Pool Corporation $POOL Shares Sold by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. has reduced its stake in Pool Corporation by 1.3%, selling 1,690 shares and holding 132,037 shares valued at approximately $42 million.
• Multiple large investors have modified their positions, with Whipplewood Advisors LLC increasing their stake by 471.4% during the first quarter.
• Pool recently announced a quarterly dividend of $1.25 per share, reflecting a 1.5% dividend yield, and initiated a $600 million stock repurchase program indicating confidence in their stock valuation.

T. Rowe Price Investment Management Inc. lessened its holdings in Pool Corporation (NASDAQ:POOL - Free Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 132,037 shares of the specialty retailer's stock after selling 1,690 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.35% of Pool worth $42,034,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of POOL. Whipplewood Advisors LLC increased its holdings in Pool by 471.4% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer's stock valued at $25,000 after buying an additional 66 shares during the last quarter. City Holding Co. purchased a new position in Pool in the first quarter valued at $26,000. Sentry Investment Management LLC purchased a new position in Pool in the first quarter valued at $30,000. Versant Capital Management Inc grew its holdings in shares of Pool by 790.9% during the first quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Finally, FWL Investment Management LLC acquired a new stake in shares of Pool during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Pool Stock Performance

Shares of NASDAQ POOL traded down $0.53 during midday trading on Wednesday, reaching $317.85. 301,329 shares of the company were exchanged, compared to its average volume of 518,168. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. Pool Corporation has a 1 year low of $282.22 and a 1 year high of $395.60. The stock has a fifty day simple moving average of $307.38 and a 200 day simple moving average of $313.31. The stock has a market cap of $11.86 billion, a P/E ratio of 29.32, a PEG ratio of 4.44 and a beta of 1.07.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter last year, the company posted $4.99 earnings per share. 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. On average, research analysts forecast that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool announced that its board has approved a stock repurchase plan on Wednesday, April 30th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the specialty retailer to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given a $1.25 dividend. The ex-dividend date is Thursday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. Pool's dividend payout ratio (DPR) is presently 46.13%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Robert W. Baird increased their price objective on Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Wall Street Zen upgraded shares of Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Oppenheimer upped their price target on shares of Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Pool presently has a consensus rating of "Hold" and an average 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.