Perigon Wealth Management LLC Makes New Investment in Pool Corporation $POOL

Perigon Wealth Management LLC purchased a new position in Pool Corporation (NASDAQ:POOL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,618 shares of the specialty retailer’s stock, valued at approximately $599,000.

A number of other large investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. bought a new stake in shares of Pool during the 1st quarter valued at about $400,000. Millennium Management LLC boosted its stake in shares of Pool by 237.9% during the 1st quarter. Millennium Management LLC now owns 17,390 shares of the specialty retailer’s stock valued at $5,536,000 after purchasing an additional 12,244 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Pool during the 1st quarter valued at about $639,000. Geneos Wealth Management Inc. boosted its stake in shares of Pool by 164.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 97 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Pool by 201.2% during the 1st quarter. Acadian Asset Management LLC now owns 2,012 shares of the specialty retailer’s stock valued at $639,000 after purchasing an additional 1,344 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 1.6%

Shares of NASDAQ POOL opened at $201.48 on Wednesday. Pool Corporation has a 1 year low of $195.49 and a 1 year high of $345.00. The stock has a market cap of $7.39 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 2.54 and a beta of 1.26. The firm has a 50-day moving average of $226.17 and a 200 day moving average of $249.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 0.59.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.15). Pool had a net margin of 7.67% and a return on equity of 31.49%. The business had revenue of $982.21 million for the quarter, compared to analysts’ expectations of $999.14 million. During the same period last year, the business earned $0.97 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. As a group, sell-side analysts expect that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, March 12th. Pool’s dividend payout ratio (DPR) is 46.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on POOL. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pool in a research note on Monday, December 29th. Wall Street Zen lowered shares of Pool from a “hold” rating to a “sell” rating in a research note on Sunday, March 29th. Deutsche Bank Aktiengesellschaft set a $246.00 target price on shares of Pool in a research note on Friday, February 20th. Robert W. Baird cut their target price on shares of Pool from $320.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Finally, Stifel Nicolaus cut their target price on shares of Pool from $240.00 to $232.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Pool presently has an average rating of “Hold” and an average price target of $281.50.

Insider Activity at Pool

In other Pool news, SVP Romain Kenneth G. St purchased 5,560 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was bought at an average cost of $218.67 per share, with a total value of $1,215,805.20. Following the transaction, the senior vice president directly owned 82,845 shares in the company, valued at approximately $18,115,716.15. The trade was a 7.19% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Melanie M. Hart sold 2,750 shares of Pool stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $220.00, for a total transaction of $605,000.00. Following the completion of the transaction, the chief financial officer directly owned 18,039 shares of the company’s stock, valued at $3,968,580. This trade represents a 13.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is currently owned by corporate insiders.

Pool Company 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.