Pool Corporation $POOL Stake Raised by Eldred Rock Partners LLC

Eldred Rock Partners LLC boosted its holdings in shares of Pool Corporation (NASDAQ:POOL) by 63.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,552 shares of the specialty retailer’s stock after buying an additional 34,524 shares during the quarter. Pool accounts for 4.1% of Eldred Rock Partners LLC’s investment portfolio, making the stock its 10th largest position. Eldred Rock Partners LLC’s holdings in Pool were worth $19,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of Pool by 16.2% in the third quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock worth $794,825,000 after acquiring an additional 357,643 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Pool by 3,831.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,001,987 shares of the specialty retailer’s stock valued at $457,955,000 after acquiring an additional 1,951,070 shares in the last quarter. Morgan Stanley boosted its holdings in Pool by 1.8% in the fourth quarter. Morgan Stanley now owns 1,371,772 shares of the specialty retailer’s stock valued at $313,794,000 after purchasing an additional 23,736 shares during the period. Invesco Ltd. boosted its holdings in Pool by 21.6% in the fourth quarter. Invesco Ltd. now owns 837,658 shares of the specialty retailer’s stock valued at $191,614,000 after purchasing an additional 148,519 shares during the period. Finally, Southpoint Capital Advisors LP grew its stake in Pool by 66.7% during the 1st quarter. Southpoint Capital Advisors LP now owns 500,000 shares of the specialty retailer’s stock worth $101,165,000 after purchasing an additional 200,000 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

NASDAQ:POOL opened at $206.31 on Friday. Pool Corporation has a 12 month low of $172.68 and a 12 month high of $336.15. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.67 and a quick ratio of 0.91. The firm has a market capitalization of $7.50 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 2.72 and a beta of 1.06. The business’s fifty day moving average price is $198.78 and its 200 day moving average price is $212.28.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.05. Pool had a return on equity of 32.74% and a net margin of 7.40%.The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $5.17 EPS. Pool’s revenue for the quarter was up 2.2% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. On average, sell-side analysts anticipate that Pool Corporation will post 10.95 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, August 13th. Pool’s dividend payout ratio is 47.84%.

Pool declared that its board 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 purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Stephens cut their price target on Pool from $290.00 to $225.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Bank of America decreased their price objective on Pool from $226.00 to $206.00 and set an “underperform” rating for the company in a research note on Monday, July 20th. Robert W. Baird set a $260.00 price objective on Pool in a research report on Friday, July 24th. Oppenheimer cut their target price on shares of Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Finally, Stifel Nicolaus reduced their target price on shares of Pool from $235.00 to $189.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Five equities research 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. Based on data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and an average price target of $235.67.

Insider Transactions at Pool

In related news, Director De La Mesa Manuel J. Perez purchased 10,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $175.95 per share, for a total transaction of $1,759,500.00. Following the completion of the purchase, the director directly owned 40,108 shares of the company’s stock, valued at approximately $7,057,002.60. This trade represents a 33.21% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

Pool 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.