Federated Hermes Inc. Has $20.53 Million Holdings in Pool Corporation $POOL

Federated Hermes Inc. trimmed its position in shares of Pool Corporation (NASDAQ:POOL) by 9.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 70,431 shares of the specialty retailer’s stock after selling 7,484 shares during the period. Federated Hermes Inc.’s holdings in Pool were worth $20,529,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Pool by 2.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer’s stock valued at $716,422,000 after acquiring an additional 50,566 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Pool by 3.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer’s stock valued at $409,054,000 after purchasing an additional 44,897 shares during the period. Wellington Management Group LLP lifted its stake in Pool by 1.1% in the 1st quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer’s stock valued at $335,562,000 after purchasing an additional 11,552 shares during the last quarter. Invesco Ltd. grew its holdings in Pool by 11.1% during the second quarter. Invesco Ltd. now owns 699,628 shares of the specialty retailer’s stock worth $203,928,000 after purchasing an additional 70,075 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Pool by 35.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock worth $179,564,000 after buying an additional 160,878 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. William Blair reaffirmed a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research note on Monday. Robert W. Baird set a $345.00 price target on Pool in a report on Friday, October 24th. Guggenheim started coverage on shares of Pool in a report on Wednesday, October 8th. They issued a “neutral” rating on the stock. Finally, The Goldman Sachs Group set a $360.00 price objective on shares of Pool and gave the company a “buy” rating in a research report on Thursday, October 23rd. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Pool presently has an average rating of “Hold” and an average price target of $337.86.

Pool Trading Down 1.5%

Shares of POOL stock opened at $233.31 on Wednesday. The stock has a market cap of $8.69 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 4.44 and a beta of 1.23. Pool Corporation has a 1 year low of $229.63 and a 1 year high of $380.29. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $267.53 and a 200 day simple moving average of $294.12.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.01. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations 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 previous year, the firm earned $3.26 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, research analysts predict that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Wednesday, November 12th. Pool’s dividend payout ratio is presently 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.