Sumitomo Mitsui DS Asset Management Company Ltd Sells 8,484 Shares of Pool Corporation $POOL

Key Points

• Sumitomo Mitsui DS Asset Management has significantly reduced its stake in Pool Corporation by 54.3%, selling 8,484 shares and leaving it with 7,128 shares valued at approximately $2,078,000.
• Several institutional investors, including Whipplewood Advisors and Brooklyn Investment Group, have increased their positions in Pool, pushing overall institutional ownership to 98.99%.
• Pool Corporation reported earnings per share of $5.17, exceeding analysts' expectations, and set its FY 2025 guidance at 10.700-11.200 EPS.

Sumitomo Mitsui DS Asset Management Company Ltd lessened its position in Pool Corporation (NASDAQ:POOL - Free Report) by 54.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,128 shares of the specialty retailer's stock after selling 8,484 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Pool were worth $2,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Financiere des Professionnels Fonds d investissement inc. raised its stake in shares of Pool by 36.5% in the 2nd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,080 shares of the specialty retailer's stock worth $4,396,000 after buying an additional 4,036 shares in the last quarter. New England Research & Management Inc. acquired a new position in shares of Pool in the 2nd quarter worth $306,000. Harbor Capital Advisors Inc. grew its holdings in shares of Pool by 1.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,333 shares of the specialty retailer's stock worth $1,554,000 after acquiring an additional 68 shares during the last quarter. Czech National Bank grew its holdings in shares of Pool by 5.1% in the 2nd quarter. Czech National Bank now owns 9,189 shares of the specialty retailer's stock worth $2,678,000 after acquiring an additional 449 shares during the last quarter. Finally, Cullen Investment Group LTD. grew its holdings in shares of Pool by 7.3% in the 2nd quarter. Cullen Investment Group LTD. now owns 13,676 shares of the specialty retailer's stock worth $3,986,000 after acquiring an additional 934 shares during the last quarter. Institutional investors own 98.99% of the company's stock.

Pool Stock Down 1.7%

NASDAQ:POOL traded down $5.29 during trading hours on Monday, hitting $312.63. 497,433 shares of the company's stock traded hands, compared to its average volume of 518,686. The firm has a market cap of $11.67 billion, a P/E ratio of 28.84, a P/E/G ratio of 4.41 and a beta of 1.08. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52. The stock's fifty day moving average price is $315.57 and its two-hundred day moving average price is $309.81.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share 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 for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the firm earned $4.99 earnings per share. Pool's quarterly revenue was up .9% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, research analysts expect that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a report 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. Robert W. Baird lifted their target price on Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.