Polaris Industries Inc/mn (PII) Files Form 4 Insider Buying : Kevin M Farr Buys 2,100 Shares

Polaris Industries Inc/mn (PII): Kevin M Farr , director of Polaris Industries Inc/mn purchased 2,100 shares on May 23, 2016. The Insider buying transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were purchased at $83.15 per share for a total value of $174,612.69 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, David C. Longren (President-ORV) sold 21,108 shares at $99.00 per share price.On Feb 1, 2016, Lawrence D Kingsley (director) purchased 6,925 shares at $72.00 per share price.Also, On Dec 3, 2015, Kenneth Pucel (EVP, Global Ops, Eng, & Lean) sold 20,000 shares at $105.71 per share price.On Nov 19, 2015, Todd M Balan (V.P. Corporate Development) sold 91 shares at $104.61 per share price.

Polaris Industries: On Friday, May 20, 2016 heightened volatility was witnessed in Polaris Industries which led to swings in the share price. The shares opened for trading at $82.81 and hit $83.97 on the upside , eventually ending the session at $83.88, with a gain of 1.18% or 0.98 points. The heightened volatility saw the trading volume jump to 8,48,899 shares. The 52-week high of the share price is $156.35 and the company has a market cap of $5,421 M . The 52-week low of the share price is at $67.8.

Polaris Industries Money Flow Index Chart

On Apr 28, 2016, Polaris Industries announced a cash dividend of $0.5500. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 15, 2016.

Company has been under the radar of several Street Analysts.Polaris Industries is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 97 from a previous price target of $93 .The Rating was issued on Apr 22, 2016.Polaris Industries is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 14, 2016.Polaris Industries is Initiated by Lake Street to Buy and the brokerage firm has set the Price Target at $121. The Rating was issued on Mar 15, 2016.Polaris Industries is Initiated by Sterne Agee CRT to Neutral. The Rating was issued on Mar 1, 2016.

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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