Stephen L. Eastman Sells 1,500 Shares of Polaris Industries Inc. (PII) Stock

Polaris Industries Inc. (NYSE:PII) insider Stephen L. Eastman sold 1,500 shares of Polaris Industries stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $127.72, for a total value of $191,580.00. Following the sale, the insider now directly owns 8,846 shares of the company’s stock, valued at $1,129,811.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Polaris Industries Inc. (NYSE PII) traded down $1.98 during midday trading on Monday, reaching $124.13. The company’s stock had a trading volume of 768,595 shares, compared to its average volume of 811,652. The firm has a market cap of $7,887.21, a PE ratio of 27.72, a PEG ratio of 1.73 and a beta of 1.41. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34. Polaris Industries Inc. has a 52-week low of $77.91 and a 52-week high of $134.29.

Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.48 billion during 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 company’s quarterly revenue was up 24.8% compared to the same quarter last year. equities research analysts expect that Polaris Industries Inc. will post 4.85 earnings per share for the current fiscal 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 1.87%. Polaris Industries’s dividend payout ratio (DPR) is currently 73.19%.

Several institutional investors have recently bought and sold shares of PII. IFP Advisors Inc raised its holdings 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. Ffcm LLC raised its holdings in shares of Polaris Industries by 6.4% during the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after buying an additional 85 shares in the last quarter. Mosaic Family Wealth LLC raised its holdings in shares of Polaris Industries by 7.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock worth $157,000 after buying an additional 115 shares in the last quarter. ARP Americas LLC acquired a new position in shares of Polaris Industries during the 2nd quarter worth $216,000. Finally, TD Asset Management Inc. acquired a new position in shares of Polaris Industries during the 3rd quarter worth $222,000. 91.08% of the stock is owned by institutional investors.

PII has been the subject of several research reports. Aegis reissued a “buy” rating and set a $107.00 price target on shares of Polaris Industries in a report on Thursday, August 17th. BidaskClub raised Polaris Industries from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris Industries in a report on Thursday, August 31st. Robert W. Baird reaffirmed a “neutral” rating on shares of Polaris Industries in a report on Sunday, September 3rd. Finally, Northcoast Research reaffirmed a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $99.27.

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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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