UP!

POL $25.41

POL target price
25.41
0
0
PolyOne Corporation
Type
Public
Traded as NYSE: POL
S&P 400 Component
Industry Chemicals/Plastics
Founded 2000
Headquarters Avon Lake, Ohio
Key people
Robert M. Patterson, CEO
Products Specialty polymer materials and compounds
Revenue $3.3 billion (2016)
Number of employees
6,000 (2016)
Website http://www.polyone.com

PolyOne Corporation is a global provider of specialized polymer materials and services. PolyOne has operations in thermoplastic compounds, specialty polymer formulations, color and additive systems, thermoplastic resin distribution, and vinyl resins. In 2010, PolyOne was ranked the #1 in the “Top North American Compounders” list by Plastics News.

PolyOne is incorporated in Ohio and headquartered in Avon Lake, Ohio. They employ approximately 6,000 people and have 60 manufacturing sites and 9 distribution facilities in North America, Europe, Asia and South America. PolyOne offers more than 35,000 polymer solutions to over 10,000 customers across the globe. In 2016, they had sales of $3.3 billion, 35% of which were to customers outside the United States.

PolyOne is a provider of specialized polymer materials, services, and solutions with operations in specialty polymer formulations, color and additive systems, polymer distribution and specialty vinyl resins. They are also a highly specialized developer and manufacturer of performance-enhancing additives, liquid colorants, and fluoropolymer and silicone colorants. Headquartered in Avon Lake, Ohio, PolyOne has employees at manufacturing sites and distribution facilities in North America, South America, Europe and Asia. They provide value to customers through their ability to link their knowledge of polymers and formulation technology with their manufacturing and supply chain capabilities to provide value-added solutions to designers, assemblers, and processors of plastics (their customers).

They operate in four reportable segments: (1) Global Specialty Engineered Materials; (2) Global Color, Additives and Inks; (3) Performance Products and Solutions; and (4) PolyOne Distribution. In February 2011, they sold their 50% equity interest in SunBelt Chlor Alkali Partnership (SunBelt), which was a reportable segment in prior periods.

PolyOne was formed on August 31, 2000 from the consolidation of The Geon Company (Geon) and M.A. Hanna Company (Hanna). The merger between M.A. Hanna Company and The Geon Company in 2000 produced PolyOne Corporation, a Fortune 1000 company. Geon’s roots date back to 1927 when BFGoodrich scientist Waldo Semon produced the first usable vinyl polymer. In 1948, BFGoodrich created a vinyl plastic division that was subsequently spun off through a public offering in 1993, creating Geon, a separate publicly held company. Hanna was formed in 1885 as a privately held company and became publicly held in 1927. In the mid-1980s, Hanna began to divest its historic mining and shipping businesses to focus on polymers. Hanna purchased its first polymer company in 1986 and completed its 26th polymer company acquisition in 2000.

1885 – M.A. Hanna Company formed as a privately held company focused on mining and shipping

1927 – BF Goodrich scientist Waldo Semon produces the first usable vinyl polymer, marketed under the trade name “Geon”

1933 – Waldo Semon granted US Patent for PVC (U.S. Patent No. 1929453)

1948 – BF Goodrich creates a vinyl plastic (PVC) division

1986 – M.A. Hanna Company, now a publicly traded company, divests its mining and shipping business to focus on polymers. Hanna purchased its first polymer company this year.

1993 – BF Goodrich spun off its vinyl plastic division through a public offering, creating The Geon Company

2000 – PolyOne formed on August 31, 2000 from the merger between M.A. Hanna Company and The Geon Company

2007 – PolyOne acquires GLS Corp., a maker of high-performance custom-formulated thermoplastic elastomers (TPEs) based in McHenry, IL.

