Tokio Marine Asset Management Co. Ltd. Has $507,000 Position in Pool Corporation $POOL

Tokio Marine Asset Management Co. Ltd. lessened its position in Pool Corporation (NASDAQ:POOL) by 95.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,635 shares of the specialty retailer’s stock after selling 33,446 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Pool were worth $507,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Berkshire Hathaway Inc raised its holdings in shares of Pool by 136.3% in the second quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock valued at $1,008,196,000 after purchasing an additional 1,994,885 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Pool by 11.1% in the 2nd quarter. Invesco Ltd. now owns 699,628 shares of the specialty retailer’s stock valued at $203,928,000 after buying an additional 70,075 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Pool by 35.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock valued at $179,564,000 after buying an additional 160,878 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Pool by 13.9% during the second quarter. William Blair Investment Management LLC now owns 586,310 shares of the specialty retailer’s stock worth $170,898,000 after buying an additional 71,373 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Pool by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 437,139 shares of the specialty retailer’s stock worth $127,417,000 after acquiring an additional 9,961 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on POOL shares. Wells Fargo & Company lowered their price objective on shares of Pool from $320.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Monday, December 15th. Guggenheim started coverage on Pool in a research note on Wednesday, October 8th. They issued a “neutral” rating on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research note on Monday, December 29th. Cfra raised shares of Pool from a “hold” rating to a “buy” rating and set a $304.00 price objective for the company in a research report on Monday, December 22nd. Finally, William Blair restated a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pool has a consensus rating of “Hold” and a consensus price target of $308.00.

Pool Stock Up 1.3%

POOL opened at $265.34 on Thursday. The stock has a fifty day moving average of $240.47 and a 200-day moving average of $283.48. The company has a market capitalization of $9.88 billion, a P/E ratio of 24.19, a P/E/G ratio of 4.61 and a beta of 1.23. Pool Corporation has a fifty-two week low of $226.10 and a fifty-two week high of $374.74. 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 released 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 business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. Pool had a net margin of 7.77% and a return on equity of 31.40%. Pool’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, equities analysts expect that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Wednesday, November 12th. Pool’s payout ratio is 45.58%.

About Pool

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.