Carnegie Investment Counsel Has $1.83 Million Position in Pool Corporation $POOL

Carnegie Investment Counsel lowered its stake in shares of Pool Corporation (NASDAQ:POOL) by 5.1% in the second quarter, Holdings Channel reports. The institutional investor owned 6,282 shares of the specialty retailer’s stock after selling 337 shares during the period. Carnegie Investment Counsel’s holdings in Pool were worth $1,831,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Pool during the second quarter valued at about $34,000. Brooklyn Investment Group raised its position in shares of Pool by 53.1% during the first 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. WPG Advisers LLC acquired a new position in shares of Pool during the first quarter valued at about $49,000. Geneos Wealth Management Inc. raised its position in shares of Pool by 164.4% during the first quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock valued at $50,000 after buying an additional 97 shares during the last quarter. Finally, Steph & Co. acquired a new position in shares of Pool during the second quarter valued at about $49,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

NASDAQ POOL opened at $293.75 on Friday. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.94 and a beta of 1.11. The company has a 50 day moving average of $310.65 and a 200-day moving average of $306.49. 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 $282.22 and a 1-year high of $395.60.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.01. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. Pool had a net margin of 7.77% and a return on equity of 31.40%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, equities analysts forecast 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. Stockholders of record on Thursday, August 14th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. Pool’s dividend payout ratio (DPR) is presently 45.58%.

Analyst Upgrades and Downgrades

POOL has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Pool in a research report on Saturday. Wells Fargo & Company increased their price target on shares of Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Oppenheimer increased their price target 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. KeyCorp initiated coverage on shares of Pool in a research report on Tuesday, September 30th. They issued a “sector weight” rating for the company. Finally, Guggenheim initiated coverage on shares of Pool in a research report on Wednesday, October 8th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $337.86.

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.