NewEdge Wealth LLC Cuts Position in Pool Corporation $POOL

NewEdge Wealth LLC lowered its stake in shares of Pool Corporation (NASDAQ:POOL) by 23.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,848 shares of the specialty retailer’s stock after selling 3,338 shares during the period. NewEdge Wealth LLC’s holdings in Pool were worth $2,481,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Pool during the third quarter worth about $29,000. Private Trust Co. NA increased its stake in Pool by 78.6% during the 4th quarter. Private Trust Co. NA now owns 125 shares of the specialty retailer’s stock worth $29,000 after buying an additional 55 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Pool during the 2nd quarter worth approximately $30,000. MUFG Securities EMEA plc purchased a new stake in Pool during the 2nd quarter worth approximately $33,000. Finally, Torren Management LLC purchased a new stake in Pool during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

POOL has been the subject of several research reports. Wall Street Zen upgraded Pool from a “sell” rating to a “hold” rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $246.00 target price on shares of Pool in a report on Friday, February 20th. The Goldman Sachs Group dropped their target price on shares of Pool from $360.00 to $310.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Bank of America dropped their target price on shares of Pool from $229.00 to $226.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Finally, Robert W. Baird dropped their target price on shares of Pool from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $261.38.

Pool Trading Down 1.3%

Shares of Pool stock opened at $182.33 on Wednesday. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 2.34 and a beta of 1.16. Pool Corporation has a fifty-two week low of $181.10 and a fifty-two week high of $345.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 1.87. The stock has a 50 day moving average of $209.88 and a 200 day moving average of $235.19.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.34 by $0.09. Pool had a return on equity of 32.37% and a net margin of 7.57%.The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the business posted $1.32 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.870-11.170 EPS. As a group, research analysts predict that Pool Corporation will post 11.08 earnings per share for the current year.

Pool Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $5.20 annualized dividend and a dividend yield of 2.9%. This is an increase from Pool’s previous quarterly dividend of $1.25. Pool’s payout ratio is currently 46.00%.

Pool declared that its Board of Directors has approved a share buyback program on Wednesday, April 29th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the specialty retailer to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Pool

In related news, Director John E. Stokely acquired 1,000 shares of Pool stock in a transaction dated Thursday, May 7th. The stock was acquired at an average price of $193.06 per share, for a total transaction of $193,060.00. Following the transaction, the director owned 16,230 shares of the company’s stock, valued at $3,133,363.80. This represents a 6.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Melanie M. Hart sold 2,750 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $220.00, for a total transaction of $605,000.00. Following the completion of the sale, the chief financial officer owned 18,039 shares of the company’s stock, valued at approximately $3,968,580. This trade represents a 13.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders acquired 22,549 shares of company stock worth $4,524,052. Corporate insiders own 3.00% of the company’s stock.

Trending Headlines about Pool

Here are the key news stories impacting Pool this week:

• Positive Sentiment: Director David G. Whalen disclosed a purchase of 525 shares at $190.44 each, a sign of insider confidence that can support investor sentiment. SEC Form 4 filing
• Neutral Sentiment: Pool began the week with another round of insider-buying coverage, reinforcing that management and directors appear willing to add shares near recent lows. Insider Buying: Pool (NASDAQ:POOL) Director Purchases $193,060.00 in Stock
• Neutral Sentiment: Stifel Nicolaus cut its price target on Pool from $240 to $210 and kept a hold rating, which suggests analysts see limited near-term upside even after the stock’s decline. Benzinga/The Fly report
• Neutral Sentiment: Other articles in the news feed are about unrelated “pool” topics or non-POOL companies, and should not materially affect Pool Corporation’s shares.
• Negative Sentiment: No fresh earnings, guidance, or major contract news was reported in these articles, so the main catalyst appears to be ongoing concern about valuation and demand expectations rather than a new fundamental boost.

Pool Company Profile

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.