TD Asset Management Inc Sells 109,248 Shares of Pool Corporation $POOL

Key Points

• TD Asset Management Inc reduced its stake in Pool Corporation by 40.5% during the 2nd quarter, selling 109,248 shares, resulting in ownership of approximately 0.43% of the company worth $46.8 million.
• Institutional investors own an impressive 98.99% of Pool's stock, with various firms adjusting their holdings, including a 20.3% increase from Blue Trust Inc.
• Pool Corporation reported $5.17 EPS for the latest quarter, exceeding estimates, while also announcing a quarterly dividend of $1.25 per share, reflecting a 1.7% yield.

TD Asset Management Inc lowered its holdings in Pool Corporation (NASDAQ:POOL - Free Report) by 40.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,634 shares of the specialty retailer's stock after selling 109,248 shares during the period. TD Asset Management Inc owned approximately 0.43% of Pool worth $46,822,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Pool by 20.3% in the 1st quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer's stock valued at $72,000 after purchasing an additional 38 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Pool by 4.4% during the 1st quarter. First Horizon Advisors Inc. now owns 901 shares of the specialty retailer's stock valued at $287,000 after buying an additional 38 shares during the last quarter. Cim LLC raised its holdings in Pool by 1.3% during the 1st quarter. Cim LLC now owns 2,993 shares of the specialty retailer's stock valued at $953,000 after buying an additional 38 shares during the last quarter. GAMMA Investing LLC raised its holdings in Pool by 5.7% during the 1st quarter. GAMMA Investing LLC now owns 816 shares of the specialty retailer's stock valued at $260,000 after buying an additional 44 shares during the last quarter. Finally, Brooklyn Investment Group raised its holdings in Pool by 53.1% during the 1st quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer's stock valued at $47,000 after buying an additional 51 shares during the last quarter. Institutional investors own 98.99% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on POOL. Wells Fargo & Company upped their price target on shares of Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. William Blair reiterated a "market perform" rating on shares of Pool in a report on Wednesday. Guggenheim assumed coverage on shares of Pool in a report on Wednesday, October 8th. They issued a "neutral" rating for the company. Robert W. Baird upped their price objective on shares of Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Pool in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $342.14.

Pool Stock Down 0.1%

Shares of Pool stock opened at $290.17 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. The company has a 50-day moving average of $313.15 and a 200 day moving average of $306.99. The firm has a market cap of $10.83 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 3.97 and a beta of 1.11. Pool Corporation has a 1 year low of $282.22 and a 1 year high of $395.60.

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 (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.05. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. Pool's quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, sell-side analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, August 14th. 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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