Findlay Park Partners LLP Trims Holdings in Pool Corporation $POOL

Findlay Park Partners LLP trimmed its holdings in shares of Pool Corporation (NASDAQ:POOL) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 242,475 shares of the specialty retailer’s stock after selling 4,200 shares during the quarter. Findlay Park Partners LLP’s holdings in Pool were worth $75,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Berkshire Hathaway Inc increased its position in shares of Pool by 136.3% in the second quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock valued at $1,008,196,000 after buying an additional 1,994,885 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Pool by 11.1% during the 2nd quarter. Invesco Ltd. now owns 699,628 shares of the specialty retailer’s stock worth $203,928,000 after purchasing an additional 70,075 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Pool by 35.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock valued at $179,564,000 after buying an additional 160,878 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Pool by 0.3% during the third quarter. Envestnet Asset Management Inc. now owns 438,476 shares of the specialty retailer’s stock worth $135,958,000 after purchasing an additional 1,337 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Pool during the 2nd quarter worth approximately $113,617,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

POOL has been the topic of a number of recent analyst reports. Robert W. Baird decreased their target price on shares of Pool from $320.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. The Goldman Sachs Group cut their target price on shares of Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Wells Fargo & Company cut their price target on Pool from $275.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Friday, February 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft set a $246.00 target price on Pool in a research report on Friday, February 20th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $281.50.

Insider Transactions at Pool

In related news, SVP Romain Kenneth G. St bought 5,560 shares of the stock in a transaction on Monday, February 23rd. The shares were bought at an average cost of $218.67 per share, for a total transaction of $1,215,805.20. Following the completion of the transaction, the senior vice president owned 82,845 shares of the company’s stock, valued at $18,115,716.15. This represents a 7.19% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Melanie M. Hart sold 2,750 shares of the stock in a transaction dated Tuesday, February 24th. The shares were 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 approximately $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. Company insiders own 3.00% of the company’s stock.

Pool Stock Performance

NASDAQ POOL opened at $227.18 on Friday. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.79 and a beta of 1.22. The business’s 50 day moving average is $248.10 and its two-hundred day moving average is $271.75. Pool Corporation has a 12-month low of $210.67 and a 12-month high of $374.74. The company has a current ratio of 2.24, a quick ratio of 0.59 and a debt-to-equity ratio of 1.00.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share 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 during the quarter, compared to analysts’ expectations of $999.14 million. During the same quarter last year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. Research analysts expect that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. Pool’s dividend payout ratio is 46.13%.

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.