Pool Corporation $POOL Holdings Lifted by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its holdings in shares of Pool Corporation (NASDAQ:POOL) by 36.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 129,844 shares of the specialty retailer’s stock after purchasing an additional 34,500 shares during the period. Handelsbanken Fonder AB owned approximately 0.35% of Pool worth $37,847,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Pool by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer’s stock worth $1,418,646,000 after buying an additional 12,795 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Pool by 2.3% during the first 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 period. JPMorgan Chase & Co. lifted its holdings 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 valued at $409,054,000 after buying an additional 44,897 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Pool by 1.1% in the 1st quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer’s stock valued at $335,562,000 after buying an additional 11,552 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Pool by 35.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock worth $179,564,000 after buying an additional 160,878 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Trading Up 4.2%

Shares of POOL stock opened at $239.98 on Friday. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. Pool Corporation has a 1 year low of $229.63 and a 1 year high of $395.60. The firm’s fifty day simple moving average is $285.28 and its 200 day simple moving average is $299.87. The firm has a market capitalization of $8.94 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 3.94 and a beta of 1.12.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.01. Pool had a net margin of 7.77% and a return on equity of 31.40%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the firm posted $3.26 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, sell-side analysts predict that Pool Corporation will post 11.32 EPS for the current year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a $1.25 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.1%. Pool’s dividend payout ratio (DPR) is currently 45.58%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on POOL shares. The Goldman Sachs Group set a $360.00 target price on shares of Pool and gave the company a “buy” rating in a research note on Thursday, October 23rd. Oppenheimer increased their target price on shares of Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. William Blair reaffirmed a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. KeyCorp initiated coverage on Pool in a research note on Tuesday, September 30th. They issued a “sector weight” rating on the stock. Finally, Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $337.86.

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.