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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.

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