Cwm LLC Trims Holdings in Olin Co. (NYSE:OLN)

Cwm LLC trimmed its holdings in shares of Olin Co. (NYSE:OLN) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,960 shares of the specialty chemicals company’s stock after selling 233 shares during the quarter. Cwm LLC’s holdings in Olin were worth $106,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OLN. Ritholtz Wealth Management lifted its holdings in Olin by 1.5% during the 4th quarter. Ritholtz Wealth Management now owns 16,389 shares of the specialty chemicals company’s stock valued at $884,000 after buying an additional 238 shares in the last quarter. Covestor Ltd increased its position in shares of Olin by 76.7% during the third quarter. Covestor Ltd now owns 659 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 286 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Olin by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 58,430 shares of the specialty chemicals company’s stock valued at $2,920,000 after acquiring an additional 297 shares in the last quarter. Baystate Wealth Management LLC boosted its holdings in shares of Olin by 154.6% in the third quarter. Baystate Wealth Management LLC now owns 494 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 300 shares during the period. Finally, Sandy Spring Bank grew its stake in Olin by 145.6% in the fourth quarter. Sandy Spring Bank now owns 614 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 364 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Olin

In other news, CEO Scott Mcdougald Sutton sold 15,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $52.50, for a total value of $787,500.00. Following the sale, the chief executive officer now owns 75,327 shares in the company, valued at $3,954,667.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 78,896 shares of company stock worth $4,136,061 over the last three months. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OLN shares. The Goldman Sachs Group upped their target price on Olin from $55.00 to $61.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Citigroup increased their target price on shares of Olin from $63.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Bank of America lowered their price target on shares of Olin from $74.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Royal Bank of Canada lowered their target price on Olin from $69.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Finally, Wells Fargo & Company lifted their price target on Olin from $56.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, April 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Olin currently has a consensus rating of “Hold” and a consensus target price of $60.00.

Olin Trading Up 2.0 %

NYSE:OLN opened at $54.68 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 0.80 and a debt-to-equity ratio of 1.22. The firm has a fifty day simple moving average of $55.76 and a 200-day simple moving average of $51.89. The company has a market capitalization of $6.53 billion, a P/E ratio of 19.67, a PEG ratio of 0.31 and a beta of 1.48. Olin Co. has a 12 month low of $41.71 and a 12 month high of $60.60.

Olin (NYSE:OLN) last released its earnings results on Friday, April 26th. The specialty chemicals company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Olin had a return on equity of 14.47% and a net margin of 5.32%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. The company’s revenue was down 11.3% compared to the same quarter last year. On average, equities research analysts anticipate that Olin Co. will post 3.68 earnings per share for the current year.

Olin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 9th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.46%. Olin’s dividend payout ratio (DPR) is presently 28.78%.

Olin 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.