The stock of Pool Corporation (POOL), a leading distributor of swimming pool supplies, has been under scrutiny because of its recent performance against the wider industrial sector. Assenagon Asset Management has increased its stake in POOL. Aiper, a manufacturer of robot pool cleaners, has entered into a partnership agreement with POOLCORP to expand cordless cleaner distribution.
Various investment firms, including Goldman Sachs Group, Voya Investment Management, and United Services Automobile Association, among other companies, have increased, trimmed, or established new stock holdings in POOL, reflecting mixed sentiment. Analysts have set POOL's average target price at $342.14, which indicates a potential upside if the company meets this target.
Moreover, the company has announced an increased share buyback plan of $600 million, which signifies management's confidence in future performance. It has also increased its cash dividend. Conversely, the recent withdrawal from the FTSE All-World Index may cast a shadow on the company's market performance. Despite this, Berkshire Hathaway could possibly be showing interest in Pool Corporation, indicating a bullish perspective from legendary investor Warren Buffett.
Pool Corporation POOL News Analytics from Sun, 17 Nov 2024 08:00:00 GMT to Fri, 26 Sep 2025 20:42:50 GMT - Rating 0 - Innovation 5 - Information 8 - Rumor -4
