Pool Corporation $POOL Shares Purchased by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC raised its position in Pool Corporation (NASDAQ:POOL) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,317 shares of the specialty retailer’s stock after purchasing an additional 2,024 shares during the quarter. Pool accounts for approximately 1.7% of Waters Parkerson & CO. LLC’s portfolio, making the stock its 19th largest position. Waters Parkerson & CO. LLC owned about 0.31% of Pool worth $35,446,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clearstead Trust LLC purchased a new stake in shares of Pool in the 2nd quarter valued at $25,000. CYBER HORNET ETFs LLC acquired a new position in Pool in the 2nd quarter valued at about $30,000. Chilton Capital Management LLC purchased a new stake in Pool during the second quarter worth about $30,000. MUFG Securities EMEA plc acquired a new stake in shares of Pool during the second quarter worth about $33,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Pool during the second quarter worth about $34,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on POOL. KeyCorp assumed coverage on shares of Pool in a report on Tuesday, September 30th. They issued a “sector weight” rating for the company. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research note on Monday, December 29th. Wells Fargo & Company reduced their price objective on 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 initiated coverage on Pool in a report on Wednesday, October 8th. They issued a “neutral” rating for the company. Finally, The Goldman Sachs Group cut their price target on Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a report on Tuesday. 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 issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $308.00.

Pool Stock Performance

Shares of POOL opened at $267.99 on Friday. The company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. Pool Corporation has a 52-week low of $226.10 and a 52-week high of $374.74. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average price of $241.18 and a 200 day moving average price of $283.20.

Pool (NASDAQ:POOL) last issued its 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 business 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.26 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Research analysts predict that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

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

Pool Company Profile

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.