Olin Co. (NYSE:OLN) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its holdings in Olin Co. (NYSE:OLNGet Rating) by 14.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,171 shares of the specialty chemicals company’s stock after selling 682 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Olin were worth $179,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OLN. Price T Rowe Associates Inc. MD grew its stake in shares of Olin by 0.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 42,285 shares of the specialty chemicals company’s stock valued at $1,957,000 after buying an additional 216 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in shares of Olin by 5.8% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 4,714 shares of the specialty chemicals company’s stock valued at $246,000 after buying an additional 259 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Olin by 7.2% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,377 shares of the specialty chemicals company’s stock valued at $203,000 after buying an additional 294 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Olin by 0.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 39,247 shares of the specialty chemicals company’s stock valued at $1,816,000 after buying an additional 311 shares during the period. Finally, Credit Suisse AG grew its stake in shares of Olin by 0.3% during the 2nd quarter. Credit Suisse AG now owns 117,917 shares of the specialty chemicals company’s stock valued at $5,458,000 after buying an additional 335 shares during the period. 85.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com initiated coverage on shares of Olin in a research note on Wednesday, October 12th. They set a “buy” rating for the company. The Goldman Sachs Group initiated coverage on shares of Olin in a research report on Thursday, October 13th. They set a “buy” rating and a $56.00 price target for the company. KeyCorp upped their price target on shares of Olin from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, October 28th. UBS Group upped their price target on shares of Olin from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, January 11th. Finally, Piper Sandler decreased their price target on shares of Olin from $68.00 to $64.00 and set an “overweight” rating for the company in a research report on Monday, October 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.73.

Insider Buying and Selling

In related news, COO James A. Varilek sold 50,000 shares of the stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $56.56, for a total transaction of $2,828,000.00. Following the sale, the chief operating officer now owns 17,761 shares in the company, valued at $1,004,562.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.00% of the stock is owned by company insiders.

Olin Stock Performance

Shares of Olin stock opened at $56.39 on Monday. The firm has a market cap of $7.72 billion, a PE ratio of 6.06, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. The firm’s 50-day simple moving average is $55.16 and its 200-day simple moving average is $52.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 1.41. Olin Co. has a 1 year low of $41.33 and a 1 year high of $67.25.

Olin (NYSE:OLNGet Rating) last issued its earnings results on Wednesday, October 26th. The specialty chemicals company reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.32. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.38 billion. Olin had a net margin of 14.62% and a return on equity of 56.96%. Equities analysts forecast that Olin Co. will post 8.84 earnings per share for the current fiscal year.

Olin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Thursday, November 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.42%. Olin’s dividend payout ratio (DPR) is presently 8.59%.

Olin Profile

(Get Rating)

Olin Corp. engages in manufacturing of chemicals products. It operates through the following 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.

Featured Articles

Want to see what other hedge funds are holding OLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Olin Co. (NYSE:OLNGet Rating).

Institutional Ownership by Quarter for Olin (NYSE:OLN)

Receive News & Ratings for Olin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Olin and related companies with MarketBeat.com's FREE daily email newsletter.