Nordea Investment Management AB Purchases 3,259 Shares of Pool Corporation $POOL

Nordea Investment Management AB boosted its stake in shares of Pool Corporation (NASDAQ:POOL) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 187,061 shares of the specialty retailer’s stock after purchasing an additional 3,259 shares during the quarter. Nordea Investment Management AB’s holdings in Pool were worth $57,323,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Clearstead Trust LLC bought a new position in Pool in the 2nd quarter worth approximately $25,000. Chilton Capital Management LLC acquired a new stake in shares of Pool in the 2nd quarter valued at $30,000. CYBER HORNET ETFs LLC bought a new stake in shares of Pool during the second quarter worth $30,000. MUFG Securities EMEA plc acquired a new position in shares of Pool during the second quarter valued at $33,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in shares of Pool during the second quarter valued at $34,000. Institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on POOL shares. William Blair reissued a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. Robert W. Baird set a $320.00 target price on Pool and gave the company an “outperform” rating in a research note on Monday. Stifel Nicolaus decreased their target price on Pool from $295.00 to $240.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Cfra upgraded shares of Pool from a “hold” rating to a “buy” rating and set a $304.00 price target on the stock in a research report on Monday, December 22nd. Finally, KeyCorp assumed coverage on Pool in a report on Tuesday, September 30th. They issued a “sector weight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $308.00.

Pool Price Performance

NASDAQ:POOL opened at $265.34 on Thursday. The firm’s fifty day moving average price is $240.47 and its two-hundred day moving average price is $283.48. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.57 and a quick ratio of 0.87. The company has a market cap of $9.88 billion, a P/E ratio of 24.19, a P/E/G ratio of 4.61 and a beta of 1.23. Pool Corporation has a one year low of $226.10 and a one year high of $374.74.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. The company had revenue of $1.45 billion during 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%. Pool’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities analysts expect that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. Pool’s payout ratio is presently 45.58%.

Pool 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.