Taylor Hoffman Wealth Management Invests $1.01 Million in Polaris Industries Inc. (PII) Stock

Taylor Hoffman Wealth Management acquired a new stake in shares of Polaris Industries Inc. (NYSE:PII) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,153 shares of the company’s stock, valued at approximately $1,011,000. Polaris Industries makes up approximately 2.1% of Taylor Hoffman Wealth Management’s holdings, making the stock its 9th largest position.

A number of other hedge funds also recently bought and sold shares of PII. Calton & Associates Inc. bought a new position in Polaris Industries during the 4th quarter valued at approximately $112,000. Gradient Investments LLC bought a new position in Polaris Industries during the 4th quarter valued at approximately $113,000. NuWave Investment Management LLC bought a new position in Polaris Industries during the 4th quarter valued at approximately $123,000. TD Asset Management Inc. bought a new position in Polaris Industries during the 3rd quarter valued at approximately $222,000. Finally, First Mercantile Trust Co. bought a new position in Polaris Industries during the 4th quarter valued at approximately $222,000. 90.98% of the stock is owned by institutional investors.

A number of research firms recently weighed in on PII. Wells Fargo & Co raised Polaris Industries from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 6th. Citigroup reduced their price objective on Polaris Industries from $136.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research report on Friday, February 2nd. B. Riley reaffirmed a “hold” rating and set a $118.00 price objective on shares of Polaris Industries in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada raised Polaris Industries to a “sector perform” rating and set a $113.00 price objective for the company in a research report on Wednesday, January 31st. They noted that the move was a valuation call. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Polaris Industries presently has an average rating of “Hold” and an average target price of $112.50.

In other news, insider Stephen L. Eastman sold 1,500 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 8,846 shares in the company, valued at approximately $1,129,811.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP James P. Williams sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.08, for a total value of $2,541,600.00. Following the completion of the transaction, the senior vice president now owns 22,664 shares in the company, valued at $2,880,141.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,602 shares of company stock worth $2,741,836. Company insiders own 2.20% of the company’s stock.

Shares of Polaris Industries Inc. (PII) opened at $117.76 on Friday. The company has a market capitalization of $7,453.52, a price-to-earnings ratio of 43.78, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27. Polaris Industries Inc. has a fifty-two week low of $77.91 and a fifty-two week high of $137.66. The company has a quick ratio of 0.42, a current ratio of 1.11 and a debt-to-equity ratio of 0.93.

Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, January 30th. The company reported $1.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.47. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.35 billion. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. sell-side analysts expect that Polaris Industries Inc. will post 6.12 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.60 dividend. This is an increase from Polaris Industries’s previous quarterly dividend of $0.58. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Wednesday, February 28th. Polaris Industries’s dividend payout ratio (DPR) is 86.25%.

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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.

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

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