Bank of New York Mellon Corp Purchases Shares of 639,691 Polaris Inc. $PII

Bank of New York Mellon Corp bought a new stake in Polaris Inc. (NYSE:PII - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 639,691 shares of the company's stock, valued at approximately $43,780,000. Bank of New York Mellon Corp owned about 1.12% of Polaris at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new stake in Polaris in the 4th quarter valued at $27,000. Danske Bank A S lifted its stake in shares of Polaris by 150.0% during the fourth quarter. Danske Bank A S now owns 500 shares of the company's stock worth $32,000 after purchasing an additional 300 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake in shares of Polaris by 471.0% during the second quarter. Elevation Wealth Partners LLC now owns 571 shares of the company's stock worth $39,000 after purchasing an additional 471 shares in the last quarter. Bard Associates Inc. acquired a new position in shares of Polaris during the fourth quarter worth approximately $46,000. Finally, Hilton Head Capital Partners LLC bought a new position in Polaris in the 4th quarter worth approximately $52,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Trading Up 0.2%

NYSE PII opened at $63.90 on Friday. Polaris Inc. has a 1-year low of $47.14 and a 1-year high of $77.98. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $3.64 billion, a PE ratio of -13.80 and a beta of 1.26. The firm's fifty day simple moving average is $68.81 and its 200-day simple moving average is $64.14.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $0.76 by $1.21. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm earned ($1.39) earnings per share. The company's revenue for the quarter was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, sell-side analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The company also recently announced 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 yield of 4.3%. Polaris's dividend payout ratio (DPR) is presently -58.75%.

Wall Street Analysts Forecast Growth

PII has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Polaris from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, July 29th. Roth Capital reissued a "neutral" rating on shares of Polaris in a report on Wednesday, July 29th. Wells Fargo & Company upped their target price on Polaris from $65.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 29th. Royal Bank Of Canada increased their price target on Polaris from $65.00 to $75.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 29th. Finally, Citigroup lifted their price target on Polaris from $70.00 to $73.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $67.00.

Polaris Company Profile

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.

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