HM Capital Management LLC continued to hold its position in PolyOne Corp. (NYSE:POL) during the second quarter, Holdings Channel reports. The firm owned 6,688 shares of the company’s stock at the end of the second quarter. HM Capital Management LLC’s holdings in PolyOne Corp. were worth $236,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in POL. Wellington Management Group LLP boosted its stake in shares of PolyOne Corp. by 340.8% in the first quarter. Wellington Management Group LLP now owns 3,205,940 shares of the company’s stock worth $96,979,000 after buying an additional 2,478,711 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of PolyOne Corp. by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,488,877 shares of the company’s stock worth $75,289,000 after buying an additional 16,885 shares during the period. Geode Capital Management LLC boosted its stake in shares of PolyOne Corp. by 2.3% in the first quarter. Geode Capital Management LLC now owns 569,424 shares of the company’s stock worth $17,224,000 after buying an additional 12,906 shares during the period. Prudential Financial Inc. boosted its stake in shares of PolyOne Corp. by 310.7% in the first quarter. Prudential Financial Inc. now owns 432,119 shares of the company’s stock worth $13,072,000 after buying an additional 326,916 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of PolyOne Corp. by 0.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 137,564 shares of the company’s stock worth $4,161,000 after buying an additional 1,106 shares during the period. 92.48% of the stock is owned by institutional investors and hedge funds.
Shares of PolyOne Corp. (NYSE:POL) traded down 1.28% during trading on Tuesday, hitting $30.73. The stock had a trading volume of 937,640 shares. PolyOne Corp. has a one year low of $22.35 and a one year high of $38.41. The firm has a market cap of $2.58 billion, a P/E ratio of 19.39 and a beta of 1.41. The firm’s 50-day moving average is $32.84 and its 200-day moving average is $34.70.
PolyOne Corp. (NYSE:POL) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The business earned $861.50 million during the quarter, compared to the consensus estimate of $879.38 million. PolyOne Corp. had a return on equity of 25.34% and a net margin of 4.11%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.57 earnings per share. Equities research analysts forecast that PolyOne Corp. will post $2.17 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Friday, December 16th will be paid a $0.1325 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 1.72%. This is an increase from PolyOne Corp.’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, December 14th. PolyOne Corp.’s dividend payout ratio (DPR) is 30.19%.
A number of analysts recently issued reports on the company. Jefferies Group decreased their target price on PolyOne Corp. from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, October 12th. Zacks Investment Research cut PolyOne Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Goldman Sachs Group Inc. cut PolyOne Corp. from a “buy” rating to a “neutral” rating and decreased their target price for the company from $42.00 to $38.00 in a research report on Wednesday, July 27th. Finally, Wellington Shields raised PolyOne Corp. from a “hold” rating to a “gradually accumulate” rating in a research note on Thursday, June 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.33.
PolyOne Corp. Company Profile
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