Aberdeen Group plc Has $10.01 Million Stake in Pool Corporation $POOL

Key Points

• Aberdeen Group plc increased its stake in Pool Corporation to approximately $10.01 million, owning 34,334 shares after a 3.7% increase in the 2nd quarter.
• Pool Corporation reported a quarterly earnings per share (EPS) of $5.17, exceeding analysts' expectations, with a revenue of $1.78 billion for the quarter.
• The company declared a quarterly dividend of $1.25 per share, which translates to an annualized dividend yield of 1.7%, reflecting a payout ratio of 46.13%.

Aberdeen Group plc grew its position in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,334 shares of the specialty retailer's stock after buying an additional 1,224 shares during the quarter. Aberdeen Group plc owned approximately 0.09% of Pool worth $10,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in POOL. Mawer Investment Management Ltd. acquired a new stake in shares of Pool during the 1st quarter valued at about $168,735,000. Massachusetts Financial Services Co. MA acquired a new stake in Pool in the 1st quarter worth approximately $144,901,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Pool by 2.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer's stock worth $716,422,000 after purchasing an additional 50,566 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Pool by 3.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer's stock worth $409,054,000 after purchasing an additional 44,897 shares during the last quarter. Finally, Select Equity Group L.P. acquired a new stake in Pool in the 1st quarter worth approximately $11,852,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Stock Down 1.7%

Shares of POOL stock opened at $290.44 on Thursday. Pool Corporation has a 12 month low of $282.22 and a 12 month high of $395.60. The firm has a market cap of $10.84 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 3.56 and a beta of 1.11. The stock has a 50 day moving average of $313.52 and a 200-day moving average of $307.19. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93.

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

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, August 14th. Pool's dividend payout ratio is presently 46.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on POOL shares. William Blair restated a "market perform" rating on shares of Pool in a report on Wednesday. Oppenheimer boosted their target price on Pool from $322.00 to $346.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Wells Fargo & Company boosted their target price on Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Finally, Robert W. Baird boosted their target price on Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $342.14.

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.

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