M&T Bank Corp Buys 32,234 Shares of Polaris Inc. $PII

Key Points

• M&T Bank Corp boosted its stake in Polaris by 498.4% in Q4, buying 32,234 shares to hold 38,702 shares worth about $2.45 million, while institutional ownership stands at roughly 88.06% with other large funds also increasing positions.
• Company insiders have been net sellers, offloading 50,419 shares in the last 90 days — including CEO Michael T. Speetzen's sale of 35,086 shares (a ~20% reduction in his holding); insiders now own 2.40% of the stock.
• Polaris beat quarterly EPS estimates with $0.13 (vs. -$0.42 expected), set FY2026 guidance of $1.60–$1.70, and raised its quarterly dividend to $0.68 (annualized yield ~4.5%).

M&T Bank Corp lifted its stake in Polaris Inc. (NYSE:PII - Free Report) by 498.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,702 shares of the company's stock after buying an additional 32,234 shares during the period. M&T Bank Corp owned approximately 0.07% of Polaris worth $2,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. State Street Corp lifted its stake in Polaris by 15.7% during the second quarter. State Street Corp now owns 3,137,866 shares of the company's stock worth $127,554,000 after purchasing an additional 426,482 shares during the last quarter. AQR Capital Management LLC lifted its stake in Polaris by 30.1% during the third quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company's stock worth $132,600,000 after purchasing an additional 528,300 shares during the last quarter. American Century Companies Inc. lifted its stake in Polaris by 24.2% during the third quarter. American Century Companies Inc. now owns 1,450,670 shares of the company's stock worth $84,328,000 after purchasing an additional 282,570 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Polaris by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,344,231 shares of the company's stock worth $78,145,000 after purchasing an additional 7,054 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Polaris by 6.3% during the second quarter. Invesco Ltd. now owns 959,255 shares of the company's stock worth $38,994,000 after purchasing an additional 56,504 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company assumed coverage on Polaris in a research note on Wednesday, March 11th. They set an "equal weight" rating and a $52.00 target price for the company. Roth Mkm restated a "neutral" rating on shares of Polaris in a research note on Wednesday, January 28th. Royal Bank Of Canada cut their target price on Polaris to $67.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 27th. Weiss Ratings cut Polaris from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, February 17th. Finally, Seaport Research Partners upgraded Polaris to a "strong-buy" rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Polaris has a consensus rating of "Hold" and a consensus target price of $63.11.

Insider Activity

In other news, CEO Michael T. Speetzen sold 35,086 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $66.83, for a total value of $2,344,797.38. Following the completion of the transaction, the chief executive officer directly owned 136,362 shares in the company, valued at approximately $9,113,072.46. This represents a 20.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Benjamin D. Duke sold 10,090 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $66.82, for a total value of $674,213.80. Following the completion of the transaction, the insider owned 30,242 shares of the company's stock, valued at $2,020,770.44. The trade was a 25.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 50,419 shares of company stock worth $3,371,183. Insiders own 2.40% of the company's stock.

Polaris Stock Up 1.8%

Shares of PII opened at $61.11 on Tuesday. Polaris Inc. has a 52 week low of $31.56 and a 52 week high of $75.25. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of -7.47 and a beta of 1.17. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.35 and a current ratio of 0.98. The stock has a fifty day moving average of $56.81 and a 200-day moving average of $63.32.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of ($0.42) by $0.55. Polaris had a negative return on equity of 0.05% and a negative net margin of 6.51%.During the same period in the previous year, the business posted ($0.90) earnings per share. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, sell-side analysts anticipate that Polaris Inc. will post 1.72 earnings per share for the current fiscal year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, March 2nd. This is a positive change from Polaris's previous quarterly dividend of $0.67. Polaris's dividend payout ratio is currently -33.25%.

Polaris 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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