PolyOne SVP Michael E. Kahler Unloads 10,000 Shares (POL)
PolyOne (NYSE:POL) SVP Michael E. Kahler sold 10,000 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $40.66, for a total value of $406,600.00. Following the transaction, the senior vice president now directly owns 35,310 shares in the company, valued at approximately $1,435,705. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of PolyOne (NYSE:POL) traded up 0.72% during mid-day trading on Tuesday, hitting $40.74. 571,744 shares of the company’s stock traded hands. PolyOne has a 52-week low of $23.78 and a 52-week high of $42.47. The stock’s 50-day moving average is $39.32 and its 200-day moving average is $36.. The company has a market cap of $3.835 billion and a P/E ratio of 15.25.
PolyOne (NYSE:POL) last announced its earnings results on Wednesday, April 30th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.05. On average, analysts predict that PolyOne will post $1.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 2nd. Investors of record on Friday, June 13th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, June 11th.
POL has been the subject of a number of recent research reports. Analysts at KeyCorp reiterated a “buy” rating on shares of PolyOne in a research note on Monday, June 2nd. They now have a $48.00 price target on the stock, up previously from $45.00. Separately, analysts at Jefferies Group raised their price target on shares of PolyOne from $44.00 to $47.00 in a research note on Monday, June 2nd. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a buy rating, PolyOne has an average rating of “Buy” and an average price target of $43.82.
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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