Sumitomo Mitsui Trust Group Inc. Sells 11,582 Shares of Pool Corporation $POOL

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Pool Corporation (NASDAQ:POOL) by 13.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 77,441 shares of the specialty retailer’s stock after selling 11,582 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Pool were worth $24,012,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearstead Trust LLC bought a new stake in Pool in the second quarter valued at $25,000. CYBER HORNET ETFs LLC bought a new position in Pool in the 2nd quarter worth $30,000. Chilton Capital Management LLC purchased a new stake in shares of Pool in the 2nd quarter worth about $30,000. MUFG Securities EMEA plc bought a new stake in shares of Pool during the 2nd quarter valued at about $33,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in shares of Pool during the second quarter valued at about $34,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

POOL has been the subject of several research analyst reports. Baird R W upgraded shares of Pool from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Cfra upgraded Pool from a “hold” rating to a “buy” rating and set a $304.00 target price for the company in a research note on Monday, December 22nd. The Goldman Sachs Group dropped their price target on Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a research report on Tuesday. Guggenheim initiated coverage on Pool in a report on Wednesday, October 8th. They issued a “neutral” rating for the company. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a research report on Monday, December 29th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $308.00.

Pool Stock Performance

Pool stock opened at $267.99 on Friday. Pool Corporation has a twelve month low of $226.10 and a twelve month 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 company has a market capitalization of $9.98 billion, a P/E ratio of 24.43, a PEG ratio of 4.71 and a beta of 1.23. The stock’s 50 day moving average is $241.18 and its 200 day moving average is $283.20.

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

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, November 12th. Pool’s dividend 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.