Cullen Investment Group LTD. Increases Stock Position in Pool Corporation $POOL

Key Points

• Cullen Investment Group LTD. increased its stock holdings in Pool Corporation by 7.3%, owning 13,676 shares worth approximately $3,986,000 after acquiring an additional 934 shares in the second quarter.
• Several institutional investors modified their holdings of Pool Corporation, with Mawer Investment Management Ltd. and Massachusetts Financial Services Co. MA investing significantly, boosting total institutional ownership to 98.99%.
• Pool Corporation reported earnings of $5.17 per share for the recent quarter, exceeding analysts' expectations, along with announcing a quarterly dividend of $1.25 per share and setting FY 2025 earnings guidance between 10.700-11.200 EPS.

Cullen Investment Group LTD. raised its position in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,676 shares of the specialty retailer's stock after acquiring an additional 934 shares during the quarter. Cullen Investment Group LTD.'s holdings in Pool were worth $3,986,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of POOL. Whipplewood Advisors LLC boosted its position in Pool by 471.4% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 66 shares in the last quarter. City Holding Co. bought a new stake in Pool during the 1st quarter valued at approximately $26,000. Sentry Investment Management LLC bought a new stake in Pool during the 1st quarter valued at approximately $30,000. Versant Capital Management Inc boosted its position in Pool by 790.9% during the 1st quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer's stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in Pool by 53.1% during the 1st quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer's stock valued at $47,000 after acquiring an additional 51 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Pool Stock Down 0.4%

Shares of POOL stock traded down $1.20 during trading hours on Monday, hitting $324.78. 400,971 shares of the company's stock traded hands, compared to its average volume of 464,250. The stock's fifty day simple moving average is $314.02 and its two-hundred day simple moving average is $310.82. Pool Corporation has a 12-month low of $282.22 and a 12-month high of $395.60. The stock has a market cap of $12.12 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 4.52 and a beta of 1.08. 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 announced its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, topping analysts' consensus estimates of $5.12 by $0.05. Pool had a net margin of 7.79% and a return on equity of 30.99%. 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 business earned $4.99 EPS. The firm's revenue for the quarter was up .9% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, analysts expect that Pool Corporation will post 11.32 EPS for the current year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, August 14th. Pool's payout ratio 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.