330 Shares in Polaris Inc. (NYSE:PII) Acquired by BKM Wealth Management LLC

BKM Wealth Management LLC acquired a new position in Polaris Inc. (NYSE:PII) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 330 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also bought and sold shares of PII. Farther Finance Advisors LLC boosted its stake in Polaris by 71.2% in the second quarter. Farther Finance Advisors LLC now owns 250 shares of the company’s stock worth $30,000 after buying an additional 104 shares in the last quarter. Money Concepts Capital Corp boosted its stake in Polaris by 89.1% in the fourth quarter. Money Concepts Capital Corp now owns 312 shares of the company’s stock worth $32,000 after buying an additional 147 shares in the last quarter. Huntington National Bank boosted its stake in Polaris by 526.0% in the second quarter. Huntington National Bank now owns 313 shares of the company’s stock worth $38,000 after buying an additional 263 shares in the last quarter. Larson Financial Group LLC boosted its stake in Polaris by 536.5% in the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock worth $42,000 after buying an additional 338 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new stake in Polaris in the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Price Performance

Shares of NYSE:PII opened at $94.57 on Tuesday. Polaris Inc. has a 1-year low of $82.00 and a 1-year high of $138.49. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.39 and a quick ratio of 0.46. The business has a fifty day moving average price of $91.80 and a 200-day moving average price of $93.13. The company has a market capitalization of $5.34 billion, a PE ratio of 10.87 and a beta of 1.59.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.69). Polaris had a net margin of 5.63% and a return on equity of 40.98%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the business earned $3.46 earnings per share. Polaris’s revenue was down 4.8% compared to the same quarter last year. As a group, equities analysts expect that Polaris Inc. will post 7.98 EPS for the current fiscal year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from Polaris’s previous quarterly dividend of $0.65. This represents a $2.64 annualized dividend and a dividend yield of 2.79%. Polaris’s dividend payout ratio (DPR) is presently 30.34%.

Wall Street Analyst Weigh In

Several analysts have issued reports on PII shares. DA Davidson reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Polaris in a research note on Tuesday, March 5th. Royal Bank of Canada increased their price objective on Polaris from $100.00 to $103.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Morgan Stanley raised Polaris from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $103.00 to $113.00 in a research note on Wednesday, January 17th. Truist Financial dropped their price target on Polaris from $100.00 to $96.00 and set a “hold” rating for the company in a research note on Wednesday, January 31st. Finally, KeyCorp dropped their price target on Polaris from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, January 12th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $102.44.

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.