Share on StockTwits

PolyOne Corp. (NYSE:POL) CEO Stephen D. Newlin unloaded 66,194 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $36.05, for a total value of $2,386,293.70. Following the completion of the sale, the chief executive officer now directly owns 228,972 shares of the company’s stock, valued at approximately $8,254,441. The transaction was disclosed in a filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on POL shares. Analysts at Goldman Sachs initiated coverage on shares of PolyOne Corp. in a research note on Wednesday, January 15th. They set a “buy” rating and a $34.27 price target on the stock. Analysts at Wells Fargo & Co. upgraded shares of PolyOne Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, December 9th.

Shares of PolyOne Corp. (NYSE:POL) traded up 0.08% during mid-day trading on Wednesday, hitting $36.10. 715,587 shares of the company’s stock traded hands. PolyOne Corp. has a 1-year low of $20.96 and a 1-year high of $36.35. The stock’s 50-day moving average is $34.87 and its 200-day moving average is $31.61. The company has a market cap of $3.455 billion and a P/E ratio of 14.30.

PolyOne Corp. (NYSE:POL) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $924.00 million for the quarter, compared to the consensus estimate of $892.00 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 41.9% on a year-over-year basis. On average, analysts predict that PolyOne Corp. will post $1.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Wednesday, March 12th.

PolyOne Corporation (NYSE:POL) is a provider of specialized polymer materials, services and solutions with operations in specialty polymer formulations, color and additive systems, polymer distribution and specialty vinyl resins.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.