Michael D. Dougherty Sells 8,000 Shares of Polaris Industries Inc. (PII) Stock

Polaris Industries Inc. (NYSE:PII) insider Michael D. Dougherty sold 8,000 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $122.23, for a total transaction of $977,840.00. Following the transaction, the insider now owns 13,113 shares of the company’s stock, valued at approximately $1,602,801.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Polaris Industries Inc. (NYSE:PII) opened at 118.43 on Wednesday. The company has a 50-day moving average of $107.67 and a 200-day moving average of $93.86. The stock has a market capitalization of $7.41 billion, a P/E ratio of 49.53 and a beta of 1.31. Polaris Industries Inc. has a 52 week low of $74.65 and a 52 week high of $126.85.

Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm earned $0.50 EPS. The firm’s revenue was up 24.8% compared to the same quarter last year. On average, analysts anticipate that Polaris Industries Inc. will post $4.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a yield of 1.96%. Polaris Industries’s dividend payout ratio is presently 73.19%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc lifted its holdings in Polaris Industries by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after purchasing an additional 13 shares in the last quarter. Sheets Smith Wealth Management lifted its holdings in Polaris Industries by 0.6% in the 2nd quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock worth $226,000 after purchasing an additional 14 shares in the last quarter. CAPROCK Group Inc. lifted its holdings in Polaris Industries by 0.5% in the 2nd quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock worth $460,000 after purchasing an additional 27 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Polaris Industries by 0.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock worth $786,000 after purchasing an additional 35 shares in the last quarter. Finally, AMG Funds LLC lifted its holdings in Polaris Industries by 0.4% in the 2nd quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock worth $1,089,000 after purchasing an additional 42 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

A number of equities analysts have weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $87.00 target price (up previously from $86.00) on shares of Polaris Industries in a research report on Monday, July 24th. B. Riley reiterated a “neutral” rating and set a $91.00 target price on shares of Polaris Industries in a research report on Friday, July 21st. SunTrust Banks, Inc. reiterated a “hold” rating and set a $115.00 target price on shares of Polaris Industries in a research report on Wednesday, October 25th. They noted that the move was a valuation call. 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 for the company. in a research report on Friday, July 21st. Finally, Aegis reiterated a “buy” rating and set a $107.00 target price on shares of Polaris Industries in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently 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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