Commerce Bank boosted its position in Polaris Industries Inc. (NYSE:PII) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,771 shares of the company’s stock after purchasing an additional 190 shares during the quarter. Commerce Bank’s holdings in Polaris Industries were worth $256,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its stake in Polaris Industries by 13.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 4,059 shares of the company’s stock valued at $340,000 after purchasing an additional 478 shares during the last quarter. Bancorpsouth Inc. acquired a new position in Polaris Industries in the 1st quarter valued at $244,000. Schroder Investment Management Group raised its stake in Polaris Industries by 719.9% in the 1st quarter. Schroder Investment Management Group now owns 241,900 shares of the company’s stock valued at $20,218,000 after purchasing an additional 212,396 shares during the last quarter. Staton Financial Advisors LLC raised its stake in Polaris Industries by 3.1% in the 1st quarter. Staton Financial Advisors LLC now owns 39,630 shares of the company’s stock valued at $3,321,000 after purchasing an additional 1,203 shares during the last quarter. Finally, Blair William & Co. IL raised its stake in Polaris Industries by 1.6% in the 1st quarter. Blair William & Co. IL now owns 7,109 shares of the company’s stock valued at $598,000 after purchasing an additional 111 shares during the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.
Polaris Industries Inc. (NYSE:PII) opened at 98.99 on Tuesday. Polaris Industries Inc. has a 1-year low of $70.14 and a 1-year high of $100.81. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 41.40 and a beta of 1.30. The company’s 50-day moving average price is $91.75 and its 200 day moving average price is $87.86.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, equities analysts expect that Polaris Industries Inc. will post $4.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Wednesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 97.07%.
Several research analysts recently commented on the company. Stifel Nicolaus reissued a “hold” rating and issued a $87.00 price objective on shares of Polaris Industries in a research note on Thursday, September 7th. Northcoast Research restated a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 5th. Robert W. Baird restated a “neutral” rating on shares of Polaris Industries in a report on Sunday, September 3rd. KeyCorp restated a “sector weight” rating on shares of Polaris Industries in a report on Thursday, August 31st. Finally, BidaskClub upgraded Polaris Industries from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Polaris Industries presently has an average rating of “Hold” and an average target price of $86.86.
In other Polaris Industries news, SVP James P. Williams sold 5,250 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $93.24, for a total transaction of $489,510.00. Following the completion of the sale, the senior vice president now owns 19,914 shares of the company’s stock, valued at $1,856,781.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott W. Wine purchased 1,293 shares of the stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $88.81 per share, with a total value of $114,831.33. Following the transaction, the chief executive officer now owns 317,000 shares of the company’s stock, valued at approximately $28,152,770. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by insiders.
About Polaris Industries
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use; Snowmobiles, Motorcycles and Global Adjacent Markets vehicles, including Work and Transportation and military vehicles.
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