Fisher Asset Management LLC Cuts Position in Pool Corporation $POOL

Fisher Asset Management LLC trimmed its holdings in shares of Pool Corporation (NASDAQ:POOL) by 1.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 184,045 shares of the specialty retailer’s stock after selling 3,397 shares during the quarter. Fisher Asset Management LLC owned 0.49% of Pool worth $57,067,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of POOL. CNB Bank increased its position in shares of Pool by 4.1% during the 3rd quarter. CNB Bank now owns 918 shares of the specialty retailer’s stock valued at $285,000 after purchasing an additional 36 shares during the last quarter. Keybank National Association OH raised its position in Pool by 4.2% in the third quarter. Keybank National Association OH now owns 999 shares of the specialty retailer’s stock worth $310,000 after acquiring an additional 40 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Pool by 22.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 227 shares of the specialty retailer’s stock valued at $70,000 after acquiring an additional 41 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its stake in shares of Pool by 1.4% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 3,228 shares of the specialty retailer’s stock worth $1,001,000 after purchasing an additional 46 shares during the last quarter. Finally, Heritage Family Offices LLP lifted its stake in Pool by 3.1% in the third quarter. Heritage Family Offices LLP now owns 1,706 shares of the specialty retailer’s stock valued at $529,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Price Performance

POOL stock opened at $221.22 on Wednesday. The firm has a 50 day moving average of $247.71 and a 200-day moving average of $269.61. The firm has a market capitalization of $8.14 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.77 and a beta of 1.25. Pool Corporation has a 12 month low of $210.67 and a 12 month high of $374.74. The company has a current ratio of 2.24, a quick ratio of 0.59 and a debt-to-equity ratio of 1.00.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.15). Pool had a return on equity of 31.49% and a net margin of 7.67%.The firm had revenue of $982.21 million during the quarter, compared to analysts’ expectations of $999.14 million. During the same quarter in the prior year, the company earned $0.97 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. As a group, sell-side analysts predict that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, March 12th. Pool’s payout ratio is presently 46.13%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Stifel Nicolaus decreased their target price on Pool from $240.00 to $232.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a report on Monday, December 29th. Robert W. Baird dropped their price objective 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. Oppenheimer reduced their target price on shares of Pool from $346.00 to $280.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Finally, The Goldman Sachs Group lowered their price target on shares of Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Pool currently has a consensus rating of “Hold” and an average target price of $281.50.

Insider Activity

In other Pool news, SVP Romain Kenneth G. St bought 5,560 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were acquired at an average cost of $218.67 per share, for a total transaction of $1,215,805.20. Following the purchase, the senior vice president directly owned 82,845 shares of the company’s stock, valued at $18,115,716.15. The trade was a 7.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Melanie M. Hart sold 2,750 shares of Pool stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $220.00, for a total value of $605,000.00. Following the sale, the chief financial officer owned 18,039 shares of the company’s stock, valued at approximately $3,968,580. This trade represents a 13.23% decrease in their position. The SEC filing for this sale provides additional information. 3.00% of the stock is owned by insiders.

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.