Penobscot Investment Management Company Inc. Sells 240 Shares of Pool Corporation $POOL

Penobscot Investment Management Company Inc. decreased its holdings in Pool Corporation (NASDAQ:POOL) by 17.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,105 shares of the specialty retailer’s stock after selling 240 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Pool were worth $322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of POOL. Versant Capital Management Inc raised its stake in Pool by 790.9% in the first quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 87 shares during the period. Merit Financial Group LLC raised its stake in Pool by 27.3% in the first quarter. Merit Financial Group LLC now owns 4,555 shares of the specialty retailer’s stock valued at $1,450,000 after buying an additional 976 shares during the period. Sentry Investment Management LLC bought a new position in shares of Pool during the first quarter worth approximately $30,000. Signal Advisors Wealth LLC increased its stake in shares of Pool by 40.4% during the first quarter. Signal Advisors Wealth LLC now owns 3,383 shares of the specialty retailer’s stock worth $1,077,000 after purchasing an additional 974 shares during the period. Finally, Impact Capital Partners LLC increased its stake in shares of Pool by 8.0% during the first quarter. Impact Capital Partners LLC now owns 2,099 shares of the specialty retailer’s stock worth $668,000 after purchasing an additional 155 shares during the period. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 0.8%

NASDAQ POOL opened at $309.61 on Friday. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 4.29 and a beta of 1.11. The business’s fifty day moving average is $316.01 and its 200 day moving average is $308.52.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%.The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the business posted $4.99 EPS. Pool’s revenue for the quarter was up .9% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, sell-side analysts expect that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. Pool’s dividend payout ratio (DPR) is 46.13%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pool in a research note on Saturday, September 27th. Wall Street Zen upgraded Pool from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Wells Fargo & Company increased their target price on Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Robert W. Baird increased their target price on Pool from $310.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Finally, KeyCorp assumed coverage on Pool in a research note on Tuesday, September 30th. They set a “sector weight” rating on the stock. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $342.14.

Pool Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.