Geode Capital Management LLC Sells 44,863 Shares of Pool Corporation $POOL

Geode Capital Management LLC cut its holdings in shares of Pool Corporation (NASDAQ:POOL) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 882,035 shares of the specialty retailer’s stock after selling 44,863 shares during the quarter. Geode Capital Management LLC’s holdings in Pool were worth $201,426,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Keybank National Association OH lifted its position in Pool by 4.2% during the 3rd quarter. Keybank National Association OH now owns 999 shares of the specialty retailer’s stock worth $310,000 after buying an additional 40 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in Pool by 20.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 270 shares of the specialty retailer’s stock worth $62,000 after buying an additional 45 shares in the last quarter. Mufg Securities Americas Inc. lifted its position in Pool by 6.4% during the 3rd quarter. Mufg Securities Americas Inc. now owns 886 shares of the specialty retailer’s stock worth $275,000 after buying an additional 53 shares in the last quarter. Snowden Capital Advisors LLC lifted its position in Pool by 4.8% during the 2nd quarter. Snowden Capital Advisors LLC now owns 1,163 shares of the specialty retailer’s stock worth $339,000 after buying an additional 53 shares in the last quarter. Finally, Private Trust Co. NA lifted its position 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. 98.99% of the stock is owned by institutional investors.

Insider Activity at Pool

In related news, Director David G. Whalen purchased 525 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average price of $190.44 per share, for a total transaction of $99,981.00. Following the purchase, the director owned 8,936 shares in the company, valued at approximately $1,701,771.84. This represents a 6.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director De La Mesa Manuel J. Perez purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $175.95 per share, for a total transaction of $1,759,500.00. Following the purchase, the director owned 40,108 shares in the company, valued at $7,057,002.60. The trade was a 33.21% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 26,989 shares of company stock worth $5,067,747 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

POOL has been the topic of several analyst reports. Stifel Nicolaus cut their price target on shares of Pool from $240.00 to $210.00 and set a “hold” rating on the stock in a research report on Monday, May 11th. Wells Fargo & Company cut their price target on shares of Pool from $230.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Robert W. Baird dropped their target price on shares of Pool from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $246.00 target price on shares of Pool in a report on Friday, February 20th. Finally, Weiss Ratings cut shares of Pool from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pool currently has an average rating of “Hold” and a consensus price target of $261.38.

Pool Stock Down 1.4%

Shares of POOL stock opened at $179.60 on Wednesday. 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 firm’s 50-day moving average is $201.16 and its 200-day moving average is $226.44. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 2.31 and a beta of 1.10. Pool Corporation has a 52-week low of $172.68 and a 52-week high of $345.00.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, April 23rd. The specialty retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Pool had a net margin of 7.57% and a return on equity of 32.37%. Pool’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 EPS. Pool has set its FY 2026 guidance at 10.870-11.170 EPS. Sell-side analysts predict that Pool Corporation will post 11.08 EPS for the current year.

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

Pool Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, May 14th. This is a positive change from Pool’s previous quarterly dividend of $1.25. Pool’s payout ratio is currently 47.84%.

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.