ING Groep NV bought a new stake in PolyOne Corporation (NYSE:POL) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,946 shares of the specialty chemicals company’s stock, valued at approximately $385,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in PolyOne Corporation by 57.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,746 shares of the specialty chemicals company’s stock valued at $128,000 after buying an additional 1,370 shares in the last quarter. Victory Capital Management Inc. increased its stake in PolyOne Corporation by 46.3% in the first quarter. Victory Capital Management Inc. now owns 4,223 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 1,336 shares in the last quarter. Creative Planning increased its stake in PolyOne Corporation by 22.7% in the first quarter. Creative Planning now owns 4,520 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 836 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in PolyOne Corporation by 76.8% in the first quarter. Envestnet Asset Management Inc. now owns 4,895 shares of the specialty chemicals company’s stock valued at $167,000 after buying an additional 2,126 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in PolyOne Corporation during the first quarter valued at about $190,000. Hedge funds and other institutional investors own 95.72% of the company’s stock.

PolyOne Corporation (POL) remained flat at $36.06 during mid-day trading on Tuesday. 90,778 shares of the stock traded hands. The company’s 50-day moving average is $37.87 and its 200 day moving average is $35.94. The firm’s market cap is $2.95 billion. PolyOne Corporation has a 52-week low of $28.77 and a 52-week high of $40.88.

PolyOne Corporation (NYSE:POL) last announced its quarterly earnings results on Tuesday, July 25th. The specialty chemicals company reported $0.63 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. The business had revenue of $814.10 million for the quarter, compared to analysts’ expectations of $812.52 million. During the same quarter last year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that PolyOne Corporation will post $2.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be given a $0.135 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.54 annualized dividend and a yield of 1.50%. PolyOne Corporation’s payout ratio is -73.97%.

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Several analysts have issued reports on the company. Zacks Investment Research raised PolyOne Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, May 3rd. BidaskClub downgraded PolyOne Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, TheStreet raised PolyOne Corporation from a “c+” rating to a “b-” rating in a research note on Monday, April 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average 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. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; 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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Institutional Ownership by Quarter for PolyOne Corporation (NYSE:POL)

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