Advisors Capital Management LLC Invests $6.25 Million in Pool Corporation $POOL

Advisors Capital Management LLC purchased a new stake in Pool Corporation (NASDAQ:POOL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,078 shares of the specialty retailer's stock, valued at approximately $6,249,000. Advisors Capital Management LLC owned 0.08% of Pool at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in POOL. BlackRock Inc. acquired a new stake in Pool in the 2nd quarter worth about $866,576,000. Wellington Management Group LLP raised its holdings in 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 in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Pool by 3,831.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,001,987 shares of the specialty retailer's stock valued at $457,955,000 after acquiring an additional 1,951,070 shares in the last quarter. Morgan Stanley raised its holdings in Pool by 1.8% in the 4th quarter. Morgan Stanley now owns 1,371,772 shares of the specialty retailer's stock valued at $313,794,000 after acquiring an additional 23,736 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Pool by 21.6% during the 4th quarter. Invesco Ltd. now owns 837,658 shares of the specialty retailer's stock valued at $191,614,000 after acquiring an additional 148,519 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Robert W. Baird set a $260.00 price target on Pool in a research report on Friday, July 24th. Stifel Nicolaus decreased their target price on shares of Pool from $235.00 to $189.00 and set a "hold" rating on the stock in a report on Friday, July 24th. Bank of America dropped their target price on shares of Pool from $226.00 to $206.00 and set an "underperform" rating for the company in a research report on Monday, July 20th. Wall Street Zen upgraded shares of Pool from a "sell" rating to a "hold" rating in a research report on Monday, April 27th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Pool in a research note on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $235.67.

Pool Stock Down 2.9%

Shares of NASDAQ:POOL opened at $190.33 on Friday. Pool Corporation has a 52-week low of $172.68 and a 52-week high of $336.15. The company has a market capitalization of $6.92 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.65 and a beta of 1.06. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.91 and a current ratio of 2.67. The company has a fifty day moving average of $200.66 and a 200-day moving average of $207.68.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.05. The company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.82 billion. Pool had a return on equity of 32.74% and a net margin of 7.40%.The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $5.17 earnings per share. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. On average, equities analysts predict that Pool Corporation will post 10.94 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a dividend of $1.30 per share. The ex-dividend date is Thursday, August 13th. This represents a $5.20 annualized dividend and a dividend yield of 2.7%. Pool's dividend payout ratio is 47.84%.

Pool announced that its board has approved a stock repurchase program on Wednesday, April 29th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the specialty retailer to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

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.

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