HM Payson & Co. Sells 425 Shares of Polaris Inc. (NYSE:PII)

HM Payson & Co. cut its stake in Polaris Inc. (NYSE:PII) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,646 shares of the company’s stock after selling 425 shares during the period. HM Payson & Co.’s holdings in Polaris were worth $3,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PII. Raymond James Financial Inc. bought a new position in shares of Polaris in the fourth quarter worth about $21,776,000. Bank of New York Mellon Corp raised its stake in shares of Polaris by 45.3% in the fourth quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company’s stock worth $44,740,000 after acquiring an additional 241,926 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Polaris by 44.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after acquiring an additional 171,366 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Polaris in the third quarter worth about $12,670,000. Finally, Weiss Asset Management LP bought a new position in shares of Polaris in the third quarter worth about $10,844,000. 88.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

PII has been the subject of a number of research analyst reports. Roth Mkm dropped their target price on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Citigroup dropped their price target on shares of Polaris from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. DA Davidson dropped their price target on shares of Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. KeyCorp downgraded shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $60.00 price target (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $66.17.

Polaris Stock Up 5.8 %

Shares of NYSE PII opened at $47.58 on Friday. The stock has a market cap of $2.67 billion, a P/E ratio of 24.28, a P/E/G ratio of 13.95 and a beta of 1.54. The firm has a 50 day moving average price of $49.94 and a 200 day moving average price of $65.52. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. Polaris Inc. has a 52-week low of $39.79 and a 52-week high of $100.91.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Analysts expect that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 5.63%. The ex-dividend date is Monday, March 3rd. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio is 136.73%.

About Polaris

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.