Securian Asset Management Inc. Has $558,000 Position in Olin Co. (NYSE:OLN)

Securian Asset Management Inc. decreased its position in shares of Olin Co. (NYSE:OLN) by 2.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,342 shares of the specialty chemicals company’s stock after selling 268 shares during the quarter. Securian Asset Management Inc.’s holdings in Olin were worth $558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Covestor Ltd increased its position in 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. Sandy Spring Bank raised its position in shares of Olin by 145.6% in the fourth quarter. Sandy Spring Bank now owns 614 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 364 shares in the last quarter. Motco bought a new stake in shares of Olin in the third quarter valued at approximately $40,000. ORG Partners LLC acquired a new stake in Olin during the third quarter worth approximately $44,000. Finally, GAMMA Investing LLC bought a new position in Olin during the 4th quarter worth $96,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insiders Place Their Bets

In related news, VP Brett A. Flaugher sold 15,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $52.46, for a total transaction of $786,900.00. Following the sale, the vice president now owns 8,782 shares in the company, valued at approximately $460,703.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Olin news, CEO Scott Mcdougald Sutton sold 48,896 shares of Olin 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 sale, the chief executive officer now directly 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. Also, VP Brett A. Flaugher sold 15,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $52.46, for a total transaction of $786,900.00. Following the transaction, the vice president now directly owns 8,782 shares in the company, valued at approximately $460,703.72. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Olin Stock Down 2.5 %

Shares of OLN opened at $54.44 on Thursday. The stock’s 50-day moving average price is $55.88 and its two-hundred day moving average price is $52.81. Olin Co. has a 12 month low of $41.71 and a 12 month high of $60.60. The company has a market capitalization of $6.50 billion, a PE ratio of 19.58, a PEG ratio of 0.32 and a beta of 1.48. The company has a current ratio of 1.38, a quick ratio of 0.80 and a debt-to-equity ratio of 1.22.

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

Olin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 9th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.47%. Olin’s dividend payout ratio (DPR) is currently 28.78%.

Analysts Set New Price Targets

OLN has been the subject of a number of recent analyst reports. Royal Bank of Canada cut their target price on Olin from $69.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. UBS Group increased their price objective on shares of Olin from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Bank of America cut their price target on shares of Olin from $74.00 to $72.00 and set a “buy” rating for the company in a report on Monday, April 29th. Piper Sandler boosted their price objective on shares of Olin from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Finally, Stifel Nicolaus boosted their price target on Olin from $68.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.00.

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.