Principal Financial Group Inc. Grows Holdings in Polaris Industries Inc. (PII)

Principal Financial Group Inc. lifted its holdings in shares of Polaris Industries Inc. (NYSE:PII) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 244,753 shares of the company’s stock after acquiring an additional 9,997 shares during the quarter. Principal Financial Group Inc. owned 0.39% of Polaris Industries worth $22,574,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in PII. Bank of Montreal Can increased its position in shares of Polaris Industries by 0.7% during the first quarter. Bank of Montreal Can now owns 22,290 shares of the company’s stock worth $1,869,000 after acquiring an additional 154 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp increased its position in shares of Polaris Industries by 15.3% during the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 6,754 shares of the company’s stock worth $566,000 after acquiring an additional 895 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Polaris Industries by 63.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,710 shares of the company’s stock worth $562,000 after acquiring an additional 2,600 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Polaris Industries by 0.4% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,071 shares of the company’s stock worth $760,000 after acquiring an additional 35 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Polaris Industries by 1.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 176,118 shares of the company’s stock worth $14,759,000 after acquiring an additional 2,961 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $87.00 target price on shares of Polaris Industries in a research report on Thursday, September 7th. Northcoast Research reaffirmed a “hold” rating on shares of Polaris Industries in a research report on Tuesday, September 5th. Robert W. Baird lowered Polaris Industries from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $88.00 to $96.00 in a research report on Friday, July 21st. B. Riley reaffirmed a “neutral” rating and set a $91.00 target price on shares of Polaris Industries in a research report on Friday, July 21st. Finally, Royal Bank Of Canada lowered Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 target price on the stock. in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $86.86.

In other Polaris Industries news, CEO Scott W. Wine purchased 1,293 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average price of $88.81 per share, with a total value of $114,831.33. Following the completion of the transaction, the chief executive officer now directly owns 317,000 shares of the company’s stock, valued at approximately $28,152,770. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP James P. Williams sold 5,250 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $93.24, for a total transaction of $489,510.00. Following the completion of the transaction, the senior vice president now directly owns 19,914 shares of the company’s stock, valued at approximately $1,856,781.36. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

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Polaris Industries Inc. (NYSE PII) opened at 97.75 on Wednesday. Polaris Industries Inc. has a 1-year low of $70.14 and a 1-year high of $100.81. The firm has a market capitalization of $6.12 billion, a P/E ratio of 40.88 and a beta of 1.30. The company has a 50-day moving average price of $91.95 and a 200-day moving average price of $87.94.

Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities research analysts predict that Polaris Industries Inc. will post $4.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Wednesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 97.07%.

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.

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

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