Tocqueville Asset Management L.P. lowered its stake in PolyOne Co. (NYSE:POL) by 19.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,000 shares of the specialty chemicals company’s stock after selling 38,250 shares during the quarter. Tocqueville Asset Management L.P. owned about 0.21% of PolyOne worth $4,960,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investors Research Corp acquired a new position in shares of PolyOne in the 2nd quarter valued at about $25,000. Crossmark Global Holdings Inc. bought a new stake in PolyOne in the 2nd quarter valued at $203,000. HM Capital Management LLC bought a new stake in PolyOne in the 2nd quarter valued at $210,000. Sciencast Management LP bought a new stake in PolyOne in the 1st quarter valued at $223,000. Finally, Pearl River Capital LLC bought a new stake in PolyOne in the 1st quarter valued at $236,000. 93.06% of the stock is owned by institutional investors.

Shares of POL stock traded down $1.13 during trading hours on Wednesday, hitting $30.19. The company had a trading volume of 7,768 shares, compared to its average volume of 614,021. The business’s fifty day moving average is $30.99. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 2.53. PolyOne Co. has a fifty-two week low of $24.47 and a fifty-two week high of $45.34. The firm has a market capitalization of $2.41 billion, a PE ratio of 12.40, a PEG ratio of 1.27 and a beta of 1.73.

PolyOne (NYSE:POL) last released its earnings results on Thursday, July 25th. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. The company had revenue of $903.80 million for the quarter, compared to analyst estimates of $933.34 million. PolyOne had a net margin of 4.03% and a return on equity of 33.07%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. Equities research analysts expect that PolyOne Co. will post 2.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Thursday, September 12th. PolyOne’s dividend payout ratio is presently 32.10%.

POL has been the subject of several recent research reports. Robert W. Baird upgraded PolyOne from a “neutral” rating to an “outperform” rating and upped their target price for the company from $30.00 to $36.00 in a research report on Monday, July 22nd. TheStreet raised PolyOne from a “c+” rating to a “b-” rating in a research report on Thursday, July 25th. SunTrust Banks raised PolyOne from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Friday, May 31st. Northcoast Research raised PolyOne from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Thursday, April 18th. Finally, Buckingham Research dropped their price objective on PolyOne from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.86.

PolyOne Company Profile

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions.

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Institutional Ownership by Quarter for PolyOne (NYSE:POL)

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