Shares of Olin Co. (NYSE:OLN) have been given an average rating of “Buy” by the thirteen brokerages that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $38.00.

A number of research analysts have commented on OLN shares. Cowen reaffirmed an “outperform” rating and set a $42.00 price target (up previously from $39.00) on shares of Olin in a research report on Tuesday, October 10th. Zacks Investment Research raised Olin from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Citigroup started coverage on Olin in a research report on Wednesday, September 27th. They set a “buy” rating and a $39.00 price target for the company. TheStreet raised Olin from a “c+” rating to a “b” rating in a research report on Tuesday, October 31st. Finally, Vertical Research raised Olin from a “hold” rating to a “buy” rating in a research report on Wednesday.

Olin (NYSE OLN) traded up $0.32 on Friday, reaching $37.73. The company’s stock had a trading volume of 1,576,000 shares, compared to its average volume of 1,725,033. The company has a market cap of $6,226.78, a price-to-earnings ratio of 83.84, a price-to-earnings-growth ratio of 1.17 and a beta of 1.39. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.72 and a quick ratio of 1.03. Olin has a fifty-two week low of $25.60 and a fifty-two week high of $38.08.

Olin (NYSE:OLN) last released its quarterly earnings results on Monday, October 30th. The specialty chemicals company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. Olin had a net margin of 1.29% and a return on equity of 6.05%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. analysts anticipate that Olin will post 0.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.12%. Olin’s dividend payout ratio (DPR) is 177.78%.

In other Olin news, Chairman John E. Fischer sold 37,583 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $36.80, for a total transaction of $1,383,054.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Dolores J. Ennico sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $36.80, for a total value of $552,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 75,083 shares of company stock worth $2,741,284 in the last quarter. Company insiders own 2.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of OLN. Acrospire Investment Management LLC grew its stake in shares of Olin by 238.5% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,400 shares of the specialty chemicals company’s stock worth $133,000 after buying an additional 3,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Olin by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,126 shares of the specialty chemicals company’s stock worth $185,000 after buying an additional 544 shares during the last quarter. Frontier Wealth Management LLC purchased a new stake in shares of Olin in the 2nd quarter worth approximately $200,000. Neuberger Berman Group LLC purchased a new stake in shares of Olin in the 3rd quarter worth approximately $216,000. Finally, Heartland Advisors Inc. purchased a new stake in shares of Olin in the 3rd quarter worth approximately $217,000. Institutional investors own 89.68% of the company’s stock.

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About Olin

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.

Analyst Recommendations for Olin (NYSE:OLN)

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