TIAA CREF Investment Management LLC raised its stake in shares of PolyOne Corporation (NYSE:POL) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300,898 shares of the specialty chemicals company’s stock after buying an additional 3,605 shares during the period. TIAA CREF Investment Management LLC owned about 0.37% of PolyOne Corporation worth $10,258,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of POL. Teachers Advisors LLC boosted its position in shares of PolyOne Corporation by 6.0% in the first quarter. Teachers Advisors LLC now owns 666,290 shares of the specialty chemicals company’s stock valued at $22,714,000 after buying an additional 37,677 shares in the last quarter. Advantus Capital Management Inc boosted its position in shares of PolyOne Corporation by 1.0% in the first quarter. Advantus Capital Management Inc now owns 10,520 shares of the specialty chemicals company’s stock valued at $359,000 after buying an additional 108 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of PolyOne Corporation by 0.4% in the first quarter. Principal Financial Group Inc. now owns 335,834 shares of the specialty chemicals company’s stock valued at $11,449,000 after buying an additional 1,473 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of PolyOne Corporation by 28.5% in the first quarter. OppenheimerFunds Inc. now owns 26,210 shares of the specialty chemicals company’s stock valued at $893,000 after buying an additional 5,814 shares in the last quarter. Finally, WBI Investments Inc. purchased a new position in shares of PolyOne Corporation during the first quarter valued at approximately $692,000. 95.84% of the stock is currently owned by institutional investors.
Shares of PolyOne Corporation (POL) traded up 0.38% during midday trading on Friday, hitting $36.66. 820,835 shares of the stock were exchanged. PolyOne Corporation has a 1-year low of $28.77 and a 1-year high of $40.88. The company’s market capitalization is $3.00 billion. The firm has a 50-day moving average of $37.96 and a 200-day moving average of $35.84.
PolyOne Corporation (NYSE:POL) last issued its earnings results on Tuesday, July 25th. The specialty chemicals company reported $0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. PolyOne Corporation had a positive return on equity of 25.84% and a negative net margin of 1.75%. The business had revenue of $814.10 million during the quarter, compared to the consensus estimate of $812.52 million. During the same period last year, the company earned $0.59 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts expect that PolyOne Corporation will post $2.22 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, September 14th. PolyOne Corporation’s dividend payout ratio (DPR) is presently -73.97%.
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POL has been the subject of several recent analyst reports. Zacks Investment Research cut shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Jefferies Group LLC reissued a “hold” rating and issued a $38.00 price target on shares of PolyOne Corporation in a research note on Thursday, April 6th. TheStreet raised shares of PolyOne Corporation from a “c+” rating to a “b-” rating in a research note on Monday, April 24th. Finally, BidaskClub cut shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $39.33.
PolyOne Corporation Company Profile
PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. Its segments include Color, Additives and Inks; Specialty Engineered Materials; Designed Structures and Solutions; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.
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