49,152 Shares in Polaris Inc. $PII Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new position in shares of Polaris Inc. (NYSE:PII) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 49,152 shares of the company’s stock, valued at approximately $3,364,000.

A number of other institutional investors also recently bought and sold shares of the business. Convergence Investment Partners LLC raised its holdings in shares of Polaris by 1.1% in the first quarter. Convergence Investment Partners LLC now owns 15,798 shares of the company’s stock valued at $861,000 after buying an additional 169 shares during the last quarter. Keybank National Association OH grew its holdings in shares of Polaris by 1.9% during the fourth quarter. Keybank National Association OH now owns 9,872 shares of the company’s stock worth $624,000 after buying an additional 184 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Polaris by 1.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 10,726 shares of the company’s stock valued at $678,000 after acquiring an additional 194 shares during the period. Oregon Public Employees Retirement Fund increased its position in Polaris by 2.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,211 shares of the company’s stock valued at $767,000 after acquiring an additional 273 shares during the period. Finally, Danske Bank A S raised its stake in Polaris by 150.0% during the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PII has been the subject of a number of recent research reports. Citigroup increased their price objective on Polaris from $70.00 to $73.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Weiss Ratings raised Polaris from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Robert W. Baird upped their price target on Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Bank of America reaffirmed a “neutral” rating on shares of Polaris in a report on Wednesday, July 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Polaris from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $67.00.

Polaris Trading Down 5.1%

NYSE PII opened at $61.27 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 1.20 and a debt-to-equity ratio of 2.28. The stock has a market capitalization of $3.49 billion, a P/E ratio of -13.23 and a beta of 1.27. Polaris Inc. has a 52-week low of $47.14 and a 52-week high of $77.98. The firm has a 50-day moving average price of $68.43 and a 200 day moving average price of $64.05.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $1.21. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%.The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the company earned ($1.39) EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Equities research analysts expect that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.68 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.4%. Polaris’s payout ratio is -58.75%.

About Polaris

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.