Pool Corporation $POOL Stake Lowered by Carnegie Investment Counsel

Carnegie Investment Counsel reduced its stake in shares of Pool Corporation (NASDAQ:POOL) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,282 shares of the specialty retailer’s stock after selling 337 shares during the period. Carnegie Investment Counsel’s holdings in Pool were worth $1,831,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Pool during the 2nd quarter valued at $34,000. Brooklyn Investment Group grew its holdings in shares of Pool by 53.1% during the 1st quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 51 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of Pool during the 1st quarter valued at $49,000. Geneos Wealth Management Inc. grew its holdings in shares of Pool by 164.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock valued at $50,000 after acquiring an additional 97 shares in the last quarter. Finally, Steph & Co. purchased a new position in shares of Pool during the 2nd quarter valued at $49,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on POOL. The Goldman Sachs Group set a $360.00 price target on shares of Pool and gave the company a “buy” rating in a report on Thursday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pool in a report on Saturday. KeyCorp initiated coverage on shares of Pool in a report on Tuesday, September 30th. They issued a “sector weight” rating for the company. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Robert W. Baird set a $345.00 price objective on shares of Pool in a report on Friday. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pool presently has a consensus rating of “Hold” and an average price target of $337.86.

Pool Trading Down 2.2%

Shares of NASDAQ:POOL opened at $293.75 on Friday. The company has a market cap of $10.96 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.94 and a beta of 1.11. The stock’s 50-day moving average is $310.65 and its 200-day moving average is $306.49. Pool Corporation has a 52-week low of $282.22 and a 52-week high of $395.60. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57.

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

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, August 14th. Pool’s dividend payout ratio (DPR) is currently 45.58%.

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.