Barrow Hanley Mewhinney & Strauss LLC reduced its position in shares of PolyOne Corporation (NYSE:POL) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,924,753 shares of the specialty chemicals company’s stock after selling 70,578 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 2.38% of PolyOne worth $77,047,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Alliancebernstein L.P. boosted its holdings in shares of PolyOne by 3.1% during the 2nd quarter. Alliancebernstein L.P. now owns 3,090,961 shares of the specialty chemicals company’s stock worth $119,744,000 after buying an additional 92,253 shares during the period. State Street Corp boosted its holdings in shares of PolyOne by 3.2% during the 2nd quarter. State Street Corp now owns 2,778,681 shares of the specialty chemicals company’s stock worth $107,643,000 after buying an additional 86,473 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of PolyOne by 11.8% during the 3rd quarter. Wells Fargo & Company MN now owns 2,343,438 shares of the specialty chemicals company’s stock worth $93,808,000 after buying an additional 246,918 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of PolyOne by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,099,348 shares of the specialty chemicals company’s stock worth $84,039,000 after buying an additional 30,766 shares during the period. Finally, Channing Capital Management LLC boosted its holdings in shares of PolyOne by 0.9% during the 3rd quarter. Channing Capital Management LLC now owns 2,023,226 shares of the specialty chemicals company’s stock worth $80,990,000 after buying an additional 17,745 shares during the period. 93.80% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on POL shares. Robert W. Baird reiterated a “buy” rating and set a $42.00 target price on shares of PolyOne in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of PolyOne from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. KeyCorp set a $47.00 target price on shares of PolyOne and gave the company a “buy” rating in a research note on Thursday, October 26th. Jefferies Group reiterated a “hold” rating and set a $42.00 target price on shares of PolyOne in a research note on Thursday, October 19th. Finally, SunTrust Banks reiterated a “buy” rating and set a $42.00 target price on shares of PolyOne in a research note on Friday, October 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $43.17.

PolyOne Corporation (NYSE POL) opened at $44.22 on Friday. The company has a market cap of $3,574.36, a price-to-earnings ratio of 20.29, a P/E/G ratio of 2.04 and a beta of 1.83. PolyOne Corporation has a one year low of $31.68 and a one year high of $46.79. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.38 and a current ratio of 1.96.

PolyOne (NYSE:POL) last released its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $818.50 million during the quarter, compared to analysts’ expectations of $789.32 million. PolyOne had a negative net margin of 1.87% and a positive return on equity of 27.77%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. equities analysts predict that PolyOne Corporation will post 2.19 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 15th will be paid a $0.175 dividend. This is a boost from PolyOne’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.58%. PolyOne’s dividend payout ratio is currently -92.10%.

WARNING: This piece was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.watchlistnews.com/polyone-corporation-pol-position-lessened-by-barrow-hanley-mewhinney-strauss-llc/1769791.html.

About PolyOne

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 (NYSE:POL)

Receive News & Ratings for PolyOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PolyOne and related companies with MarketBeat.com's FREE daily email newsletter.