345.00 target price on Pool in a report on Friday. Finally, Guggenheim assumed coverage on Pool in a report on Wednesday, October 8th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $337.86.

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.