Shares of Olin Corporation (NYSE:OLN – Get Free Report) have been assigned a consensus rating of “Hold” from the seventeen research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $27.7857.
A number of equities research analysts have recently issued reports on the company. Mizuho boosted their price objective on Olin from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, March 31st. The Goldman Sachs Group increased their price objective on Olin from $22.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wall Street Zen raised shares of Olin from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Wells Fargo & Company reiterated an “overweight” rating and issued a $37.00 price objective on shares of Olin in a research note on Sunday, May 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $26.00 price objective on shares of Olin in a report on Tuesday, February 10th.
Read Our Latest Stock Report on Olin
Insider Transactions at Olin
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of OLN. Strategic Advocates LLC acquired a new stake in shares of Olin during the 3rd quarter worth approximately $25,000. Rockefeller Capital Management L.P. raised its holdings in shares of Olin by 115.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,231 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 659 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Olin during the 1st quarter worth $32,000. Bessemer Group Inc. raised its holdings in shares of Olin by 712.7% during the 3rd quarter. Bessemer Group Inc. now owns 1,341 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 1,176 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Olin by 114.0% during the 3rd quarter. Allworth Financial LP now owns 1,740 shares of the specialty chemicals company’s stock worth $43,000 after buying an additional 927 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.
Olin Stock Performance
Shares of NYSE OLN opened at $26.78 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. Olin has a 12 month low of $18.08 and a 12 month high of $30.46. The stock has a 50 day moving average of $27.15 and a 200-day moving average of $23.85. The company has a market capitalization of $3.05 billion, a P/E ratio of -23.91 and a beta of 1.21.
Olin Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 14th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.0%. Olin’s payout ratio is currently -71.43%.
Olin Company Profile
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.
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