Nordea Investment Management AB Increases Stock Holdings in Pool Corporation $POOL

Nordea Investment Management AB boosted its position in shares of Pool Corporation (NASDAQ:POOL) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 187,061 shares of the specialty retailer’s stock after buying an additional 3,259 shares during the period. Nordea Investment Management AB owned approximately 0.50% of Pool worth $57,323,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Berkshire Hathaway Inc grew its stake in Pool by 136.3% in the second quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock worth $1,008,196,000 after purchasing an additional 1,994,885 shares in the last quarter. Invesco Ltd. boosted its position in Pool by 11.1% during the second quarter. Invesco Ltd. now owns 699,628 shares of the specialty retailer’s stock worth $203,928,000 after purchasing an additional 70,075 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Pool by 35.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock valued at $179,564,000 after buying an additional 160,878 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Pool by 13.9% during the 2nd quarter. William Blair Investment Management LLC now owns 586,310 shares of the specialty retailer’s stock worth $170,898,000 after purchasing an additional 71,373 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Pool by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 437,139 shares of the specialty retailer’s stock worth $127,417,000 after purchasing an additional 9,961 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on POOL shares. The Goldman Sachs Group dropped 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pool in a report on Monday, December 29th. Wells Fargo & Company reduced their target price on Pool from $320.00 to $250.00 and set an “equal weight” rating for the company in a report on Monday, December 15th. KeyCorp began coverage on Pool in a research report on Tuesday, September 30th. They set a “sector weight” rating for the company. Finally, William Blair reiterated a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $308.00.

Pool Trading Up 1.3%

NASDAQ POOL opened at $265.34 on Thursday. The firm has a market capitalization of $9.88 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 4.61 and a beta of 1.23. The company has a 50-day simple moving average of $240.47 and a 200-day simple moving average of $283.48. Pool Corporation has a one year low of $226.10 and a one year high of $374.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.01. Pool had a return on equity of 31.40% and a net margin of 7.77%.The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm posted $3.26 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, equities analysts forecast that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were issued a dividend of $1.25 per share. The ex-dividend date was Wednesday, November 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.9%. Pool’s dividend payout ratio (DPR) is currently 45.58%.

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.