Polaris Industries Inc. (PII) Insider Michael D. Dougherty Sells 8,000 Shares
Polaris Industries Inc. (NYSE:PII) insider Michael D. Dougherty sold 8,000 shares of Polaris Industries stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $122.23, for a total transaction of $977,840.00. Following the sale, the insider now owns 13,113 shares in the company, valued at approximately $1,602,801.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Polaris Industries Inc. (PII) traded down 1.39% during trading on Monday, reaching $117.25. 1,056,360 shares of the company’s stock were exchanged. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 49.04 and a beta of 1.31. The stock’s 50-day moving average price is $106.60 and its 200-day moving average price is $93.23. Polaris Industries Inc. has a 52-week low of $73.98 and a 52-week high of $126.85.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.24. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. Equities analysts expect that Polaris Industries Inc. will post $4.78 earnings per share for the current 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 1.98%. Polaris Industries’s dividend payout ratio (DPR) is presently 73.19%.
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A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. TheStreet upgraded shares of Polaris Industries from a “c” rating to a “b-” rating in a research note on Thursday, July 20th. Zacks Investment Research lowered shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. B. Riley set a $91.00 price objective on shares of Polaris Industries and gave the company a “hold” rating in a research note on Monday, October 23rd. Finally, Northcoast Research reiterated a “neutral” rating on shares of Polaris Industries in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $99.27.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc raised its stake in shares of Polaris Industries by 1.0% in the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after purchasing an additional 13 shares in the last quarter. Sheets Smith Wealth Management raised its stake 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 purchasing an additional 14 shares in the last quarter. CAPROCK Group Inc. raised its stake 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 purchasing an additional 27 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Polaris Industries by 0.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock valued at $786,000 after purchasing an additional 35 shares in the last quarter. Finally, AMG Funds LLC raised its stake in shares of Polaris Industries by 0.4% in the second quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock valued at $1,089,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.
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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