Wellington Management Group Increases Stake in Pool Corp

Wellington Management Group LLP increased its stake in Pool Corp by 52% to 2.2 million shares. Pool Corp is a leading distributor of swimming pool supplies and related products with a market capitalization of $12.01 billion. The company's stock is trading at $321.75, with a GF Value of $337.75, indicating it is fairly valued. Pool Corp has a robust financial profile, with a Price-to-Earnings Ratio of 29.68 and a GF Score of 92/100.

Wellington Management Group LLP has significantly increased its stake in Pool Corp (POOL) by 52% to 2.2 million shares. This move comes as the company continues to demonstrate robust financial performance and growth potential in the swimming pool supply market.

Pool Corp, a leading distributor of swimming pool supplies and related products, reported a 1.4% decline in its stock price on August 28, 2023, following the announcement of a $1.25 per share dividend. The dividend reflects the company's strong revenue performance, with annual revenue of $2.89 billion and net income of $271 million [1]. Despite the recent decline, the stock is currently trading at $321.75, with a GF Value of $337.75, indicating that it is fairly valued [1].

The company's financial profile remains strong, with a Price-to-Earnings Ratio of 29.68 and a GF Score of 92/100, which suggests that it is well-positioned within the industry. Wellington Management Group's increase in its stake in Pool Corp is a vote of confidence in the company's growth potential and strong cash flow, which supports shareholder returns.

Analysts have set a price target of $342.14 for Pool Corp, citing its growth potential despite mixed ratings and a 28.86 P/E ratio [1]. The company's recent dividend announcement and strong financial performance have likely influenced Wellington Management Group's decision to increase its stake.

Robert C. Sledd, a director at Pool Corp, owns 11,419 shares of the company's stock, worth over $4 million [2]. Sledd's insider ownership and trading history provide further insight into the company's management's confidence in its future prospects.

Overall, Wellington Management Group's increased stake in Pool Corp reflects the company's strong financial performance and growth potential. The move is likely to be seen as a positive signal to investors and financial professionals.

References:
[1] https://www.ainvest.com/news/pool-shares-fall-1-4-200m-volume-spike-rank-496-dividend-reflects-2-89b-revenue-strength-2508/
[2] https://www.gurufocus.com/insider/4659/robert-c-sledd