Osborn Williams & Donohoe LLC lowered its stake in Polaris Industries Inc. (NYSE:PII) by 32.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,794 shares of the company’s stock after selling 1,343 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Polaris Industries were worth $258,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of PII. Stratos Wealth Partners LTD. increased its position in Polaris Industries by 13.3% in the first quarter. Stratos Wealth Partners LTD. now owns 4,059 shares of the company’s stock valued at $340,000 after buying an additional 478 shares during the last quarter. Lau Associates LLC boosted its stake in Polaris Industries by 0.6% in the first quarter. Lau Associates LLC now owns 12,955 shares of the company’s stock worth $1,086,000 after buying an additional 80 shares during the last quarter. Bancorpsouth Inc. acquired a new stake in Polaris Industries during the first quarter worth $244,000. Schroder Investment Management Group boosted its stake in Polaris Industries by 719.9% in the first quarter. Schroder Investment Management Group now owns 241,900 shares of the company’s stock worth $20,218,000 after buying an additional 212,396 shares during the last quarter. Finally, Staton Financial Advisors LLC boosted its stake in Polaris Industries by 3.1% in the first quarter. Staton Financial Advisors LLC now owns 39,630 shares of the company’s stock worth $3,321,000 after buying an additional 1,203 shares during the last quarter. Institutional investors own 93.65% of the company’s stock.
Shares of Polaris Industries Inc. (NYSE PII) traded up 0.50% during midday trading on Friday, hitting $89.32. 511,738 shares of the stock traded hands. The stock has a market capitalization of $5.59 billion, a P/E ratio of 37.36 and a beta of 1.31. Polaris Industries Inc. has a 52 week low of $70.14 and a 52 week high of $99.16. The firm has a 50-day moving average price of $90.40 and a 200-day moving average price of $87.01.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business’s quarterly revenue was up 20.7% on a year-over-year basis. On average, equities analysts predict that Polaris Industries Inc. will post $4.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Wednesday, August 30th. Polaris Industries’s payout ratio is 97.07%.
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A number of equities analysts have commented on the stock. TheStreet upgraded shares of Polaris Industries from a “c” rating to a “b-” rating in a research report on Thursday, July 20th. BMO Capital Markets restated a “buy” rating and issued a $100.00 price target on shares of Polaris Industries in a research report on Thursday, April 27th. BidaskClub upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Wednesday, July 19th. Finally, Lake Street Capital upped their target price on shares of Polaris Industries from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Polaris Industries has a consensus rating of “Hold” and a consensus target price of $86.87.
About Polaris Industries
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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