Olin Co. (NYSE:OLN) Receives Consensus Rating of “Hold” from Analysts

Shares of Olin Co. (NYSE:OLN) have earned a consensus rating of “Hold” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $51.86.

OLN has been the subject of several research analyst reports. Mizuho initiated coverage on Olin in a report on Thursday, August 8th. They issued a “neutral” rating and a $45.00 price objective for the company. KeyCorp lowered their target price on Olin from $57.00 to $56.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. BMO Capital Markets cut their price objective on Olin from $50.00 to $47.00 and set a “market perform” rating for the company in a report on Tuesday, October 29th. Royal Bank of Canada decreased their target price on shares of Olin from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Finally, Barclays cut their price objective on Olin from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th.

Insider Activity

In other news, VP R Nichole Sumner sold 10,500 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 30.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Olin

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Advisors LLC bought a new stake in Olin during the first quarter worth $360,000. EverSource Wealth Advisors LLC increased its stake in shares of Olin by 4,375.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 537 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 525 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Olin by 1,364.4% in the 2nd quarter. Mather Group LLC. now owns 1,274 shares of the specialty chemicals company’s stock worth $60,000 after purchasing an additional 1,187 shares during the period. CWM LLC lifted its stake in Olin by 277.8% in the second quarter. CWM LLC now owns 7,344 shares of the specialty chemicals company’s stock valued at $346,000 after purchasing an additional 5,400 shares during the last quarter. Finally, OLD National Bancorp IN grew its holdings in Olin by 4.2% during the second quarter. OLD National Bancorp IN now owns 6,343 shares of the specialty chemicals company’s stock valued at $299,000 after purchasing an additional 253 shares during the period. 88.67% of the stock is owned by institutional investors.

Olin Price Performance

Shares of NYSE:OLN opened at $42.40 on Wednesday. The company has a market cap of $4.94 billion, a PE ratio of 34.19, a P/E/G ratio of 1.76 and a beta of 1.43. The firm has a 50-day simple moving average of $44.32 and a 200 day simple moving average of $45.77. The company has a quick ratio of 0.82, a current ratio of 1.40 and a debt-to-equity ratio of 1.32. Olin has a fifty-two week low of $39.47 and a fifty-two week high of $60.60.

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 issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, November 14th. Olin’s dividend payout ratio (DPR) is currently 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.