TD Asset Management Inc Trims Stock Position in Pool Corporation $POOL

TD Asset Management Inc trimmed its holdings in Pool Corporation (NASDAQ:POOL) by 94.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,835 shares of the specialty retailer’s stock after selling 151,799 shares during the period. TD Asset Management Inc’s holdings in Pool were worth $2,739,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. purchased a new stake in Pool in the first quarter valued at approximately $400,000. Millennium Management LLC raised its stake in Pool by 237.9% during the first quarter. Millennium Management LLC now owns 17,390 shares of the specialty retailer’s stock worth $5,536,000 after purchasing an additional 12,244 shares during the period. Empowered Funds LLC acquired a new position in shares of Pool in the 1st quarter valued at $639,000. Geneos Wealth Management Inc. grew its stake in shares of Pool by 164.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock valued at $50,000 after buying an additional 97 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Pool by 201.2% during the 1st quarter. Acadian Asset Management LLC now owns 2,012 shares of the specialty retailer’s stock valued at $639,000 after buying an additional 1,344 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on POOL. Wells Fargo & Company dropped their price target on Pool from $275.00 to $230.00 and set an “equal weight” rating for the company in a research note on Friday, February 20th. Robert W. Baird dropped their target price on shares of Pool from $320.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. The Goldman Sachs Group cut their price target on shares of Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft set a $246.00 price objective on shares of Pool in a research note on Friday, February 20th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $281.50.

Pool Trading Down 0.4%

NASDAQ POOL opened at $220.31 on Thursday. The company’s fifty day simple moving average is $247.49 and its 200-day simple moving average is $269.26. Pool Corporation has a 52 week low of $210.67 and a 52 week 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. The stock has a market cap of $8.10 billion, a P/E ratio of 20.32, a PEG ratio of 2.76 and a beta of 1.25.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share 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 firm had revenue of $982.21 million for the quarter, compared to analyst estimates of $999.14 million. During the same period in the previous year, the business posted $0.97 earnings per share. Pool’s revenue for the quarter was down .5% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. Equities research analysts predict that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently announced 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, March 12th. Pool’s payout ratio is presently 46.13%.

Insider Transactions at Pool

In other Pool news, SVP Romain Kenneth G. St acquired 5,560 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were bought at an average cost of $218.67 per share, for a total transaction of $1,215,805.20. Following the acquisition, the senior vice president directly owned 82,845 shares of the company’s stock, valued at $18,115,716.15. This trade represents a 7.19% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Melanie M. Hart sold 2,750 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $220.00, for a total value of $605,000.00. Following the transaction, the chief financial officer 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. The SEC filing for this sale provides additional information. 3.00% of the stock is currently owned by insiders.

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.