Advisors Capital Management LLC Buys 5,276 Shares of Pool Corporation $POOL

Advisors Capital Management LLC raised its stake in shares of Pool Corporation (NASDAQ:POOL) by 9.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,890 shares of the specialty retailer’s stock after purchasing an additional 5,276 shares during the quarter. Advisors Capital Management LLC owned 0.16% of Pool worth $17,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in POOL. Clearstead Trust LLC bought a new position in shares of Pool during the second quarter valued at about $25,000. Chilton Capital Management LLC purchased a new position in Pool during the 2nd quarter valued at about $30,000. Mid American Wealth Advisory Group Inc. bought a new position in Pool during the 2nd quarter valued at approximately $34,000. Brooklyn Investment Group lifted its holdings in Pool by 53.1% in the 1st quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock worth $47,000 after buying an additional 51 shares during the period. Finally, WPG Advisers LLC purchased a new stake in Pool in the 1st quarter worth approximately $49,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Weiss Ratings downgraded Pool from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, November 7th. Wall Street Zen raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. KeyCorp assumed coverage on Pool in a report on Tuesday, September 30th. They set a “sector weight” rating for the company. The Goldman Sachs Group set a $360.00 price objective on shares of Pool and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Robert W. Baird set a $345.00 price target on shares of Pool in a report on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Pool has an average rating of “Hold” and an average target price of $337.86.

Pool Trading Down 1.8%

Shares of POOL stock opened at $245.93 on Friday. Pool Corporation has a 52-week low of $242.10 and a 52-week high of $395.60. The stock has a fifty day simple moving average of $296.07 and a two-hundred day simple moving average of $302.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57. The firm has a market capitalization of $9.16 billion, a PE ratio of 22.42, a PEG ratio of 3.94 and a beta of 1.13.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.01. Pool had a net margin of 7.77% and a return on equity of 31.40%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the company posted $3.26 earnings per share. Pool’s quarterly revenue was up 1.3% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, analysts predict that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 12th. Pool’s dividend payout ratio (DPR) is presently 45.58%.

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.