Copeland Capital Management LLC Cuts Holdings in Pool Corporation $POOL

Key Points

• Copeland Capital Management LLC reduced its holdings in Pool Corporation by 33.8%, owning 82,839 shares worth approximately $24.1 million after selling 42,334 shares in the 2nd quarter.
• Research analysts have increased price targets for Pool Corporation, with notable upgrades from Robert W. Baird (from $310 to $340) and Oppenheimer (from $322 to $346).
• Pool Corporation recently announced a quarterly dividend of $1.25, translating to an annual yield of 1.6% and a payout ratio of 46.13%.

Copeland Capital Management LLC decreased its stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 33.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,839 shares of the specialty retailer's stock after selling 42,334 shares during the quarter. Copeland Capital Management LLC owned approximately 0.22% of Pool worth $24,146,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Amalgamated Bank increased its holdings in Pool by 3.1% during the 1st quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer's stock worth $2,571,000 after purchasing an additional 246 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Pool by 12.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,954 shares of the specialty retailer's stock worth $1,560,000 after purchasing an additional 559 shares during the period. MFG Wealth Management Inc. purchased a new stake in Pool during the 1st quarter worth about $921,000. Virtu Financial LLC purchased a new stake in Pool during the 1st quarter worth about $1,084,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Pool by 17.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,755 shares of the specialty retailer's stock worth $22,525,000 after purchasing an additional 10,421 shares during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

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

Pool Stock Up 0.9%

Pool stock opened at $312.05 on Friday. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The stock has a 50 day moving average of $316.32 and a two-hundred day moving average of $308.72. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 4.28 and a beta of 1.11.

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

Pool Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 14th. Pool's dividend payout ratio (DPR) is presently 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.

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