Polaris Industries Inc. (PII) Position Decreased by HM Payson & Co.

Polaris Industries Inc. (PII) Position Decreased by HM Payson & Co.

HM Payson & Co. reduced its position in shares of Polaris Industries Inc. (NYSE:PII) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 180,175 shares of the company’s stock after selling 14,125 shares during the period. HM Payson & Co. owned 0.28% of Polaris Industries worth $13,952,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in shares of Polaris Industries by 12.1% in the third quarter. Wells Fargo & Company MN now owns 3,343,426 shares of the company’s stock valued at $258,915,000 after buying an additional 359,582 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Polaris Industries by 3.5% in the third quarter. BlackRock Fund Advisors now owns 2,216,925 shares of the company’s stock valued at $171,679,000 after buying an additional 75,449 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Polaris Industries by 1,400.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,219,076 shares of the company’s stock valued at $94,405,000 after buying an additional 1,137,838 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Polaris Industries by 4.6% in the third quarter. Bank of New York Mellon Corp now owns 823,655 shares of the company’s stock valued at $63,784,000 after buying an additional 36,427 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Polaris Industries by 215.8% in the third quarter. Schroder Investment Management Group now owns 667,080 shares of the company’s stock valued at $51,659,000 after buying an additional 455,837 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Industries Inc. (NYSE:PII) traded up 0.07% during midday trading on Friday, reaching $87.78. 288,410 shares of the company were exchanged. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 26.84 and a beta of 1.19. The firm’s 50-day moving average price is $84.73 and its 200 day moving average price is $84.08. Polaris Industries Inc. has a 52-week low of $70.14 and a 52-week high of $104.25.

Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, January 24th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.01. The firm earned $1.22 billion during the quarter, compared to analyst estimates of $1.08 billion. Polaris Industries had a net margin of 4.71% and a return on equity of 24.82%. Polaris Industries’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.66 EPS. Equities analysts predict that Polaris Industries Inc. will post $4.42 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Monday, February 27th. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.55. Polaris Industries’s dividend payout ratio is currently 67.28%.

Several brokerages have issued reports on PII. B. Riley reissued a “neutral” rating and set a $78.00 price objective on shares of Polaris Industries in a research report on Monday, October 24th. Jefferies Group LLC set a $78.00 price objective on shares of Polaris Industries and gave the stock a “hold” rating in a research report on Sunday, December 18th. RBC Capital Markets set a $79.00 price objective on shares of Polaris Industries and gave the stock a “hold” rating in a research report on Wednesday, January 25th. Lake Street Capital raised their price objective on shares of Polaris Industries from $85.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, January 25th. Finally, Stifel Nicolaus lifted their target price on shares of Polaris Industries from $76.00 to $85.00 and gave the company a “hold” rating in a report on Friday, January 20th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company. Polaris Industries presently has a consensus rating of “Hold” and a consensus target price of $85.89.

Polaris Industries Company Profile

Polaris Industries Inc (Polaris) designs, engineers and manufactures 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, together with the related parts, garments and accessories.

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