Fifth Third Bancorp Buys 397 Shares of Polaris Inc. $PII

Fifth Third Bancorp raised its stake in shares of Polaris Inc. (NYSE:PII) by 39.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,393 shares of the company’s stock after acquiring an additional 397 shares during the quarter. Fifth Third Bancorp’s holdings in Polaris were worth $57,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PII. RWWM Inc. boosted its stake in Polaris by 169.2% in the 1st quarter. RWWM Inc. now owns 2,395,049 shares of the company’s stock worth $98,053,000 after purchasing an additional 1,505,351 shares in the last quarter. Select Equity Group L.P. boosted its stake in Polaris by 142.1% in the 1st quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company’s stock worth $66,346,000 after purchasing an additional 951,195 shares in the last quarter. American Century Companies Inc. boosted its stake in Polaris by 7.2% in the 1st quarter. American Century Companies Inc. now owns 1,067,476 shares of the company’s stock worth $43,702,000 after purchasing an additional 71,604 shares in the last quarter. Invesco Ltd. boosted its stake in Polaris by 352.5% in the 1st quarter. Invesco Ltd. now owns 902,751 shares of the company’s stock worth $36,959,000 after purchasing an additional 703,240 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Polaris by 341.5% in the 1st quarter. Millennium Management LLC now owns 604,674 shares of the company’s stock worth $24,755,000 after purchasing an additional 467,704 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PII has been the topic of several research analyst reports. Robert W. Baird boosted 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. Wall Street Zen upgraded shares of Polaris from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $52.00 price objective (up from $33.00) on shares of Polaris in a report on Wednesday, July 30th. Royal Bank Of Canada upped their price objective on shares of Polaris from $34.00 to $56.00 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Finally, Zacks Research downgraded shares of Polaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $51.92.

Polaris Stock Performance

NYSE:PII opened at $62.67 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1.17. The company has a market cap of $3.52 billion, a P/E ratio of -33.33 and a beta of 1.08. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $84.08. The firm’s 50 day moving average is $56.28 and its two-hundred day moving average is $45.63.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.35. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%.The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the business posted $1.38 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. Polaris has set its Q3 2025 guidance at EPS. Analysts expect that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, September 2nd. Polaris’s dividend payout ratio (DPR) is presently -142.55%.

About Polaris

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.