Insider Selling: Polaris Industries Inc. (PII) Insider Sells $977,840.00 in Stock
Polaris Industries Inc. (NYSE:PII) insider Michael D. Dougherty sold 8,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $122.23, for a total value of $977,840.00. Following the sale, the insider now directly owns 13,113 shares of the company’s stock, valued at $1,602,801.99. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.24. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business posted $0.50 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.58 dividend. The ex-dividend date is Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.96%. Polaris Industries’s dividend payout ratio (DPR) is 73.19%.
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Hedge funds have recently bought and sold shares of the company. Trust Co. of Vermont grew its stake in shares of Polaris Industries by 132.0% in the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock valued at $109,000 after buying an additional 673 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Polaris Industries by 1.0% in the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after buying an additional 13 shares in the last quarter. Ffcm LLC grew its stake in shares of Polaris Industries by 6.4% in the second quarter. Ffcm LLC now owns 1,415 shares of the company’s stock valued at $131,000 after buying an additional 85 shares in the last quarter. Mosaic Family Wealth LLC grew its stake in shares of Polaris Industries by 7.2% in the second quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock valued at $157,000 after buying an additional 115 shares in the last quarter. Finally, ARP Americas LLC acquired a new stake in shares of Polaris Industries in the second quarter valued at about $216,000. Institutional investors and hedge funds own 95.14% of the company’s stock.
PII has been the subject of a number of recent analyst reports. TheStreet raised Polaris Industries from a “c” rating to a “b-” rating in a research report on Thursday, July 20th. Lake Street Capital raised their price objective on Polaris Industries from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Wednesday, July 19th. Aegis reissued a “buy” rating and set a $107.00 price objective on shares of Polaris Industries in a research report on Thursday, August 17th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $87.00 price objective (up from $86.00) on shares of Polaris Industries in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $99.27.
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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