Wellington Management Group LLP Trims Stake in Pool Corporation $POOL

Wellington Management Group LLP reduced its stake in Pool Corporation (NASDAQ:POOL) by 10.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,576,219 shares of the specialty retailer’s stock after selling 291,205 shares during the period. Wellington Management Group LLP owned 0.07% of Pool worth $553,629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Pool during the 2nd quarter valued at approximately $866,576,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Pool by 3,831.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,001,987 shares of the specialty retailer’s stock valued at $457,955,000 after purchasing an additional 1,951,070 shares during the period. Morgan Stanley boosted its position in shares of Pool by 1.8% during the fourth quarter. Morgan Stanley now owns 1,371,772 shares of the specialty retailer’s stock valued at $313,794,000 after purchasing an additional 23,736 shares in the last quarter. Invesco Ltd. boosted its position in shares of Pool by 21.6% during the fourth quarter. Invesco Ltd. now owns 837,658 shares of the specialty retailer’s stock valued at $191,614,000 after purchasing an additional 148,519 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Pool during the second quarter valued at approximately $148,216,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on POOL shares. Deutsche Bank Aktiengesellschaft set a $185.00 target price on shares of Pool in a report on Friday, July 24th. DA Davidson began coverage on shares of Pool in a research report on Monday, August 24th. They set a “neutral” rating and a $210.00 price target for the company. Oppenheimer dropped their price objective on shares of Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Stifel Nicolaus cut their price objective on shares of Pool from $235.00 to $189.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Finally, Bank of America decreased their target price on shares of Pool from $226.00 to $206.00 and set an “underperform” rating for the company in a research note on Monday, July 20th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $233.10.

Pool Trading Up 1.1%

NASDAQ:POOL opened at $188.07 on Friday. The company’s 50 day moving average price is $199.64 and its 200-day moving average price is $205.07. Pool Corporation has a 52 week low of $172.68 and a 52 week high of $336.15. The company has a quick ratio of 0.91, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 2.54 and a beta of 1.06.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.05. Pool had a net margin of 7.40% and a return on equity of 32.74%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the firm earned $5.17 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. On average, equities research analysts forecast that Pool Corporation will post 10.95 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a $1.30 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.8%. Pool’s dividend payout ratio (DPR) is presently 47.84%.

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.