Truist Financial Corp Sells 10,434 Shares of Pool Corporation $POOL

Truist Financial Corp cut its stake in shares of Pool Corporation (NASDAQ:POOL) by 33.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,009 shares of the specialty retailer’s stock after selling 10,434 shares during the quarter. Truist Financial Corp’s holdings in Pool were worth $4,806,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in shares of Pool by 16.2% during the third quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock valued at $794,825,000 after acquiring an additional 357,643 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Pool by 0.3% during the third quarter. Envestnet Asset Management Inc. now owns 438,476 shares of the specialty retailer’s stock valued at $135,958,000 after acquiring an additional 1,337 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Pool by 0.7% during the third quarter. Raymond James Financial Inc. now owns 356,856 shares of the specialty retailer’s stock valued at $110,650,000 after acquiring an additional 2,635 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Pool by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 324,471 shares of the specialty retailer’s stock valued at $100,611,000 after acquiring an additional 9,874 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Pool by 11.5% during the third quarter. American Century Companies Inc. now owns 301,343 shares of the specialty retailer’s stock valued at $93,437,000 after acquiring an additional 31,117 shares during the period. 98.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

POOL has been the subject of a number of analyst reports. Bank of America cut their price objective on Pool from $229.00 to $226.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Zacks Research raised Pool from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded Pool from a “sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings upgraded Pool from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group lowered their target price on Pool from $360.00 to $310.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $265.13.

Insider Transactions at Pool

In other news, SVP Romain Kenneth G. St acquired 5,560 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was purchased 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 directly owned 82,845 shares in the company, valued at $18,115,716.15. This trade represents a 7.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director De La Mesa Manuel J. Perez acquired 10,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average price of $190.00 per share, with a total value of $1,900,000.00. Following the completion of the transaction, the director owned 30,108 shares of the company’s stock, valued at approximately $5,720,520. This trade represents a 49.73% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 22,024 shares of company stock valued at $4,424,071. 3.00% of the stock is currently owned by insiders.

More Pool News

Here are the key news stories impacting Pool this week:

• Positive Sentiment: Director Manuel J. Perez de la Mesa bought 10,000 shares for about $1.9 million, a sizable increase in his stake that can signal strong insider confidence in Pool Corporation’s outlook. SEC filing
• Positive Sentiment: Director John E. Stokely purchased 1,000 shares, adding to his position and reinforcing the view that management insiders see value at current levels. SEC filing
• Positive Sentiment: Director James D. Hope also bought shares, further adding to the insider-buying cluster that often supports investor sentiment. SEC filing
• Positive Sentiment: Seeking Alpha published a note titled “Pool Corporation: Abrupt CEO Change Doesn’t Disrupt Earnings (Rating Upgrade),” suggesting at least one analyst sees the leadership change as manageable and the earnings outlook still intact. Article
• Neutral Sentiment: Several unrelated articles about pools, pool financing, and pool cleaners appeared in the news feed, but they do not appear to be direct company-specific catalysts for Pool Corporation.

Pool Price Performance

Shares of POOL stock opened at $187.77 on Monday. The stock has a 50-day moving average price of $212.09 and a 200 day moving average price of $237.58. The company has a quick ratio of 0.55, a current ratio of 1.87 and a debt-to-equity ratio of 1.09. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 2.38 and a beta of 1.16. Pool Corporation has a 12 month low of $184.50 and a 12 month high of $345.00.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.09. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.82 billion. Pool had a return on equity of 32.37% and a net margin of 7.57%.The company’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the company earned $1.32 earnings per share. Pool has set its FY 2026 guidance at 10.870-11.170 EPS. Research analysts expect that Pool Corporation will post 11.07 EPS for the current year.

Pool Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be given a $1.30 dividend. The ex-dividend date is Thursday, May 14th. This is a positive change from Pool’s previous quarterly dividend of $1.25. This represents a $5.20 dividend on an annualized basis and a yield of 2.8%. Pool’s dividend payout ratio is 47.84%.

Pool declared that its board has initiated a stock buyback program on Wednesday, April 29th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the specialty retailer to purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

About Pool

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.