Olin Co. (NYSE:OLN) Receives Consensus Recommendation of “Hold” from Brokerages

Olin Co. (NYSE:OLN) has been given a consensus rating of “Hold” by the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $51.86.

A number of analysts recently weighed in on OLN shares. Mizuho started coverage on shares of Olin in a research report on Thursday, August 8th. They set a “neutral” rating and a $45.00 price target for the company. Barclays decreased their price target on shares of Olin from $49.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. upgraded shares of Olin from a “neutral” rating to an “overweight” rating and set a $55.00 price objective on the stock in a report on Monday, July 29th. KeyCorp cut their price objective on shares of Olin from $57.00 to $56.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Finally, Wells Fargo & Company cut their price objective on shares of Olin from $48.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th.

Insider Activity

In related news, VP R Nichole Sumner sold 10,500 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $43.75, for a total transaction of $459,375.00. Following the completion of the sale, the vice president now owns 24,056 shares of the company’s stock, valued at $1,052,450. This represents a 30.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Olin

Institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its position in shares of Olin by 344.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 40,760 shares of the specialty chemicals company’s stock valued at $1,922,000 after buying an additional 31,587 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Olin by 1,220.6% during the 2nd quarter. SG Americas Securities LLC now owns 50,050 shares of the specialty chemicals company’s stock valued at $2,360,000 after buying an additional 46,260 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Olin by 4.8% during the 1st quarter. Clearbridge Investments LLC now owns 777,658 shares of the specialty chemicals company’s stock valued at $45,726,000 after buying an additional 35,637 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Olin during the 1st quarter valued at about $28,000. Finally, Seven Eight Capital LP grew its position in shares of Olin by 111.4% during the 1st quarter. Seven Eight Capital LP now owns 20,416 shares of the specialty chemicals company’s stock valued at $1,200,000 after buying an additional 10,760 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Olin Stock Down 1.1 %

Shares of Olin stock opened at $41.37 on Friday. The company has a fifty day moving average price of $44.50 and a 200 day moving average price of $47.04. The company has a current ratio of 1.40, a quick ratio of 0.82 and a debt-to-equity ratio of 1.32. Olin has a twelve month low of $39.47 and a twelve month high of $60.60. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 1.74 and a beta of 1.43.

Olin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be paid a $0.20 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.93%. Olin’s dividend payout ratio (DPR) is presently 64.52%.

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.