Principal Financial Group Inc. boosted its holdings in Polaris Industries Inc. (NYSE:PII) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 250,647 shares of the company’s stock after acquiring an additional 5,894 shares during the quarter. Principal Financial Group Inc. owned about 0.40% of Polaris Industries worth $26,225,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of PII. Pettee Investors Inc. acquired a new stake in Polaris Industries during the 3rd quarter worth about $628,000. West Coast Financial LLC lifted its holdings in Polaris Industries by 2.1% in the 3rd quarter. West Coast Financial LLC now owns 63,877 shares of the company’s stock worth $6,683,000 after purchasing an additional 1,293 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in Polaris Industries by 41.5% in the 3rd quarter. State of Wisconsin Investment Board now owns 214,127 shares of the company’s stock worth $22,404,000 after purchasing an additional 62,764 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Polaris Industries by 0.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 89,641 shares of the company’s stock worth $9,379,000 after buying an additional 530 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in shares of Polaris Industries during the third quarter worth approximately $1,023,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.
In other Polaris Industries news, SVP James P. Williams sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 22,664 shares in the company, valued at approximately $2,880,141.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen L. Eastman sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $127.72, for a total value of $191,580.00. Following the transaction, the insider now directly owns 8,846 shares in the company, valued at $1,129,811.12. The disclosure for this sale can be found here. Insiders have sold a total of 58,102 shares of company stock valued at $7,174,301 in the last three months. 2.20% of the stock is owned by insiders.
A number of brokerages have recently commented on PII. B. Riley upped their price target on Polaris Industries from $91.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Robert W. Baird upped their price target on Polaris Industries from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. SunTrust Banks reiterated a “hold” rating and issued a $115.00 price target on shares of Polaris Industries in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Stifel Nicolaus upped their price target on Polaris Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Royal Bank Of Canada increased their target price on Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. Polaris Industries presently has an average rating of “Hold” and a consensus price target of $99.27.
Shares of Polaris Industries Inc. (PII) traded up $0.21 during midday trading on Wednesday, hitting $126.26. The stock had a trading volume of 832,291 shares, compared to its average volume of 811,070. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34. Polaris Industries Inc. has a one year low of $77.91 and a one year high of $134.29. The company has a market cap of $7,763.37, a P/E ratio of 27.28, a P/E/G ratio of 1.71 and a beta of 1.41.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.24. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the firm posted $0.50 EPS. equities analysts predict that Polaris Industries Inc. will post 4.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.84%. Polaris Industries’s dividend payout ratio (DPR) is currently 73.19%.
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Polaris Industries Company 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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