Polaris Industries Inc. (NYSE:PII) Shares Bought by Eagle Ridge Investment Management
Eagle Ridge Investment Management increased its stake in shares of Polaris Industries Inc. (NYSE:PII) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,889 shares of the company’s stock after buying an additional 969 shares during the period. Eagle Ridge Investment Management’s holdings in Polaris Industries were worth $6,169,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Sheets Smith Wealth Management boosted its position in shares of Polaris Industries by 0.6% in the second quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock valued at $226,000 after buying an additional 14 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Polaris Industries by 0.9% in the first quarter. Rehmann Capital Advisory Group now owns 2,472 shares of the company’s stock valued at $207,000 after buying an additional 23 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of Polaris Industries by 0.7% in the first quarter. CENTRAL TRUST Co now owns 3,793 shares of the company’s stock valued at $318,000 after buying an additional 25 shares in the last quarter. CAPROCK Group Inc. boosted its position in shares of Polaris Industries by 0.5% in the second quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock valued at $460,000 after buying an additional 27 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Polaris Industries by 0.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,071 shares of the company’s stock valued at $760,000 after buying an additional 35 shares in the last quarter. Institutional investors own 93.97% of the company’s stock.
Polaris Industries Inc. (NYSE PII) opened at 89.40 on Friday. Polaris Industries Inc. has a 52 week low of $70.14 and a 52 week high of $99.16. The company has a market cap of $5.59 billion, a P/E ratio of 37.39 and a beta of 1.31. The stock has a 50 day moving average of $90.36 and a 200 day moving average of $86.78.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, analysts expect that Polaris Industries Inc. will post $4.47 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Wednesday, August 30th. Polaris Industries’s payout ratio is currently 97.07%.
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Several equities analysts recently issued reports on the stock. B. Riley reiterated a “neutral” rating and set a $84.00 price target on shares of Polaris Industries in a research report on Wednesday, April 26th. Stifel Nicolaus reissued a “hold” rating and set a $87.00 price objective (up previously from $86.00) on shares of Polaris Industries in a research note on Monday, July 24th. Longbow Research reissued an “underperform” rating and set a $60.00 price objective on shares of Polaris Industries in a research note on Monday, July 17th. Royal Bank Of Canada lowered shares of Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 price objective on the stock. in a research note on Friday, July 21st. Finally, Robert W. Baird lowered shares of Polaris Industries from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $88.00 to $96.00 in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $86.87.
In other news, insider Matthew J. Homan sold 2,600 shares of Polaris Industries stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $86.96, for a total value of $226,096.00. Following the transaction, the insider now owns 20,871 shares of the company’s stock, valued at approximately $1,814,942.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gwenne A. Henricks acquired 1,200 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was purchased at an average cost of $92.27 per share, for a total transaction of $110,724.00. Following the transaction, the director now owns 1,200 shares in the company, valued at $110,724. The disclosure for this purchase can be found here. 2.20% of the stock is 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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