Pool Corporation $POOL Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in Pool Corporation (NASDAQ:POOL) by 20.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,142 shares of the specialty retailer’s stock after selling 1,299 shares during the period. PNC Financial Services Group Inc.’s holdings in Pool were worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Virtu Financial LLC bought a new stake in shares of Pool in the 1st quarter worth $1,084,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Pool by 17.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,755 shares of the specialty retailer’s stock valued at $22,525,000 after buying an additional 10,421 shares in the last quarter. Geneva Capital Management LLC grew its holdings in Pool by 11.1% during the second quarter. Geneva Capital Management LLC now owns 96,966 shares of the specialty retailer’s stock worth $28,264,000 after acquiring an additional 9,673 shares during the period. Ontario Teachers Pension Plan Board raised its position in Pool by 127.1% in the first quarter. Ontario Teachers Pension Plan Board now owns 8,494 shares of the specialty retailer’s stock worth $2,704,000 after acquiring an additional 4,753 shares in the last quarter. Finally, Comerica Bank lifted its holdings in Pool by 17.8% in the 1st quarter. Comerica Bank now owns 29,111 shares of the specialty retailer’s stock valued at $9,268,000 after acquiring an additional 4,407 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

POOL has been the topic of several recent research reports. Wall Street Zen raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research report on Thursday, November 13th. KeyCorp initiated coverage on Pool in a research report on Tuesday, September 30th. They set a “sector weight” rating for the company. Oppenheimer lifted their target price on Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. Finally, The Goldman Sachs Group set a $360.00 target price on Pool and gave the company a “buy” rating in a report on Thursday, October 23rd. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $337.86.

Pool Price Performance

Shares of NASDAQ:POOL opened at $233.88 on Thursday. The company’s fifty day moving average is $289.00 and its two-hundred day moving average is $300.82. The company has a market cap of $8.71 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 3.94 and a beta of 1.13. Pool Corporation has a 12-month low of $231.53 and a 12-month high of $395.60. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.46 billion. Pool had a return on equity of 31.40% and a net margin of 7.77%.Pool’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities analysts expect 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 will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 12th. Pool’s dividend payout ratio is 45.58%.

Pool Company 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.