Teachers Advisors LLC increased its stake in shares of PolyOne Corporation (NYSE:POL) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 671,029 shares of the specialty chemicals company’s stock after purchasing an additional 4,739 shares during the quarter. Teachers Advisors LLC owned approximately 0.82% of PolyOne Corporation worth $25,996,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Advantus Capital Management Inc increased its position in PolyOne Corporation by 1.0% during the 1st quarter. Advantus Capital Management Inc now owns 10,520 shares of the specialty chemicals company’s stock worth $359,000 after purchasing an additional 108 shares in the last quarter. Oakbrook Investments LLC increased its position in PolyOne Corporation by 2.5% during the 2nd quarter. Oakbrook Investments LLC now owns 6,050 shares of the specialty chemicals company’s stock worth $234,000 after purchasing an additional 150 shares in the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in PolyOne Corporation by 0.5% during the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 36,761 shares of the specialty chemicals company’s stock worth $1,253,000 after purchasing an additional 200 shares in the last quarter. Texas Permanent School Fund increased its position in PolyOne Corporation by 0.3% during the 2nd quarter. Texas Permanent School Fund now owns 59,691 shares of the specialty chemicals company’s stock worth $2,312,000 after purchasing an additional 201 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in PolyOne Corporation by 2.0% during the 1st quarter. Advisors Asset Management Inc. now owns 11,830 shares of the specialty chemicals company’s stock worth $403,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

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A number of research firms recently issued reports on POL. Zacks Investment Research cut shares of PolyOne Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. BidaskClub cut shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Oppenheimer Holdings, Inc. began coverage on shares of PolyOne Corporation in a research report on Wednesday, August 16th. They set an “outperform” rating and a $43.00 price objective for the company. CIBC began coverage on shares of PolyOne Corporation in a report on Thursday, August 17th. They set an “outperform” rating and a $43.00 target price on the stock. Finally, Jefferies Group LLC reissued a “hold” rating and set a $42.00 target price on shares of PolyOne Corporation in a report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.60.

Shares of PolyOne Corporation (NYSE:POL) opened at 39.01 on Friday. PolyOne Corporation has a 12-month low of $28.77 and a 12-month high of $40.88. The firm’s 50-day moving average is $36.43 and its 200-day moving average is $36.58. The company’s market capitalization is $3.19 billion.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Thursday, September 14th. PolyOne Corporation’s dividend payout ratio (DPR) is presently -73.97%.

PolyOne Corporation 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.

Institutional Ownership by Quarter for PolyOne Corporation (NYSE:POL)

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