Caledonia Investments PLC Has $44.55 Million Position in Pool Corporation $POOL

Key Points

• Caledonia Investments PLC increased its investment in Pool Corporation by 18.2% during Q2, holding $44.55 million worth of shares, which accounts for about 4.4% of its total portfolio.
• Pool Corporation reported $5.17 earnings per share for the last quarter, surpassing expectations, with a revenue increase of 0.9% year-over-year.
• The company has declared a quarterly dividend of $1.25 per share, representing a 1.6% yield based on its annual payout ratio of 46.13%.

Caledonia Investments PLC boosted its stake in Pool Corporation (NASDAQ:POOL - Free Report) by 18.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,887 shares of the specialty retailer's stock after buying an additional 23,500 shares during the quarter. Pool makes up about 4.4% of Caledonia Investments PLC's holdings, making the stock its 11th biggest position. Caledonia Investments PLC owned approximately 0.41% of Pool worth $44,550,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of POOL. AdvisorNet Financial Inc increased its position in Pool by 7.8% during the first quarter. AdvisorNet Financial Inc now owns 468 shares of the specialty retailer's stock worth $149,000 after buying an additional 34 shares during the last quarter. PUREfi Wealth LLC raised its stake in shares of Pool by 5.2% in the 1st quarter. PUREfi Wealth LLC now owns 773 shares of the specialty retailer's stock valued at $246,000 after acquiring an additional 38 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Pool by 20.3% in the 1st quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer's stock valued at $72,000 after acquiring an additional 38 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Pool by 4.4% in the 1st quarter. First Horizon Advisors Inc. now owns 901 shares of the specialty retailer's stock valued at $287,000 after acquiring an additional 38 shares in the last quarter. Finally, Cim LLC raised its stake in shares of Pool by 1.3% in the 1st quarter. Cim LLC now owns 2,993 shares of the specialty retailer's stock valued at $953,000 after acquiring an additional 38 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Price Performance

Shares of NASDAQ:POOL opened at $310.90 on Tuesday. Pool Corporation has a 1-year low of $282.22 and a 1-year high of $395.60. The firm has a market capitalization of $11.60 billion, a PE ratio of 28.68, a PEG ratio of 4.24 and a beta of 1.08. The business's 50 day moving average is $316.85 and its 200-day moving average is $308.81. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93.

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, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the firm earned $4.99 EPS. Pool's revenue for the quarter was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Sell-side analysts predict that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $1.25 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $5.00 annualized dividend and a yield of 1.6%. Pool's payout ratio is currently 46.13%.

Analyst Ratings Changes

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

About Pool

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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