2009 – PolyOne listed as #731 on the Fortune 1000 list and included in the S&P 600 investment index

2009 – PolyOne acquires NEU (New England Urethane), a high-performance engineered thermoplastic formulator for the healthcare market, located in New Haven, CT

2010 – PolyOne wins the Process Excellence Award for World’s Best Lean Six Sigma deployment

2010 – PolyOne helps create an eco-friendly engine cover for the award-winning Ford Fusion Hybrid

2011 – PolyOne opens Innovation Center in its Avon Lake, OH headquarters to support customers with application development, testing, process optimization, and color matching

2011 – PolyOne declares quarterly stock dividend for the first time in 9 years

2011 – PolyOne boosts its presence in South America by acquiring Uniplen Industria de Polimeros Ltda. and Polimaster, both based in Brazil

2011 - PolyOne completed the acquisition of all of the outstanding equity of ColorMatrix for $486.1 million net of cash acquired on a debt-free basis.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2020 2022-11-14 Future report Set alerts
Q2 2020 2022-09-08 0.00 0.00
Q1 2020 2020-04-21 0.48 0.38
Q4 2019 2020-01-28 0.34 0.08
Q3 2019 2019-10-22 0.44 0.30
Q2 2019 2019-07-25 0.74 0.29
Q1 2019 2019-04-17 0.64 0.29
Q4 2018 2019-01-29 0.41 -0.02
Q3 2018 2018-10-24 0.62 0.40

