1,050 Shares in Pool Corporation $POOL Bought by New England Research & Management Inc.

Key Points

• New England Research & Management Inc. acquired 1,050 shares of Pool Corporation for approximately $306,000 in the second quarter, while other institutional investors also increased their stakes significantly.
• Pool Corporation reported a quarterly earnings per share of $5.17, slightly exceeding analysts' estimates, with a net margin of 7.79% and year-over-year revenue growth of 0.9%.
• The company announced a quarterly dividend of $1.25 per share, resulting in an annualized dividend of $5.00 and a yield of 1.5%.

New England Research & Management Inc. purchased a new stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,050 shares of the specialty retailer's stock, valued at approximately $306,000.

Other institutional investors have also added to or reduced their stakes in the company. Mawer Investment Management Ltd. purchased a new stake in Pool in the first quarter worth about $168,735,000. Massachusetts Financial Services Co. MA purchased a new stake in Pool in the 1st quarter valued at about $144,901,000. GAMMA Investing LLC lifted its position in Pool by 33,549.5% during the first quarter. GAMMA Investing LLC now owns 259,774 shares of the specialty retailer's stock valued at $82,699,000 after acquiring an additional 259,002 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Pool by 2.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer's stock worth $716,422,000 after buying an additional 50,566 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Pool by 3.6% during the first quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer's stock valued at $409,054,000 after buying an additional 44,897 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on POOL shares. Robert W. Baird increased their price objective on shares of Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Wall Street Zen raised shares of Pool from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Oppenheimer raised their price target on shares of Pool from $322.00 to $346.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Finally, Wells Fargo & Company raised their price target on shares of Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $342.14.

Pool Price Performance

Shares of POOL stock opened at $324.78 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. The firm's 50-day moving average is $314.02 and its two-hundred day moving average is $310.82. Pool Corporation has a 12 month low of $282.22 and a 12 month high of $395.60. The company has a market capitalization of $12.12 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 4.52 and a beta of 1.08.

Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, beating analysts' consensus estimates of $5.12 by $0.05. The firm had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The business's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Analysts predict that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, August 14th. Pool's payout ratio is currently 46.13%.

Pool 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.

Want to see what other hedge funds are holding POOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pool Corporation (NASDAQ:POOL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.