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Melanie Housey Hart, the Senior Vice President, Chief Financial Officer, and Treasurer of Pool Corporation (NASDAQ:POOL), a $13.25 billion market cap company trading at a P/E ratio of 29.85x, recently executed several transactions involving the company’s common stock, according to a filing with the Securities and Exchange Commission. According to InvestingPro analysis, the company has maintained dividend payments for 21 consecutive years and operates with moderate debt levels.
On February 24, Hart sold a total of 2,312 shares of Pool Corp stock, generating proceeds of approximately $799,005. The shares were sold at prices ranging from $344.92 to $346.38 per share. This sale followed the exercise of 1,250 non-qualified stock options at a price of $69.85 per share, indicating a strategic move to capitalize on her holdings. The stock, which generally trades with low price volatility, currently trades near $348.72.
Additionally, on February 23, Hart disposed of 199 shares at a price of $344 per share. After these transactions, Hart’s direct ownership amounts to 14,720 shares of Pool Corp.
These transactions highlight Hart’s active management of her equity position in Pool Corp, a leading distributor of swimming pool supplies and related products.
In other recent news, Pool Corporation reported impressive financial results for the fourth quarter of 2024, exceeding market expectations. The company achieved earnings per share (EPS) of $0.98, surpassing the forecast of $0.92, while revenue reached $987.5 million, above the anticipated $960 million. Despite a 4% decline in full-year revenue to $5.3 billion, Pool Corporation maintained a strong market position through strategic investments and innovation. The company reduced its total debt by $103 million, highlighting effective financial management. In terms of executive changes, Pool Corporation announced the departure of Kristopher R. Neff, Vice President of Strategy and Corporate Development, as disclosed in a recent SEC filing. The company has not yet announced a successor or interim executive for Neff’s position. Analyst firms have not provided any upgrades or downgrades following these announcements, but investor confidence remains positive as reflected in the company’s stock performance. These developments showcase Pool Corporation’s resilience and strategic focus amid a challenging market environment.
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