Olin Co. (NYSE:OLN) Receives $51.86 Consensus Target Price from Brokerages

Olin Co. (NYSE:OLN) has received a consensus recommendation of “Hold” from the fourteen research firms that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $51.86.

Several brokerages have commented on OLN. Mizuho began coverage on Olin in a research note on Thursday, August 8th. They set a “neutral” rating and a $45.00 target price for the company. The Goldman Sachs Group lowered their target price on Olin from $55.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. BMO Capital Markets lowered their target price on Olin from $50.00 to $47.00 and set a “market perform” rating for the company in a research note on Tuesday, October 29th. Barclays lowered their price objective on Olin from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. raised Olin from a “neutral” rating to an “overweight” rating and set a $55.00 price objective for the company in a research note on Monday, July 29th.

Olin Stock Down 0.3 %

Shares of NYSE OLN opened at $42.89 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.82 and a debt-to-equity ratio of 1.32. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 1.74 and a beta of 1.43. Olin has a 12 month low of $39.47 and a 12 month high of $60.60. The stock has a 50-day moving average price of $44.51 and a two-hundred day moving average price of $47.11.

Olin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, November 14th. Olin’s payout ratio is presently 64.52%.

Insider Activity at Olin

In related news, VP R Nichole Sumner sold 10,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $43.75, for a total value of $459,375.00. Following the sale, the vice president now directly owns 24,056 shares in the company, valued at $1,052,450. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Olin

A number of institutional investors and hedge funds have recently modified their holdings of OLN. Pzena Investment Management LLC boosted its holdings in shares of Olin by 24.8% during the 3rd quarter. Pzena Investment Management LLC now owns 3,452,708 shares of the specialty chemicals company’s stock worth $165,661,000 after buying an additional 685,710 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Olin by 429.8% during the 2nd quarter. AQR Capital Management LLC now owns 610,153 shares of the specialty chemicals company’s stock worth $28,769,000 after buying an additional 494,976 shares in the last quarter. Boston Partners boosted its holdings in shares of Olin by 7.7% during the 1st quarter. Boston Partners now owns 5,414,265 shares of the specialty chemicals company’s stock worth $317,897,000 after buying an additional 384,888 shares in the last quarter. Lodge Hill Capital LLC boosted its holdings in shares of Olin by 78.9% during the 1st quarter. Lodge Hill Capital LLC now owns 510,000 shares of the specialty chemicals company’s stock worth $29,988,000 after buying an additional 225,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Olin by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,741,007 shares of the specialty chemicals company’s stock worth $176,396,000 after buying an additional 194,755 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

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.