Pool Corporation $POOL Shares Purchased by Corient Private Wealth LLC

Key Points

• Corient Private Wealth LLC increased its Pool Corporation stake by 1,719.3% in Q4, ending with 133,738 shares valued at about $30.6 million.
• Insiders also bought shares: directors John E. Stokely and David G. Whalen made recent purchases, and insiders bought 21,989 shares worth about $4.0 million over the last 90 days.
• Pool authorized a $600 million share repurchase program and raised its quarterly dividend to $1.30 per share, while analysts currently have a Hold consensus with an average price target of $261.38.

Corient Private Wealth LLC grew its position in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 1,719.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,738 shares of the specialty retailer's stock after acquiring an additional 126,387 shares during the quarter. Corient Private Wealth LLC owned about 0.36% of Pool worth $30,593,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of POOL. Jacobs Levy Equity Management Inc. bought a new stake in Pool in the 1st quarter valued at about $400,000. Millennium Management LLC grew its position in Pool by 237.9% in the 1st quarter. Millennium Management LLC now owns 17,390 shares of the specialty retailer's stock worth $5,536,000 after purchasing an additional 12,244 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Pool in the first quarter valued at approximately $639,000. Geneos Wealth Management Inc. increased its stake in shares of Pool by 164.4% in the first 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 period. Finally, Acadian Asset Management LLC raised its holdings in shares of Pool by 201.2% during the first quarter. Acadian Asset Management LLC now owns 2,012 shares of the specialty retailer's stock valued at $639,000 after buying an additional 1,344 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Insider Transactions at Pool

In other news, Director John E. Stokely acquired 1,000 shares of the company's stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of $193.06 per share, with a total value of $193,060.00. Following the purchase, the director owned 16,230 shares of the company's stock, valued at approximately $3,133,363.80. This represents a 6.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David G. Whalen acquired 525 shares of the business's stock in a transaction dated Friday, May 8th. The stock was purchased at an average price of $190.44 per share, with a total value of $99,981.00. Following the acquisition, the director owned 8,936 shares of the company's stock, valued at approximately $1,701,771.84. This trade represents a 6.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 21,989 shares of company stock valued at $4,042,747. Company insiders own 3.00% of the company's stock.

Pool Price Performance

POOL stock opened at $198.99 on Monday. The firm's 50-day moving average is $197.68 and its two-hundred day moving average is $221.39. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 2.52 and a beta of 1.10. Pool Corporation has a 52 week low of $172.68 and a 52 week high of $345.00. The company has a current ratio of 1.87, a quick ratio of 0.55 and a debt-to-equity ratio of 1.09.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.09. Pool had a net margin of 7.57% and a return on equity of 32.37%. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same period last year, the firm posted $1.32 earnings per share. The business's revenue was up 6.2% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.870-11.170 EPS. On average, analysts forecast that Pool Corporation will post 11.08 earnings per share for the current fiscal year.

Pool announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 29th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, May 14th. This is an increase from Pool's previous quarterly dividend of $1.25. Pool's dividend payout ratio is 47.84%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on POOL shares. Wells Fargo & Company reduced their price objective on Pool from $230.00 to $215.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 8th. Bank of America lowered their target price on Pool from $229.00 to $226.00 and set an "underperform" rating on the stock in a research report on Monday, April 20th. Oppenheimer cut their target price on Pool from $346.00 to $280.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 24th. Zacks Research upgraded Pool from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th. Finally, Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a research note on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Pool currently has a consensus rating of "Hold" and an average target price of $261.38.

More Pool News

Here are the key news stories impacting Pool this week:

• Neutral Sentiment: There were no meaningful new updates on Pool Corporation’s business, earnings, or guidance in the provided articles. The stock’s recent flat trading likely reflects a lack of direct company catalysts rather than any change in outlook.
• Neutral Sentiment: Most of the news flow centered on the Lincoln Memorial Reflecting Pool renovation problems, algae, peeling paint, and political controversy, which are unrelated to Pool Corporation’s swimming pool products and services.
• Neutral Sentiment: One article about robotic pool cleaners and another about pool maintenance were consumer-focused and could be mildly supportive of broader pool-season demand, but they were not specific enough to materially change sentiment for POOL.

About Pool

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation's extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company's product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.

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