Strive Asset Management LLC Buys New Position in Pool Corporation $POOL

Strive Asset Management LLC purchased a new position in shares of Pool Corporation (NASDAQ:POOL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the specialty retailer’s stock, valued at approximately $3,101,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in POOL. CNB Bank grew its position in shares of Pool by 4.1% during the third quarter. CNB Bank now owns 918 shares of the specialty retailer’s stock worth $285,000 after acquiring an additional 36 shares during the last quarter. Keybank National Association OH boosted its stake in Pool by 4.2% during the 3rd quarter. Keybank National Association OH now owns 999 shares of the specialty retailer’s stock worth $310,000 after purchasing an additional 40 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Pool by 22.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 227 shares of the specialty retailer’s stock worth $70,000 after purchasing an additional 41 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its stake in 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 purchasing an additional 46 shares during the period. Finally, Heritage Family Offices LLP raised its holdings 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 valued at $529,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Down 2.3%

Pool stock opened at $222.00 on Tuesday. The stock’s 50 day moving average price is $247.89 and its 200 day moving average price is $270.32. Pool Corporation has a 1-year low of $210.67 and a 1-year high of $374.74. The company has a market cap of $8.17 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.84 and a beta of 1.25. 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 released its earnings results on Thursday, February 19th. The specialty retailer reported $0.84 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 during the quarter, compared to analyst estimates of $999.14 million. During the same period last year, the business posted $0.97 EPS. Pool’s revenue was down .5% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. On average, sell-side analysts predict that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be issued 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 yield of 2.3%. Pool’s payout ratio is currently 46.13%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company dropped their price target on Pool from $275.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Friday, February 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pool in a research note on Monday, December 29th. Stifel Nicolaus cut their price target on Pool from $240.00 to $232.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Oppenheimer decreased their price target on Pool from $346.00 to $280.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Finally, The Goldman Sachs Group dropped their price objective 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. Five investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $281.50.

Insider Activity

In other Pool news, 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 value 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. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Romain Kenneth G. St purchased 5,560 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were purchased at an average cost of $218.67 per share, for a total transaction of $1,215,805.20. Following the purchase, the senior vice president directly owned 82,845 shares in the company, valued at approximately $18,115,716.15. This represents a 7.19% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.00% of the company’s stock.

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.