Bank of Montreal Can reduced its stake in Polaris Industries Inc. (NYSE:PII) by 17.0% in the 4th quarter, Holdings Channel reports. The firm owned 22,067 shares of the company’s stock after selling 4,525 shares during the period. Bank of Montreal Can’s holdings in Polaris Industries were worth $2,736,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in PII. Dimensional Fund Advisors LP increased its holdings in Polaris Industries by 28.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 535,963 shares of the company’s stock worth $49,432,000 after buying an additional 119,645 shares during the period. HighTower Advisors LLC increased its holdings in Polaris Industries by 4.6% in the 2nd quarter. HighTower Advisors LLC now owns 7,246 shares of the company’s stock worth $665,000 after buying an additional 320 shares during the period. Tudor Investment Corp ET AL acquired a new position in Polaris Industries in the 2nd quarter worth approximately $384,000. State Street Corp increased its holdings in Polaris Industries by 3.8% in the 2nd quarter. State Street Corp now owns 4,377,894 shares of the company’s stock worth $403,763,000 after buying an additional 161,055 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Polaris Industries by 12.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 53,366 shares of the company’s stock worth $4,922,000 after buying an additional 5,779 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Polaris Industries Inc. (PII) opened at $111.91 on Friday. Polaris Industries Inc. has a one year low of $77.91 and a one year high of $137.66. The stock has a market cap of $7,000.00, a price-to-earnings ratio of 41.60, a P/E/G ratio of 1.21 and a beta of 1.27. The company has a quick ratio of 0.42, a current ratio of 1.11 and a debt-to-equity ratio of 0.93.

Polaris Industries (NYSE:PII) last released its quarterly earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.47. Polaris Industries had a net margin of 3.18% and a return on equity of 35.38%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the company earned $0.97 EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. equities analysts expect that Polaris Industries Inc. will post 6.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.60 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $2.40 dividend on an annualized basis and a yield of 2.14%. This is a boost from Polaris Industries’s previous quarterly dividend of $0.58. Polaris Industries’s dividend payout ratio (DPR) is currently 86.25%.

PII has been the topic of several research reports. Wedbush reiterated a “neutral” rating and issued a $119.00 price target (up previously from $112.00) on shares of Polaris Industries in a report on Wednesday, January 3rd. Royal Bank of Canada increased their price target on shares of Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. Robert W. Baird raised their price objective on shares of Polaris Industries from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Wells Fargo & Co raised shares of Polaris Industries from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Finally, Stephens set a $133.00 price objective on shares of Polaris Industries and gave the stock a “hold” rating in a research note on Friday, January 19th. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $112.50.

In other Polaris Industries news, SVP James P. Williams sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.08, for a total value of $2,541,600.00. Following the transaction, the senior vice president now owns 22,664 shares in the company, valued at approximately $2,880,141.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen L. Eastman sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $127.72, for a total value of $191,580.00. Following the completion of the transaction, the insider now owns 8,846 shares in the company, valued at approximately $1,129,811.12. The disclosure for this sale can be found here. Insiders sold a total of 21,602 shares of company stock worth $2,741,836 in the last three months. 2.20% of the stock is owned by corporate insiders.

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Polaris Industries Profile

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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Institutional Ownership by Quarter for Polaris Industries (NYSE:PII)

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