Olin Co. (NYSE:OLN) Given Average Rating of “Hold” by Brokerages

Shares of Olin Co. (NYSE:OLN) have been given an average recommendation of “Hold” by the fifteen research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $53.27.

Several equities research analysts have issued reports on the company. UBS Group cut their target price on Olin from $59.00 to $51.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Wells Fargo & Company cut their target price on Olin from $50.00 to $48.00 and set an “equal weight” rating for the company in a research note on Monday, July 29th. Barclays cut their target price on Olin from $59.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft cut their target price on Olin from $57.00 to $48.00 and set a “hold” rating for the company in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. raised Olin from a “neutral” rating to an “overweight” rating and set a $55.00 target price for the company in a research note on Monday, July 29th.

Olin Stock Performance

Shares of Olin stock opened at $43.67 on Monday. Olin has a one year low of $40.26 and a one year high of $60.60. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.92 and a beta of 1.44. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.82 and a current ratio of 1.43. The business’s 50 day moving average price is $45.17 and its 200 day moving average price is $51.16.

Olin (NYSE:OLN) last announced its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.08). The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Olin had a return on equity of 11.73% and a net margin of 4.26%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 EPS. On average, research analysts predict that Olin will post 1.61 EPS for the current year.

Olin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 8th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.80 annualized dividend and a yield of 1.83%. Olin’s payout ratio is 28.78%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Partners grew its stake in Olin by 122.8% during the 4th quarter. Boston Partners now owns 5,029,377 shares of the specialty chemicals company’s stock worth $271,152,000 after purchasing an additional 2,772,274 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Olin by 34.6% during the 4th quarter. BNP Paribas Financial Markets now owns 188,973 shares of the specialty chemicals company’s stock worth $10,195,000 after buying an additional 48,625 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Olin by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,635,983 shares of the specialty chemicals company’s stock worth $196,167,000 after buying an additional 126,587 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Olin during the 4th quarter worth about $3,350,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in Olin by 344.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 40,760 shares of the specialty chemicals company’s stock worth $1,922,000 after buying an additional 31,587 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.