Pool Corporation $POOL Position Trimmed by Diligent Investors LLC

Key Points

• Diligent Investors LLC reduced its stake in Pool Corporation by 14.9% in Q2, owning 4,856 shares valued at approximately $1.4 million post-sale.
• Pool Corporation reported Q2 earnings of $5.17 EPS, surpassing expectations, with a slight increase in revenue to $1.78 billion year-over-year.
• In addition to recent financial activity, Pool announced a quarterly dividend of $1.25, yielding 1.6%, with a payout ratio of 46.13%.

Diligent Investors LLC lessened its stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 14.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,856 shares of the specialty retailer's stock after selling 849 shares during the period. Diligent Investors LLC's holdings in Pool were worth $1,415,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of POOL. Amalgamated Bank grew its holdings in shares of Pool by 3.1% during the first quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer's stock valued at $2,571,000 after buying an additional 246 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Pool by 12.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,954 shares of the specialty retailer's stock valued at $1,560,000 after purchasing an additional 559 shares during the last quarter. MFG Wealth Management Inc. bought a new stake in Pool in the first quarter worth approximately $921,000. Virtu Financial LLC bought a new stake in Pool in the first quarter worth approximately $1,084,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Pool by 17.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,755 shares of the specialty retailer's stock valued at $22,525,000 after buying an additional 10,421 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Trading Down 0.8%

Shares of Pool stock opened at $309.61 on Friday. The stock has a market capitalization of $11.55 billion, a P/E ratio of 28.56, a price-to-earnings-growth ratio of 4.32 and a beta of 1.11. 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 Corporation has a 12-month low of $282.22 and a 12-month high of $395.60. The company has a 50-day simple moving average of $316.01 and a 200 day simple moving average of $308.61.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company posted $4.99 EPS. The business'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. Research analysts expect that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently commented on POOL shares. Wells Fargo & Company lifted their target price on shares of Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Oppenheimer boosted their target price on shares of Pool from $322.00 to $346.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. Robert W. Baird raised their price target on shares of Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Pool in a research note on Saturday, September 27th. Finally, Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $342.14.

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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