Raymond James Financial Inc. Trims Stock Position in Polaris Inc. $PII

Key Points

• Raymond James Financial Inc. has reduced its holdings in Polaris Inc. by 31.2%, owning 260,080 shares valued at approximately $10.6 million after selling 117,838 shares.
• Polaris Inc. reported earnings of $0.40 EPS for the latest quarter, significantly surpassing analysts' expectations of $0.05, despite a 5.5% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.67 per share, resulting in an annualized yield of 4.7%, although it currently has a negative payout ratio.

Raymond James Financial Inc. trimmed its stake in Polaris Inc. (NYSE:PII - Free Report) by 31.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 260,080 shares of the company's stock after selling 117,838 shares during the quarter. Raymond James Financial Inc. owned about 0.46% of Polaris worth $10,648,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Fifth Third Bancorp grew its stake in shares of Polaris by 46.9% in the 1st quarter. Fifth Third Bancorp now owns 996 shares of the company's stock valued at $41,000 after buying an additional 318 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in Polaris by 5.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 7,984 shares of the company's stock worth $327,000 after acquiring an additional 379 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Polaris by 2.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,234 shares of the company's stock valued at $583,000 after acquiring an additional 396 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Polaris by 0.4% during the first quarter. Principal Financial Group Inc. now owns 120,572 shares of the company's stock valued at $4,936,000 after acquiring an additional 423 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Polaris by 114.1% in the 1st quarter. UMB Bank n.a. now owns 805 shares of the company's stock worth $33,000 after purchasing an additional 429 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Performance

PII stock traded up $0.19 during mid-day trading on Thursday, hitting $57.41. The company had a trading volume of 208,191 shares, compared to its average volume of 1,690,186. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $86.51. The stock's fifty day moving average price is $51.49 and its two-hundred day moving average price is $43.67. The firm has a market cap of $3.23 billion, a PE ratio of -30.58 and a beta of 1.08. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 1.04.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.35. The company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.73 billion. Polaris had a negative net margin of 1.57% and a positive return on equity of 5.16%. Polaris's revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 EPS. Polaris has set its Q3 2025 guidance at EPS. On average, analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Tuesday, September 2nd. Polaris's payout ratio is presently -142.55%.

Wall Street Analyst Weigh In

A number of analysts have commented on PII shares. Citigroup restated a "sell" rating and set a $27.00 price target (up previously from $23.00) on shares of Polaris in a research note on Monday, June 16th. BMO Capital Markets reissued a "market perform" rating and set a $52.00 target price (up from $33.00) on shares of Polaris in a research report on Wednesday, July 30th. Wall Street Zen upgraded shares of Polaris from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Robert W. Baird lifted their price target on Polaris from $46.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their price objective on Polaris from $34.00 to $56.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $48.33.

Polaris Profile

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.