Pool Corporation (NASDAQ:POOL) Increases Dividend to $1.30 Per Share

Pool Corporation (NASDAQ:POOL) declared a quarterly dividend on Wednesday, April 29th. Investors of record on Thursday, May 14th will be given a dividend of 1.30 per share by the specialty retailer on Thursday, May 28th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, May 14th. This is a 4.0% increase from Pool’s previous quarterly dividend of $1.25.

Pool has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 15 years. Pool has a payout ratio of 41.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Pool to earn $12.15 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 41.2%.

Pool Stock Performance

Pool stock traded up $4.82 during mid-day trading on Thursday, reaching $214.43. The company’s stock had a trading volume of 172,505 shares, compared to its average volume of 804,893. Pool has a 12-month low of $195.49 and a 12-month high of $345.00. The company has a market capitalization of $7.87 billion, a P/E ratio of 19.76, a PEG ratio of 2.86 and a beta of 1.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 1.87. The firm’s fifty day moving average price is $214.03 and its two-hundred day moving average price is $240.67.

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

Insider Activity

In other news, Director De La Mesa Manuel J. Perez acquired 5,000 shares of the stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $205.00 per share, with a total value of $1,025,000.00. Following the completion of the purchase, the director owned 110,108 shares in the company, valued at approximately $22,572,140. The trade was a 4.76% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Melanie M. Hart sold 2,750 shares of the company’s 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 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. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Pool

A number of institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its stake in Pool by 16.2% in the third quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock worth $794,825,000 after buying an additional 357,643 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Pool by 3,831.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,001,987 shares of the specialty retailer’s stock worth $457,955,000 after buying an additional 1,951,070 shares in the last quarter. Morgan Stanley grew its holdings in Pool by 1.8% in the fourth quarter. Morgan Stanley now owns 1,371,772 shares of the specialty retailer’s stock worth $313,794,000 after purchasing an additional 23,736 shares during the period. Invesco Ltd. grew its holdings in Pool by 21.6% in the fourth quarter. Invesco Ltd. now owns 837,658 shares of the specialty retailer’s stock worth $191,614,000 after purchasing an additional 148,519 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Pool by 0.3% in 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 period. 98.99% of the stock is owned by institutional investors.

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.