Olin Co. (NYSE:OLN) Receives $59.33 Average Price Target from Analysts

Shares of Olin Co. (NYSE:OLN) have been assigned an average recommendation of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $59.33.

OLN has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on Olin from $56.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 3rd. Stifel Nicolaus upped their price objective on Olin from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Citigroup upped their price objective on Olin from $63.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Barclays upped their price objective on Olin from $57.00 to $59.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Finally, Royal Bank of Canada upped their price objective on Olin from $64.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, April 19th.

Olin Stock Performance

Shares of OLN opened at $52.81 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.73 and a current ratio of 1.29. The stock has a 50 day moving average price of $55.61 and a two-hundred day moving average price of $51.59. The firm has a market capitalization of $6.32 billion, a P/E ratio of 14.92, a P/E/G ratio of 0.29 and a beta of 1.44. Olin has a 52 week low of $41.71 and a 52 week high of $60.60.

Olin (NYSE:OLN) last issued its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. Olin had a return on equity of 18.44% and a net margin of 6.74%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.50 billion. Equities analysts forecast that Olin will post 3.75 earnings per share for the current fiscal year.

Olin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, March 7th were issued a $0.20 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.51%. Olin’s payout ratio is currently 22.60%.

Insider Transactions at Olin

In other news, CEO Scott Mcdougald Sutton sold 48,896 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $52.39, for a total value of $2,561,661.44. Following the transaction, the chief executive officer now owns 90,327 shares of the company’s stock, valued at $4,732,231.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Brett A. Flaugher sold 15,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $52.46, for a total value of $786,900.00. Following the transaction, the vice president now owns 8,782 shares of the company’s stock, valued at $460,703.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Scott Mcdougald Sutton sold 48,896 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $52.39, for a total value of $2,561,661.44. Following the completion of the transaction, the chief executive officer now directly owns 90,327 shares in the company, valued at approximately $4,732,231.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 753,274 shares of company stock valued at $40,434,124. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in Olin by 30.0% in the first quarter. Fifth Third Bancorp now owns 858 shares of the specialty chemicals company’s stock valued at $50,000 after acquiring an additional 198 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Olin by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 34,600 shares of the specialty chemicals company’s stock valued at $2,034,000 after acquiring an additional 200 shares during the last quarter. Ritholtz Wealth Management increased its stake in Olin by 1.5% in the fourth quarter. Ritholtz Wealth Management now owns 16,389 shares of the specialty chemicals company’s stock valued at $884,000 after acquiring an additional 238 shares during the last quarter. Financial Advocates Investment Management increased its stake in Olin by 5.5% in the fourth quarter. Financial Advocates Investment Management now owns 5,086 shares of the specialty chemicals company’s stock valued at $274,000 after acquiring an additional 266 shares during the last quarter. Finally, Covestor Ltd increased its stake in Olin by 76.7% in the third quarter. Covestor Ltd now owns 659 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 286 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.