Fifth Third Bancorp Sells 273 Shares of Pool Corporation $POOL

Fifth Third Bancorp reduced its position in Pool Corporation (NASDAQ:POOL) by 17.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,310 shares of the specialty retailer’s stock after selling 273 shares during the quarter. Fifth Third Bancorp’s holdings in Pool were worth $382,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Amalgamated Bank boosted its position in shares of Pool by 3.1% in the first quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer’s stock valued at $2,571,000 after acquiring an additional 246 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Pool by 12.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,954 shares of the specialty retailer’s stock valued at $1,560,000 after purchasing an additional 559 shares in the last quarter. MFG Wealth Management Inc. purchased a new stake in Pool in the first quarter valued at approximately $921,000. Virtu Financial LLC purchased a new stake in Pool in the first quarter valued at approximately $1,084,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Pool by 17.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,755 shares of the specialty retailer’s stock valued at $22,525,000 after purchasing an additional 10,421 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Trading Down 0.3%

NASDAQ:POOL opened at $310.07 on Wednesday. The company has a fifty day moving average of $316.76 and a 200 day moving average of $308.82. Pool Corporation has a 52 week low of $282.22 and a 52 week high of $395.60. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $11.57 billion, a P/E ratio of 28.60, a P/E/G ratio of 4.31 and a beta of 1.08.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.05. Pool had a net margin of 7.79% and a return on equity of 30.99%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the business posted $4.99 EPS. The firm’s revenue was up .9% compared to the same quarter last year. 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 year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 14th. Pool’s payout ratio is presently 46.13%.

Wall Street Analyst Weigh In

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

Pool 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.