Voya Investment Management LLC Has $8.95 Million Stake in Pool Corporation $POOL

Voya Investment Management LLC increased its position in Pool Corporation (NASDAQ:POOL) by 8.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,098 shares of the specialty retailer’s stock after buying an additional 2,173 shares during the period. Voya Investment Management LLC owned 0.07% of Pool worth $8,945,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Pool by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer’s stock worth $1,418,646,000 after buying an additional 12,795 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Pool by 2.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer’s stock worth $716,422,000 after buying an additional 50,566 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Pool by 3.6% in the first quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer’s stock worth $409,054,000 after buying an additional 44,897 shares during the last quarter. Wellington Management Group LLP increased its holdings in Pool by 1.1% in the first quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer’s stock worth $335,562,000 after buying an additional 11,552 shares during the last quarter. Finally, Mawer Investment Management Ltd. acquired a new position in Pool in the first quarter worth approximately $168,735,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on POOL shares. Wells Fargo & Company increased their price objective on Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Robert W. Baird increased their price target on Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Oppenheimer increased their price target on Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. Finally, Wall Street Zen upgraded Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $342.14.

Pool Stock Up 1.1%

POOL opened at $328.28 on Wednesday. Pool Corporation has a 1-year low of $282.22 and a 1-year high of $395.60. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 30.28, a P/E/G ratio of 4.50 and a beta of 1.08. The business has a 50 day moving average of $314.53 and a 200-day moving average of $310.94.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%.The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the business earned $4.99 earnings per share. Pool’s revenue for the quarter was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, sell-side analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 14th. Pool’s dividend payout ratio is currently 46.13%.

About Pool

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.