PolyOne Corp. CEO Unloads $1,492,664 in Stock (POL)
PolyOne Corp. (NYSE:POL) CEO Stephen D. Newlin unloaded 41,268 shares of the company’s stock on the open market in a transaction dated Friday, February 21st. The stock was sold at an average price of $36.17, for a total transaction of $1,492,663.56. Following the transaction, the chief executive officer now directly owns 187,704 shares in the company, valued at approximately $6,789,254. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of PolyOne Corp. (NYSE:POL) traded down 0.22% during mid-day trading on Friday, hitting $36.21. 563,041 shares of the company’s stock traded hands. PolyOne Corp. has a one year low of $20.96 and a one year high of $36.49. The stock’s 50-day moving average is $34.94 and its 200-day moving average is $31.70. The company has a market cap of $3.431 billion and a price-to-earnings ratio of 14.39.
PolyOne Corp. (NYSE:POL) last announced its earnings results on Wednesday, January 29th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.21 earnings per share. PolyOne Corp.’s revenue was up 41.9% compared to the same quarter last year. Analysts expect that PolyOne Corp. will post $1.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 4th. Shareholders 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 0.88%. The ex-dividend date of this dividend is Wednesday, March 12th.
A number of analysts have recently weighed in on POL shares. Analysts at Jefferson Research upgraded shares of PolyOne Corp. from a “hold” rating to a “buy” rating in a research note on Friday. Separately, 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. Finally, 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.
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.