Polaris Industries Inc. (NYSE:PII) insider Stephen L. Eastman sold 8,500 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $119.25, for a total value of $1,013,625.00. Following the completion of the sale, the insider now owns 18,846 shares in the company, valued at $2,247,385.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.24. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the firm earned $0.50 EPS. The company’s quarterly revenue was up 24.8% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.32 annualized dividend and a dividend yield of 1.96%. Polaris Industries’s dividend payout ratio is currently 73.19%.
Several institutional investors have recently bought and sold shares of the business. IFP Advisors Inc lifted its position in shares of Polaris Industries by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after buying an additional 13 shares in the last quarter. Sheets Smith Wealth Management lifted its position in shares of Polaris Industries by 0.6% during the 2nd quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock worth $226,000 after buying an additional 14 shares in the last quarter. CAPROCK Group Inc. lifted its position in shares of Polaris Industries by 0.5% during the 2nd quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock worth $460,000 after buying an additional 27 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Polaris Industries by 0.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock worth $786,000 after buying an additional 35 shares in the last quarter. Finally, AMG Funds LLC lifted its position in shares of Polaris Industries by 0.4% during the 2nd quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock worth $1,089,000 after buying an additional 42 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.
PII has been the topic of several analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Polaris Industries in a report on Thursday, August 31st. Zacks Investment Research upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Friday, September 29th. Robert W. Baird reiterated a “neutral” rating on shares of Polaris Industries in a report on Sunday, September 3rd. Northcoast Research reiterated a “neutral” rating on shares of Polaris Industries in a report on Friday, October 6th. Finally, Royal Bank Of Canada reiterated a “sell” rating and set a $81.00 target price on shares of Polaris Industries in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $99.27.
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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