Stephens Investment Management Group LLC and Sumitomo Mitsui Trust Group Inc. have sold their shares in Pool Corporation, while Swedbank AB, Deprince Race & Zollo Inc., Allspring Global Investments Holdings have acquired more. Furthermore, Wells Fargo has lowered the price target for Pool Corporation stock to $250. Meanwhile, the leadership of the company is changing with the retirement of Senior Vice President Kenneth G. St. Romain, and the appointment of the new Executive Vice President John B. Watwood. The company plans to ring the Nasdaq bell in recognition of 30 years on the Exchange. It is also dealing with Macroeconomic turbulence, despite a resilient Q2. Aiper plans to bring innovative cordless robotic cleaning technology to the market through a strategic partnership with Pool Corporation. The company, despite some near-term stagnation, is seen as a long-term buy. Pool Corporation also declared a quarterly cash dividend of $1.25 per share. Baird has upgraded Pool Corporation's rating and the Pool Corporation has increased the share buyback program to $600 million.
Pool Corporation POOL News Analytics from Mon, 24 Feb 2025 08:00:00 GMT to Sat, 17 Jan 2026 20:00:25 GMT - Rating 3 - Innovation 7 - Information 8 - Rumor -1
