Handelsbanken Fonder AB Purchases 26,200 Shares of Pool Corporation $POOL

Handelsbanken Fonder AB grew its position in shares of Pool Corporation (NASDAQ:POOL) by 20.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 156,044 shares of the specialty retailer’s stock after buying an additional 26,200 shares during the quarter. Handelsbanken Fonder AB owned 0.42% of Pool worth $48,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CNB Bank increased 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 valued at $285,000 after acquiring an additional 36 shares during the last quarter. Keybank National Association OH grew its stake in Pool by 4.2% in the 3rd quarter. Keybank National Association OH now owns 999 shares of the specialty retailer’s stock valued at $310,000 after purchasing an additional 40 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Pool by 22.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 227 shares of the specialty retailer’s stock valued at $70,000 after purchasing an additional 41 shares during the period. Mitchell & Pahl Private Wealth LLC increased its position in shares of Pool by 1.4% during the 3rd 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 last quarter. Finally, Heritage Family Offices LLP raised its stake in shares of Pool by 3.1% during the 3rd quarter. Heritage Family Offices LLP now owns 1,706 shares of the specialty retailer’s stock worth $529,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on POOL shares. Oppenheimer reduced their price target on shares of Pool from $346.00 to $280.00 and set an “outperform” rating for the company in a research report on Tuesday. Wells Fargo & Company dropped their target price on shares of Pool from $275.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $246.00 price target on shares of Pool in a research note on Friday, February 20th. Cfra upgraded Pool from a “hold” rating to a “buy” rating and set a $304.00 price objective on the stock in a research note on Monday, December 22nd. Finally, The Goldman Sachs Group decreased their target price on Pool from $360.00 to $310.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Pool presently has an average rating of “Hold” and a consensus target price of $281.50.

Insider Activity

In other news, SVP Romain Kenneth G. St bought 5,560 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were acquired at an average price of $218.67 per share, with a total value of $1,215,805.20. Following the acquisition, the senior vice president owned 82,845 shares of the company’s stock, valued at approximately $18,115,716.15. The trade was a 7.19% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Melanie M. Hart sold 2,750 shares of the firm’s stock in a transaction on 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. The trade was a 13.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.00% of the company’s stock.

Pool Stock Performance

Shares of POOL stock opened at $227.18 on Friday. The firm’s 50 day moving average is $248.10 and its 200 day moving average is $271.75. The stock has a market capitalization of $8.46 billion, a P/E ratio of 20.96, a PEG ratio of 2.79 and a beta of 1.22. 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 issued its earnings results on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share (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 for the quarter, compared to the consensus estimate of $999.14 million. During the same period in the previous year, the firm earned $0.97 EPS. The company’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 anticipate that Pool Corporation will post 11.32 earnings per share 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 given a dividend of $1.25 per share. The ex-dividend date is Thursday, March 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. Pool’s dividend payout ratio is currently 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.