Diversify Wealth Management LLC Has $1.67 Million Position in Pool Corporation $POOL

Diversify Wealth Management LLC grew its position in Pool Corporation (NASDAQ:POOL) by 48.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,975 shares of the specialty retailer’s stock after acquiring an additional 2,609 shares during the period. Diversify Wealth Management LLC’s holdings in Pool were worth $1,672,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new stake in Pool in the 2nd quarter valued at about $30,000. MUFG Securities EMEA plc bought a new position in Pool during the second quarter worth about $33,000. Clearstead Advisors LLC increased its position in Pool by 100.0% during the fourth quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer’s stock worth $28,000 after buying an additional 61 shares during the last quarter. Private Trust Co. NA increased its position in 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 buying an additional 55 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Pool by 133.3% in the third quarter. Allworth Financial LP now owns 126 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 72 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Pool

In other news, Director James D. Hope acquired 464 shares of the firm’s stock in a transaction on 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 acquisition, the director directly owned 3,678 shares in the company, valued at $715,039.98. This represents a 14.44% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director De La Mesa Manuel J. Perez acquired 10,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $175.95 per share, for a total transaction of $1,759,500.00. Following the transaction, the director directly owned 40,108 shares in the company, valued at approximately $7,057,002.60. This trade represents a 33.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 21,989 shares of company stock valued at $4,042,747. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on POOL shares. Wells Fargo & Company cut their price objective on Pool from $230.00 to $215.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Zacks Research raised Pool from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Bank of America cut their price target 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 lifted their price objective on shares of Pool from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Finally, Wall Street Zen raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Monday, April 27th. Four equities research 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $264.50.

Pool Stock Down 0.4%

Pool stock opened at $210.07 on Wednesday. The company’s 50-day moving average price is $193.85 and its two-hundred day moving average price is $218.06. The company has a quick ratio of 0.55, a current ratio of 1.87 and a debt-to-equity ratio of 1.09. The stock has a market cap of $7.66 billion, a P/E ratio of 19.33, a P/E/G ratio of 2.67 and a beta of 1.05. Pool Corporation has a twelve month low of $172.68 and a twelve month high of $345.00.

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

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

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors 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. The ex-dividend date was Thursday, May 14th. This represents a $5.20 annualized dividend and a yield of 2.5%. Pool’s dividend payout ratio is presently 47.84%.

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.