Venturi Wealth Management LLC Trims Holdings in Pool Corporation $POOL

Venturi Wealth Management LLC decreased its holdings in Pool Corporation (NASDAQ:POOL) by 22.7% in the 2nd quarter, Holdings Channel reports. The firm owned 945 shares of the specialty retailer’s stock after selling 277 shares during the period. Venturi Wealth Management LLC’s holdings in Pool were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Amalgamated Bank raised its position in Pool by 3.1% in the 1st quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer’s stock valued at $2,571,000 after purchasing an additional 246 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Pool by 12.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,954 shares of the specialty retailer’s stock valued at $1,560,000 after purchasing an additional 559 shares during the last quarter. MFG Wealth Management Inc. purchased a new stake in Pool in the 1st quarter valued at $921,000. Virtu Financial LLC purchased a new stake in Pool in the 1st quarter valued at $1,084,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Pool by 17.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,755 shares of the specialty retailer’s stock valued at $22,525,000 after purchasing an additional 10,421 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on POOL shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pool in a research report on Wednesday. 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 research report on Friday, July 25th. Guggenheim assumed coverage on shares of Pool in a research report on Wednesday. They set a “neutral” rating for the company. KeyCorp assumed coverage on shares of Pool in a research report on Tuesday, September 30th. They set a “sector weight” rating for the company. Finally, Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $342.14.

Pool Stock Performance

Shares of POOL opened at $289.91 on Friday. The company has a 50-day simple moving average of $314.60 and a 200-day simple moving average of $307.80. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $10.82 billion, a PE ratio of 26.74, a P/E/G ratio of 3.58 and a beta of 1.11. Pool Corporation has a 52-week low of $282.22 and a 52-week high of $395.60.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.12 by $0.05. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities research analysts predict that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, August 14th. Pool’s dividend payout ratio (DPR) is currently 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.