JPMorgan Chase & Co. Decreases Stock Holdings in Pool Corporation $POOL

JPMorgan Chase & Co. lessened its holdings in Pool Corporation (NASDAQ:POOL) by 13.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 274,006 shares of the specialty retailer’s stock after selling 41,067 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.74% of Pool worth $84,964,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of POOL. Berkshire Hathaway Inc lifted its holdings in Pool by 136.3% during the 2nd quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock worth $1,008,196,000 after buying an additional 1,994,885 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Pool by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock valued at $794,825,000 after acquiring an additional 357,643 shares during the last quarter. Invesco Ltd. increased 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 acquiring an additional 70,075 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Pool by 0.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 438,476 shares of the specialty retailer’s stock worth $135,958,000 after acquiring an additional 1,337 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Pool during the 2nd quarter worth about $113,617,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Trading Down 2.4%

NASDAQ:POOL opened at $205.77 on Thursday. The company has a market capitalization of $7.57 billion, a PE ratio of 18.98, a P/E/G ratio of 2.63 and a beta of 1.25. Pool Corporation has a 52-week low of $203.80 and a 52-week high of $345.00. The stock’s 50 day moving average price is $243.05 and its 200 day moving average price is $261.78. The company has a quick ratio of 0.59, a current ratio of 2.24 and a debt-to-equity ratio of 1.00.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.15). The firm had revenue of $982.21 million during the quarter, compared to analysts’ expectations of $999.14 million. Pool had a net margin of 7.67% and a return on equity of 31.49%. Pool’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 EPS. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. On average, research analysts anticipate that Pool Corporation will post 11.32 EPS for the current year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a $1.25 dividend. The ex-dividend date is Thursday, March 12th. This represents a $5.00 annualized dividend and a yield of 2.4%. Pool’s dividend payout ratio is 46.13%.

Insider Buying and Selling

In other Pool news, SVP Romain Kenneth G. St purchased 5,560 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was purchased at an average price of $218.67 per share, for a total transaction of $1,215,805.20. Following the purchase, the senior vice president directly owned 82,845 shares in the company, valued at approximately $18,115,716.15. This trade represents a 7.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Melanie M. Hart sold 2,750 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $220.00, for a total transaction of $605,000.00. Following the transaction, the chief financial officer directly owned 18,039 shares in the company, valued at $3,968,580. The trade was a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on POOL. Deutsche Bank Aktiengesellschaft set a $246.00 price target on Pool in a report on Friday, February 20th. Cfra raised shares of Pool from a “hold” rating to a “buy” rating and set a $304.00 price objective on the stock in a report on Monday, December 22nd. Robert W. Baird reduced their price objective on shares of Pool from $320.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Oppenheimer lowered their target price on shares of Pool from $346.00 to $280.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Finally, Stifel Nicolaus dropped their target price on shares of Pool from $240.00 to $232.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Pool currently has an average rating of “Hold” and an average target price of $281.50.

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.