Boston Family Office LLC cut its stake in shares of PolyOne Corporation (NYSE:POL) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,206 shares of the specialty chemicals company’s stock after selling 688 shares during the period. Boston Family Office LLC’s holdings in PolyOne Corporation were worth $744,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of POL. BlackRock Inc. increased its position in shares of PolyOne Corporation by 13,264.4% in the first quarter. BlackRock Inc. now owns 9,786,179 shares of the specialty chemicals company’s stock valued at $333,610,000 after buying an additional 9,712,953 shares during the period. Vanguard Group Inc. increased its position in shares of PolyOne Corporation by 4.4% in the first quarter. Vanguard Group Inc. now owns 7,030,120 shares of the specialty chemicals company’s stock valued at $239,657,000 after buying an additional 295,988 shares during the period. State Street Corp increased its position in shares of PolyOne Corporation by 4.0% in the first quarter. State Street Corp now owns 2,692,208 shares of the specialty chemicals company’s stock valued at $91,775,000 after buying an additional 102,797 shares during the period. Channing Capital Management LLC increased its position in shares of PolyOne Corporation by 11.5% in the first quarter. Channing Capital Management LLC now owns 2,182,877 shares of the specialty chemicals company’s stock valued at $74,414,000 after buying an additional 225,911 shares during the period. Finally, TimesSquare Capital Management LLC increased its position in shares of PolyOne Corporation by 5.6% in the first quarter. TimesSquare Capital Management LLC now owns 2,150,899 shares of the specialty chemicals company’s stock valued at $73,324,000 after buying an additional 114,415 shares during the period. Institutional investors own 97.03% of the company’s stock.

Shares of PolyOne Corporation (POL) opened at 36.43 on Monday. The stock’s market capitalization is $2.98 billion. PolyOne Corporation has a 52 week low of $28.77 and a 52 week high of $40.88. The stock’s 50 day moving average is $37.27 and its 200 day moving average is $36.19.

PolyOne Corporation (NYSE:POL) last released 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 negative net margin of 1.75% and a positive return on equity of 25.84%. The company had revenue of $814.10 million during the quarter, compared to the consensus estimate of $812.52 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that PolyOne Corporation will post $2.21 EPS for the current fiscal 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 given a $0.135 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.54 dividend on an annualized basis and a yield of 1.48%. PolyOne Corporation’s payout ratio is -73.97%.

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Several research analysts have weighed in on POL shares. Zacks Investment Research upgraded PolyOne Corporation from a “sell” rating to a “hold” rating in a report on Friday. BidaskClub upgraded PolyOne Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 14th. CIBC started coverage on PolyOne Corporation in a report on Thursday. They issued an “outperform” rating and a $43.00 price target for the company. TheStreet upgraded PolyOne Corporation from a “c+” rating to a “b-” rating in a report on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. started coverage on PolyOne Corporation in a report on Wednesday, August 16th. They issued an “outperform” rating and a $43.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $40.80.

About PolyOne Corporation

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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