Polaris Industries Inc. (NYSE:PII) Stake Held by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD held its position in shares of Polaris Industries Inc. (NYSE:PII) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,472 shares of the company’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Polaris Industries were worth $412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama raised its stake in Polaris Industries by 6.6% in the first quarter. Retirement Systems of Alabama now owns 154,591 shares of the company’s stock valued at $12,955,000 after buying an additional 9,525 shares in the last quarter. Rice Hall James & Associates LLC raised its stake in Polaris Industries by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 7,140 shares of the company’s stock valued at $598,000 after buying an additional 205 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Polaris Industries by 1.8% in the first quarter. Nisa Investment Advisors LLC now owns 31,034 shares of the company’s stock valued at $2,601,000 after buying an additional 550 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in Polaris Industries by 98.2% in the first quarter. Conestoga Capital Advisors LLC now owns 16,146 shares of the company’s stock valued at $1,353,000 after buying an additional 8,000 shares in the last quarter. Finally, Somerset Trust Co raised its stake in Polaris Industries by 2.0% in the first quarter. Somerset Trust Co now owns 9,872 shares of the company’s stock valued at $827,000 after buying an additional 198 shares in the last quarter. Institutional investors own 93.98% of the company’s stock.

Polaris Industries Inc. (NYSE PII) opened at 89.35 on Friday. The stock has a 50 day moving average of $90.63 and a 200-day moving average of $86.92. The stock has a market cap of $5.59 billion, a P/E ratio of 37.37 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.

Polaris Industries (NYSE:PII) last released its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Polaris Industries had a net margin of 4.55% and a return on equity of 29.46%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the company posted $1.09 EPS. The company’s revenue was up 20.7% compared to the same quarter last year. Analysts forecast that Polaris Industries Inc. will post $4.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.32 dividend on an annualized basis and a yield of 2.60%. Polaris Industries’s payout ratio is presently 97.07%.

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Several analysts have recently commented on the stock. B. Riley reiterated a “neutral” rating and issued a $91.00 price target on shares of Polaris Industries in a research report on Friday, July 21st. Robert W. Baird lowered shares of Polaris Industries from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $88.00 to $96.00 in a research report on Friday, July 21st. Royal Bank Of Canada lowered shares of Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 target price on the stock. in a research report on Friday, July 21st. Lake Street Capital raised 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. Finally, TheStreet upgraded shares of Polaris Industries from a “c” rating to a “b-” rating in a research report on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. Polaris Industries currently has an average rating of “Hold” and a consensus target price of $86.87.

In other Polaris Industries news, insider Matthew J. Homan sold 2,600 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $86.96, for a total transaction of $226,096.00. Following the transaction, the insider now directly owns 20,871 shares in the company, valued at approximately $1,814,942.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% 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.

Institutional Ownership by Quarter for Polaris Industries (NYSE:PII)

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