Olin Co. (NYSE:OLN) Director Donald W. Bogus bought 6,000 shares of Olin stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average price of $33.07 per share, with a total value of $198,420.00. Following the acquisition, the director now directly owns 83,118 shares of the company’s stock, valued at approximately $2,748,712.26. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Olin Co. (OLN) opened at $33.05 on Wednesday. The company has a market cap of $5,459.16, a price-to-earnings ratio of 38.44, a price-to-earnings-growth ratio of 1.12 and a beta of 1.36. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.78 and a quick ratio of 1.07. Olin Co. has a 12 month low of $27.79 and a 12 month high of $38.84.
Olin (NYSE:OLN) last announced its quarterly earnings results on Tuesday, February 6th. The specialty chemicals company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $2.45. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Olin had a net margin of 8.77% and a return on equity of 6.02%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 earnings per share. equities research analysts expect that Olin Co. will post 2.12 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 9th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Thursday, February 8th. Olin’s dividend payout ratio is currently 24.69%.
Several research analysts recently commented on OLN shares. Royal Bank of Canada restated a “buy” rating and set a $42.00 target price on shares of Olin in a report on Thursday, December 14th. Morgan Stanley started coverage on shares of Olin in a report on Tuesday, January 9th. They set an “overweight” rating and a $45.00 target price for the company. Vertical Research upgraded shares of Olin from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Olin from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Friday, January 12th. Finally, TheStreet upgraded shares of Olin from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Olin presently has a consensus rating of “Buy” and an average price target of $39.80.
Hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. lifted its stake in Olin by 971.4% in the fourth quarter. Bessemer Group Inc. now owns 4,725 shares of the specialty chemicals company’s stock valued at $168,000 after acquiring an additional 4,284 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Olin in the fourth quarter valued at $178,000. Naples Global Advisors LLC acquired a new stake in Olin in the fourth quarter valued at $206,000. Fox Run Management L.L.C. acquired a new stake in Olin in the fourth quarter valued at $210,000. Finally, Neuberger Berman Group LLC acquired a new stake in Olin in the third quarter valued at $216,000. Hedge funds and other institutional investors own 88.31% of the company’s stock.
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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.
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