JGP Wealth Management LLC Has $7.87 Million Position in Pool Corporation $POOL

JGP Wealth Management LLC trimmed its position in Pool Corporation (NASDAQ:POOL) by 26.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,216 shares of the specialty retailer’s stock after selling 8,883 shares during the quarter. JGP Wealth Management LLC owned about 0.07% of Pool worth $7,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Cim LLC grew its holdings in Pool by 1.3% in the 1st quarter. Cim LLC now owns 2,993 shares of the specialty retailer’s stock valued at $953,000 after buying an additional 38 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of Pool by 14.0% during the second quarter. Whittier Trust Co. now owns 375 shares of the specialty retailer’s stock worth $109,000 after buying an additional 46 shares during the last quarter. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Pool by 1.4% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 3,228 shares of the specialty retailer’s stock valued at $1,001,000 after acquiring an additional 46 shares during the period. Heritage Family Offices LLP grew its stake in shares of Pool by 3.1% in the third quarter. Heritage Family Offices LLP now owns 1,706 shares of the specialty retailer’s stock worth $529,000 after acquiring an additional 51 shares during the last quarter. Finally, Snowden Capital Advisors LLC increased its position in Pool by 4.8% during the second quarter. Snowden Capital Advisors LLC now owns 1,163 shares of the specialty retailer’s stock worth $339,000 after acquiring an additional 53 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Up 0.2%

Shares of Pool stock opened at $231.06 on Thursday. Pool Corporation has a 12-month low of $228.51 and a 12-month high of $374.74. The company has a 50-day simple moving average of $253.33 and a 200 day simple moving average of $289.06. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $8.61 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 4.32 and a beta of 1.23.

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

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, November 12th. Pool’s dividend payout ratio (DPR) is presently 45.58%.

Analysts Set New Price Targets

Several research firms recently commented on POOL. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pool in a research note on Monday. Cfra raised shares of Pool from a “hold” rating to a “buy” rating and set a $304.00 price objective for the company in a research report on Monday. Wells Fargo & Company reduced their target price on shares of Pool from $320.00 to $250.00 and set an “equal weight” rating for the company in a research note on Monday, December 15th. Stifel Nicolaus decreased their target price on Pool from $295.00 to $240.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Finally, The Goldman Sachs Group set a $360.00 price target on Pool and gave the company a “buy” rating in a report on Thursday, October 23rd. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $317.38.

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.