Ratings

2016-07-06 Reiterated Rating Jefferies Group Hold
2016-06-30 Upgrade Wellington Shields Hold to Gradually Accumulate
2016-06-13 Reiterated Rating Jefferies Group Hold $37.00 to $40.00
2016-04-27 Upgrade Seaport Global Securities Accumulate to Buy $37.00 to $41.00
2016-04-18 Upgrade Seaport Global Securities Neutral to Accumulate $29.00 to $37.00
2016-04-12 Boost Price Target Goldman Sachs $32.00 to $33.00
2016-04-12 Boost Price Target Goldman Sachs Group Inc. $32.00 to $33.00
2016-04-04 Boost Price Target KeyBanc Overweight $34.00 to $37.00
2016-04-04 Boost Price Target KeyCorp Overweight $34.00 to $37.00
2016-02-16 Downgrade Jefferies Buy to Hold $47.00 to $26.00
2016-02-16 Downgrade Jefferies Group Buy to Hold $47.00 to $26.00
2016-02-04 Lower Price Target Robert W. Baird Outperform $38.00 to $33.00
2016-02-04 Downgrade Wellington Shields Buy to Hold
2016-02-04 Downgrade Northcoast Research Buy to Neutral
2016-01-25 Downgrade Wellington Shields Buy to Accumulate
2016-01-13 Lower Price Target Seaport Global Securities $37.00 to $31.00
2016-01-03 Reiterated Rating KeyBanc Buy
2015-12-28 Reiterated Rating KeyBanc Buy $42.00
2015-11-20 Downgrade Seaport Global Securities Accumulate to Neutral $37.00 to $39.00
2015-10-28 Reiterated Rating Robert W. Baird Outperform $39.00 to $38.00
2015-08-24 Reiterated Rating Robert W. Baird Buy $39.00
2015-08-17 Upgrade Goldman Sachs Neutral to Buy $41.00
2015-07-28 Lower Price Target KeyBanc Overweight $48.00 to $44.00
2015-07-28 Downgrade Longbow Research Buy to Neutral
2015-07-28 Downgrade Global Hunter Securities Buy to Accumulate $49.00 to $41.00
2015-07-28 Downgrade Seaport Global Securities Buy to Accumulate $49.00 to $41.00
2015-06-04 Initiated Coverage Global Hunter Securities Buy $49.00
2015-06-04 Initiated Coverage Seaport Global Securities Buy $49.00
2015-05-04 Boost Price Target Robert W. Baird Buy $42.00 to $44.00
2015-01-30 Upgrade Robert W. Baird Neutral to Outperform $40.00 to $42.00
2014-12-22 Initiated Coverage SunTrust Buy $43.00
2014-12-22 Initiated Coverage SunTrust Banks Inc. Buy $43.00
2014-11-10 Initiated Coverage Robert W. Baird Neutral $40.00
2014-10-27 Reiterated Rating KeyBanc Buy $52.00 to $48.00
2014-09-22 Upgrade First Analysis Equal Weight to Overweight $45.00
2014-07-24 Downgrade Goldman Sachs Buy to Neutral
2014-07-16 Reiterated Rating KeyBanc Buy $48.00 to $52.00
2014-06-02 Reiterated Rating KeyBanc Buy $45.00 to $48.00
2014-06-02 Boost Price Target Jefferies Group Buy $44.00 to $47.00
2014-04-09 Boost Price Target KeyBanc $42.00 to $45.00
2014-04-04 Boost Price Target Northcoast Research $46.00
2014-01-15 Initiated Coverage Goldman Sachs Buy $44.00 to $34.27
2013-12-09 Upgrade Wells Fargo & Co. Market Perform to Outperform
2013-12-09 Upgrade Wells Fargo Market Perform to Outperform
2013-10-28 Boost Price Target Jefferies Group Buy $35.00 to $37.00
2013-10-16 Boost Price Target Jefferies Group Buy $34.00 to $35.00
2011-10-11 Reiterated Longbow Buy $19 to $16
2010-10-18 Reiterated Longbow Buy $13 to $15
2010-03-23 Downgrade KeyBanc Capital Mkts Buy to Hold
2009-09-14 Upgrade BB&T Capital Mkts Hold to Buy
2009-08-18 Reiterated KeyBanc Capital Mkts Buy $5 to $8
2009-05-14 Initiated BB&T Capital Mkts Hold
2008-12-04 Downgrade KeyBanc Capital Mkts Hold to Underweight $1.75
2007-04-02 Upgrade KeyBanc Capital Mkts / McDonald Underweight to Hold
2016-07-06 Reiterated Rating Jefferies Group Hold
2016-06-30 Upgrade Wellington Shields Hold to Gradually Accumulate
2016-06-13 Reiterated Rating Jefferies Group Hold $37.00 to $40.00
2016-04-27 Upgrade Seaport Global Securities Accumulate to Buy $37.00 to $41.00
2016-04-18 Upgrade Seaport Global Securities Neutral to Accumulate $29.00 to $37.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Patterson Robert M EVP & Chief Operating Officer 0.28%  (257545) POL /
NEWLIN STEPHEN D Chairman, President & CEO 0.26%  (239224) BKH / OSK / POL /
ROSENAU ROBERT M SVP, President of PP&S 0.16%  (145407) POL /
HARNETT GORDON D 0.11%  (104000) AYI / NPO / POL /
FEARON RICHARD H 0.10%  (89883) ETN / POL /
SMITH KENNETH M Sr VP, CIO & CHRO 0.09%  (80374) POL /
LORRAINE RICHARD A 0.07%  (65313) POL /
Diemer Richard J JR SVP, and CFO 0.07%  (63882) POL /
Kunkle Lisa K. SVP Gnrl Counsel & Secretary 0.07%  (62561) POL /
Powell William Howard 0.06%  (52218) FMC / GVA / POL /
Schuering Kurt C SVP, President of Distribution 0.05%  (42171) POL /
Kahler Michael E SVP, Chief Commercial Officer 0.04%  (32563) POL /
RICHARDSON BRADLEY C EVP & Chief Financial Officer 0.03%  (32262) BRC / DBD / POL / TROX /
Kedrowski Thomas J EVP, Glbl Ops & Process Imprv 0.03%  (31669) POL /
CARTWRIGHT CAROL A 0.03%  (30538) FE / POL /
Crist Mark D SVP, President of Distribution 0.03%  (27185) POL /
Wulfsohn William A 0.03%  (24792) ASH / CRS / POL / VVV /
Goff Gregory James 0.03%  (23793) POL / TLLP / TSO /
LIN SANDRA BEACH 0.02%  (18447) AEP / POL / WCC /
WALTERS FARAH M 0.02%  (17803) CE / POL /
McAlindon Julie A. SVP, President Designed 0.02%  (17033) POL /
Nikrant Craig M SVP, President of Global SEM 0.02%  (16131) POL /
Jellison William R 0.02%  (14478) POL / SYK /
Preete Kerry J 0.01%  (13444) MON / POL /
Garratt Michael A SVP, President of PP&S 0.01%  (10771) POL /