Federated Hermes Inc. Sells 7,484 Shares of Pool Corporation $POOL

Federated Hermes Inc. cut its stake in Pool Corporation (NASDAQ:POOL) by 9.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,431 shares of the specialty retailer’s stock after selling 7,484 shares during the period. Federated Hermes Inc. owned about 0.19% of Pool worth $20,529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clearstead Trust LLC bought a new stake in Pool in the second quarter valued at $25,000. Chilton Capital Management LLC acquired a new stake in shares of Pool in the 2nd quarter valued at $30,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Pool in the 2nd quarter valued at $34,000. Brooklyn Investment Group grew its holdings in shares of 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 purchasing an additional 51 shares during the last quarter. Finally, WPG Advisers LLC acquired a new stake in shares of Pool during the 1st quarter worth about $49,000. Institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

POOL has been the topic of several research analyst reports. Guggenheim began coverage on shares of Pool in a research note on Wednesday, October 8th. They set a “neutral” rating on the stock. KeyCorp assumed coverage on Pool in a report on Tuesday, September 30th. They issued a “sector weight” rating on the stock. William Blair restated a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. The Goldman Sachs Group set a $360.00 price objective on Pool and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Robert W. Baird set a $345.00 price objective on Pool in a research note on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $337.86.

Pool Trading Down 1.5%

NASDAQ POOL opened at $233.31 on Wednesday. Pool Corporation has a 12 month low of $229.63 and a 12 month high of $380.29. The stock has a 50-day simple moving average of $267.53 and a 200 day simple moving average of $294.12. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $8.69 billion, a PE ratio of 21.27, a P/E/G ratio of 4.44 and a beta of 1.23.

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

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a dividend of $1.25 per share. The ex-dividend date was Wednesday, November 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.1%. 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.