Whittier Trust Co. Grows Stock Position in Pool Corporation $POOL

Whittier Trust Co. grew its holdings in shares of Pool Corporation (NASDAQ:POOL) by 14.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 375 shares of the specialty retailer’s stock after purchasing an additional 46 shares during the quarter. Whittier Trust Co.’s holdings in Pool were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in POOL. Mid American Wealth Advisory Group Inc. purchased a new stake in Pool in the 2nd quarter worth approximately $34,000. Brooklyn Investment Group increased its holdings in Pool by 53.1% in the 1st quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 51 shares in the last quarter. WPG Advisers LLC purchased a new stake in Pool in the 1st quarter worth approximately $49,000. Steph & Co. purchased a new stake in Pool in the 2nd quarter worth approximately $49,000. Finally, Geneos Wealth Management Inc. increased its holdings in Pool by 164.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock worth $50,000 after acquiring an additional 97 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Down 2.2%

NASDAQ POOL opened at $293.75 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57. The company has a market capitalization of $10.96 billion, a P/E ratio of 26.78, a P/E/G ratio of 4.03 and a beta of 1.11. Pool Corporation has a one year low of $282.22 and a one year high of $395.60. The stock has a 50 day moving average price of $310.65 and a 200-day moving average price of $306.38.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. The firm had revenue of $1.45 billion during 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%.The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.26 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, equities analysts predict that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $1.25 per share. 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 is currently 45.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on POOL shares. Wells Fargo & Company increased their target price on shares of Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. KeyCorp started coverage on Pool in a research note on Tuesday, September 30th. They issued a “sector weight” rating for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Pool in a research note on Wednesday, October 8th. William Blair restated a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. Finally, Guggenheim started coverage on Pool in a research note on Wednesday, October 8th. They issued a “neutral” rating for the company. Three equities 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, Pool presently has an average rating of “Hold” and an average price target 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.