Hm Payson Co buys $18,431,298 stake in Polaris Industries (PII)

Polaris Industries (PII) : Hm Payson Co scooped up 4,529 additional shares in Polaris Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 194,300 shares of Polaris Industries which is valued at $18,431,298.Polaris Industries makes up approximately 0.89% of Hm Payson Co’s portfolio.

Other Hedge Funds, Including , Oppenheimer Co Inc boosted its stake in PII in the latest quarter, The investment management firm added 347 additional shares and now holds a total of 3,877 shares of Polaris Industries which is valued at $367,772. Polaris Industries makes up approx 0.01% of Oppenheimer Co Inc’s portfolio.Brown Capital Management boosted its stake in PII in the latest quarter, The investment management firm added 319 additional shares and now holds a total of 44,313 shares of Polaris Industries which is valued at $4,221,256. Polaris Industries makes up approx 0.06% of Brown Capital Management’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in PII in the latest quarter, The investment management firm added 12,582 additional shares and now holds a total of 90,261 shares of Polaris Industries which is valued at $8,598,263. Polaris Industries makes up approx 0.03% of State Board Of Administration Of Florida Retirement System’s portfolio.Mizuho Trust Banking Ltd. reduced its stake in PII by selling 753 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 100,650 shares of PII which is valued at $9,468,146. Polaris Industries makes up approx 0.03% of Mizuho Trust Banking Ltd.’s portfolio. Jensen Investment Management Inc sold out all of its stake in PII during the most recent quarter. The investment firm sold 4,450 shares of PII which is valued $425,732.

Polaris Industries opened for trading at $95.15 and hit $98.73 on the upside on Monday, eventually ending the session at $98.66, with a gain of 4.03% or 3.82 points. The heightened volatility saw the trading volume jump to 12,25,408 shares. Company has a market cap of $6,323 M.

On the company’s financial health, Polaris Industries reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.05. The company had revenue of $1130.80 million for the quarter, compared to analysts expectations of $1100.47 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS.

Investors should note that on Jul 20, 2016, Polaris Industries announced a cash dividend of $0.5500. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on Polaris Industries. Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 88 from a previous price target of $84 .Polaris Industries was Downgraded by Raymond James to ” Mkt Perform” on Jul 12, 2016. Shares were Reiterated by RBC Capital Mkts on Jul 1, 2016 to “Sector Perform” and Lowered the Price Target to $ 84 from a previous price target of $97 .

Polaris Industries Inc. (Polaris) designs engineers and manufactures off-road vehicles (ORV) including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use snowmobiles motorcycles and small vehicles (SV). These products are sold through dealers and distributors located in the United States Canada and Europe. The Company’s ORVs include core ATVs and RANGER and RZR side-by-side vehicles. The Company produces a range of snowmobiles consisting of 32 models ranging from youth models to utility and economy models to performance and competition models. Polaris’ Motorcycles division consists of Victory Indian motorcycles and three-wheel roadster motorcycle Slingshot. The Company offer products in the light-duty hauling people mover and urban/suburban commuting sub-sectors of the small vehicles industry. The Company produces or supplies a range of replacement parts and accessories for its product lines.

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