Olin Corporation (NYSE:OLN) EVP John L. Mcintosh sold 24,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $31.54, for a total value of $756,960.00. Following the sale, the executive vice president now owns 84,391 shares of the company’s stock, valued at $2,661,692.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Olin Corporation (OLN) traded down 1.39% during midday trading on Tuesday, reaching $30.48. The company had a trading volume of 130,711 shares. Olin Corporation has a 52 week low of $18.24 and a 52 week high of $33.88. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 118.60 and a beta of 1.43. The firm has a 50-day moving average price of $30.14 and a 200-day moving average price of $30.57.

Olin Corporation (NYSE:OLN) last issued its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.15. Olin Corporation had a return on equity of 5.80% and a net margin of 0.72%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company posted $0.24 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts expect that Olin Corporation will post $1.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.57%. Olin Corporation’s payout ratio is presently 320.00%.

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A number of large investors have recently modified their holdings of OLN. Bollard Group LLC raised its stake in shares of Olin Corporation by 0.6% in the first quarter. Bollard Group LLC now owns 3,180 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 19 shares during the last quarter. World Asset Management Inc raised its stake in shares of Olin Corporation by 1.7% in the first quarter. World Asset Management Inc now owns 10,125 shares of the specialty chemicals company’s stock worth $333,000 after buying an additional 168 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of Olin Corporation by 0.5% in the first quarter. OppenheimerFunds Inc. now owns 44,497 shares of the specialty chemicals company’s stock worth $1,462,000 after buying an additional 201 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Olin Corporation by 6.9% in the first quarter. Meadow Creek Investment Management LLC now owns 4,464 shares of the specialty chemicals company’s stock worth $147,000 after buying an additional 288 shares during the last quarter. Finally, Neuburgh Advisers LLC raised its stake in shares of Olin Corporation by 6.9% in the first quarter. Neuburgh Advisers LLC now owns 6,138 shares of the specialty chemicals company’s stock worth $202,000 after buying an additional 396 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

Several analysts recently weighed in on OLN shares. BidaskClub downgraded Olin Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Cowen and Company set a $39.00 target price on Olin Corporation and gave the stock a “buy” rating in a report on Friday, July 28th. UBS AG reissued a “neutral” rating and issued a $30.00 price target (down previously from $33.00) on shares of Olin Corporation in a research note on Sunday, June 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $35.00 price target on shares of Olin Corporation in a research note on Tuesday, June 20th. Finally, Tudor Pickering started coverage on Olin Corporation in a research note on Friday, May 12th. They set a “buy” rating and a $37.00 target price for the company. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $32.75.

Olin Corporation Company Profile

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

Insider Buying and Selling by Quarter for Olin Corporation (NYSE:OLN)

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