Montrusco Bolton Investments Inc. Takes $10.86 Million Position in Pool Corporation $POOL

Key Points

• Montrusco Bolton Investments Inc. has acquired a stake worth approximately $10.86 million in Pool Corporation, increasing its ownership to about 0.10% of the company's shares.
• Multiple large investors have modified their positions in Pool, with significant increases from Brooklyn Investment Group and Geneos Wealth Management Inc., indicating growing institutional interest.
• Analysts have mixed opinions on the stock, with a consensus rating of "Hold" and price targets ranging up to $342.14, reflecting cautious optimism regarding Pool Corporation's future performance.

Montrusco Bolton Investments Inc. bought a new stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 37,245 shares of the specialty retailer's stock, valued at approximately $10,856,000. Montrusco Bolton Investments Inc. owned about 0.10% of Pool at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in POOL. Brooklyn Investment Group increased its position in shares of 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 purchasing an additional 51 shares during the last quarter. WPG Advisers LLC purchased a new stake in Pool in the 1st quarter worth about $49,000. Steph & Co. purchased a new stake in Pool in the 2nd quarter worth about $49,000. Geneos Wealth Management Inc. increased its holdings in Pool by 164.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer's stock worth $50,000 after acquiring an additional 97 shares during the last quarter. Finally, CX Institutional purchased a new stake in Pool in the 1st quarter worth about $66,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on POOL. Wells Fargo & Company lifted their price objective on Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. KeyCorp began coverage on Pool in a report on Tuesday, September 30th. They issued a "sector weight" rating for the company. Robert W. Baird lifted their price objective on Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Pool in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $342.14.

Pool Stock Down 2.1%

Shares of NASDAQ POOL opened at $289.91 on Monday. Pool Corporation has a 52 week low of $282.22 and a 52 week high of $395.60. The business has a 50-day simple moving average of $314.60 and a two-hundred day simple moving average of $307.55. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. The company has a market cap of $10.82 billion, a P/E ratio of 26.74, a P/E/G ratio of 3.50 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 EPS 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 business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the company earned $4.99 EPS. The firm's revenue was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Research analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $1.25 per share. 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 (DPR) is 46.13%.

Pool Company 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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