Olin Corporation (NYSE:OLN) Given Consensus Rating of “Hold” by Analysts

Shares of Olin Corporation (NYSE:OLNGet Free Report) have been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $24.00.

Several analysts recently weighed in on OLN shares. KeyCorp cut their price target on Olin from $30.00 to $29.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Wall Street Zen cut Olin from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. UBS Group reduced their price target on Olin from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Mizuho set a $22.00 price target on shares of Olin in a research note on Friday. Finally, BMO Capital Markets set a $25.00 price objective on shares of Olin in a research note on Friday, January 9th.

Check Out Our Latest Research Report on Olin

Insider Transactions at Olin

In related news, VP Teresa M. Vermillion sold 4,500 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $20.86, for a total transaction of $93,870.00. Following the completion of the sale, the vice president owned 17,199 shares in the company, valued at approximately $358,771.14. This represents a 20.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Olin

Institutional investors have recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Olin by 5.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 12,690,488 shares of the specialty chemicals company’s stock valued at $317,135,000 after buying an additional 661,730 shares in the last quarter. State Street Corp raised its holdings in Olin by 1.1% during the second quarter. State Street Corp now owns 4,830,406 shares of the specialty chemicals company’s stock valued at $97,043,000 after acquiring an additional 50,309 shares during the period. Yacktman Asset Management LP lifted its position in shares of Olin by 1.0% in the second quarter. Yacktman Asset Management LP now owns 4,060,376 shares of the specialty chemicals company’s stock valued at $81,573,000 after acquiring an additional 40,133 shares in the last quarter. Pzena Investment Management LLC boosted its stake in shares of Olin by 4.5% in the second quarter. Pzena Investment Management LLC now owns 3,829,021 shares of the specialty chemicals company’s stock worth $76,925,000 after acquiring an additional 166,482 shares during the period. Finally, Ilex Capital Partners UK LLP purchased a new stake in shares of Olin during the second quarter worth about $50,476,000. 88.67% of the stock is owned by institutional investors.

Olin News Roundup

Here are the key news stories impacting Olin this week:

Olin Stock Down 6.8%

NYSE OLN opened at $20.82 on Monday. Olin has a 1 year low of $17.66 and a 1 year high of $30.74. The stock has a market capitalization of $2.38 billion, a PE ratio of -54.79, a PEG ratio of 3.08 and a beta of 1.64. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.35 and a quick ratio of 0.81. The business’s 50-day moving average is $21.72 and its 200 day moving average is $22.05.

Olin (NYSE:OLNGet Free Report) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported ($0.58) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.58). Olin had a negative net margin of 0.63% and a negative return on equity of 0.47%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm earned $0.09 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year. Sell-side analysts forecast that Olin will post 1.38 earnings per share for the current year.

Olin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, November 28th. Olin’s dividend payout ratio (DPR) is presently -210.53%.

About Olin

(Get Free Report)

Olin Corporation is a diversified manufacturer specializing in chemical products and ammunition. The company’s core business activities encompass the production and distribution of chlor-alkali products, epoxy resins and derivatives, and small-caliber ammunition under the Winchester brand. Olin’s chemical operations supply chlorine, caustic soda and related co-products to a wide range of end markets, including water treatment, pulp and paper, pharmaceuticals and general industrial applications.

In its Chlor Alkali Products & Vinyls segment, Olin operates multiple manufacturing facilities that produce chlorine and sodium hydroxide, along with vinyl chloride monomer and polyvinyl chloride (PVC) compounds.

Further Reading

Analyst Recommendations for Olin (NYSE:OLN)

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