PolyOne Corp. CEO Unloads $2,386,294 in Stock (POL)
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.
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