Public Employees Retirement System of Ohio Has $3.25 Million Stock Holdings in Pool Corporation $POOL

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Pool Corporation by 7.6%, owning 11,153 shares valued at approximately $3.25 million after selling 911 shares in the last quarter.
• Key analysts have recently upgraded their price targets for Pool Corporation, with Oppenheimer raising it to $346 and Robert W. Baird to $340, indicating a generally positive outlook.
• Pool Corporation reported earnings of $5.17 per share, slightly beating analyst expectations, with annual revenue growth of 0.9% year-over-year.

Public Employees Retirement System of Ohio lessened its stake in Pool Corporation (NASDAQ:POOL - Free Report) by 7.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,153 shares of the specialty retailer's stock after selling 911 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Pool were worth $3,251,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in POOL. Mawer Investment Management Ltd. acquired a new position in Pool in the 1st quarter valued at approximately $168,735,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Pool during the 1st quarter worth $144,901,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Pool by 2.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer's stock worth $716,422,000 after purchasing an additional 50,566 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Pool by 3.6% during the 1st quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer's stock worth $409,054,000 after purchasing an additional 44,897 shares during the last quarter. Finally, Select Equity Group L.P. acquired a new position in shares of Pool during the 1st quarter worth $11,852,000. Institutional investors and hedge funds own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

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

Pool Price Performance

Shares of Pool stock opened at $310.07 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. Pool Corporation has a fifty-two week low of $282.22 and a fifty-two week high of $395.60. The firm has a fifty day moving average price of $316.76 and a two-hundred day moving average price of $308.82. The company has a market cap of $11.57 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 4.31 and a beta of 1.08.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, beating 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 firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the firm earned $4.99 EPS. The business's revenue was up .9% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Analysts expect that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

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

About Pool

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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