Nordea Investment Management AB Has $52.84 Million Position in Pool Corporation $POOL

Key Points

• Nordea Investment Management AB increased its stake in Pool Corporation (NASDAQ: POOL) by 3.0% during Q2, now holding approximately $52.84 million worth of shares.
• Pool Corporation reported earnings of $5.17 EPS for the last quarter, slightly surpassing analyst estimates, with revenue reaching $1.78 billion.
• The company disclosed a quarterly dividend of $1.25 per share, translating to an annualized yield of 1.7% and a payout ratio of 46.13%.

Nordea Investment Management AB raised its stake in Pool Corporation (NASDAQ:POOL - Free Report) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 183,802 shares of the specialty retailer's stock after buying an additional 5,390 shares during the period. Nordea Investment Management AB owned about 0.49% of Pool worth $52,838,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group lifted its stake in shares of Pool by 53.1% in the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer's stock worth $47,000 after acquiring an additional 51 shares during the period. WPG Advisers LLC acquired a new position in shares of Pool in the 1st quarter worth approximately $49,000. Steph & Co. acquired a new position in shares of Pool in the 2nd quarter worth approximately $49,000. Geneos Wealth Management Inc. boosted its stake in shares of Pool by 164.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer's stock valued at $50,000 after purchasing an additional 97 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Pool by 20.3% during the first quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer's stock worth $72,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

Pool Stock Performance

Shares of Pool stock opened at $290.21 on Friday. The business has a 50-day simple moving average of $312.84 and a 200 day simple moving average of $306.67. Pool Corporation has a one year low of $282.22 and a one year high of $395.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. The firm has a market capitalization of $10.83 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 3.96 and a beta of 1.11.

Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, beating analysts' consensus estimates of $5.12 by $0.05. The firm had revenue of $1.78 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the firm posted $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $1.25 per share. The ex-dividend date was Thursday, August 14th. This represents a $5.00 annualized dividend and a yield of 1.7%. Pool's dividend payout ratio is presently 46.13%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. William Blair restated a "market perform" rating on shares of Pool in a report on Wednesday. Weiss Ratings reissued a "hold (c-)" rating on shares of Pool in a research note on Wednesday, October 8th. Wells Fargo & Company raised their target price on Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Oppenheimer lifted their target price on Pool from $322.00 to $346.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Finally, Robert W. Baird increased their price target on Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Pool presently has an average rating of "Hold" and a consensus target price of $342.14.

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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