Pool Corporation $POOL Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in Pool Corporation (NASDAQ:POOL) by 3.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 293,338 shares of the specialty retailer’s stock after buying an additional 9,729 shares during the period. Bank of New York Mellon Corp’s holdings in Pool were worth $67,101,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Pool by 20.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 270 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 45 shares during the period. Mufg Securities Americas Inc. lifted its holdings in shares of Pool by 6.4% during the third quarter. Mufg Securities Americas Inc. now owns 886 shares of the specialty retailer’s stock worth $275,000 after purchasing an additional 53 shares during the period. Snowden Capital Advisors LLC lifted its holdings in shares of Pool by 4.8% during the second quarter. Snowden Capital Advisors LLC now owns 1,163 shares of the specialty retailer’s stock worth $339,000 after purchasing an additional 53 shares during the period. Private Trust Co. NA lifted its holdings in shares of Pool by 78.6% during the fourth quarter. Private Trust Co. NA now owns 125 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 55 shares during the period. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Pool by 7.1% during the third quarter. Koshinski Asset Management Inc. now owns 857 shares of the specialty retailer’s stock worth $266,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

More Pool News

Here are the key news stories impacting Pool this week:

• Positive Sentiment: A new Seeking Alpha article upgraded Pool Corporation, saying the S&P 500 removal is backward-looking and may not reflect the company’s current outlook. Pool Corporation: Leaving The S&P 500 Is A Trailing Indicator (Upgrade)
• Neutral Sentiment: Short-interest data published during the day showed no meaningful change in reported short positioning, offering little new fundamental signal for the stock.
• Neutral Sentiment: Recent coverage also noted Pool Corporation’s last earnings beat on EPS, with revenue growth still positive year over year, which continues to support the stock’s valuation despite weaker recent share performance.

Analyst Upgrades and Downgrades

A number of research firms recently commented on POOL. Bank of America decreased their target price on Pool from $229.00 to $226.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Stifel Nicolaus reduced their price target on Pool from $240.00 to $210.00 and set a “hold” rating for the company in a research report on Monday, May 11th. Oppenheimer reduced their price target on Pool from $346.00 to $280.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Weiss Ratings cut Pool from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Finally, Robert W. Baird reduced their price target on Pool from $320.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $261.38.

Pool Stock Up 6.3%

Pool stock opened at $192.42 on Wednesday. The stock has a market capitalization of $7.01 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. Pool Corporation has a 12 month low of $172.68 and a 12 month high of $345.00. The business has a 50 day simple moving average of $198.99 and a 200-day simple moving average of $223.99. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.87 and a quick ratio of 0.55.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Pool had a return on equity of 32.37% and a net margin of 7.57%.The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 earnings per share. Pool has set its FY 2026 guidance at 10.870-11.170 EPS. On average, analysts anticipate that Pool Corporation will post 11.08 EPS for the current fiscal year.

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a $1.30 dividend. This is a boost from Pool’s previous quarterly dividend of $1.25. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, May 14th. Pool’s dividend payout ratio is presently 47.84%.

Pool declared that its board has authorized a share buyback program on Wednesday, April 29th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Pool

In other news, Director James D. Hope purchased 464 shares of the stock in a transaction dated Thursday, May 7th. The shares were purchased at an average cost of $194.41 per share, with a total value of $90,206.24. Following the completion of the purchase, the director directly owned 3,678 shares of the company’s stock, valued at approximately $715,039.98. The trade was a 14.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David G. Whalen purchased 525 shares of the stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $190.44 per share, for a total transaction of $99,981.00. Following the completion of the purchase, the director directly owned 8,936 shares of the company’s stock, valued at approximately $1,701,771.84. The trade was a 6.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 26,989 shares of company stock valued at $5,067,747. Insiders own 3.00% of the company’s stock.

About Pool

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.