KBC Group NV Has $140,000 Stake in Olin Co. (NYSE:OLN)

KBC Group NV raised its stake in Olin Co. (NYSE:OLNFree Report) by 514.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,594 shares of the specialty chemicals company’s stock after buying an additional 2,172 shares during the quarter. KBC Group NV’s holdings in Olin were worth $140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Campbell & CO Investment Adviser LLC acquired a new position in Olin in the fourth quarter valued at about $3,350,000. Bank of Nova Scotia acquired a new stake in shares of Olin during the fourth quarter worth about $12,628,000. TFO Wealth Partners LLC raised its position in shares of Olin by 84,342.9% during the fourth quarter. TFO Wealth Partners LLC now owns 5,911 shares of the specialty chemicals company’s stock worth $319,000 after purchasing an additional 5,904 shares during the period. US Bancorp DE raised its position in shares of Olin by 4.5% during the fourth quarter. US Bancorp DE now owns 11,703 shares of the specialty chemicals company’s stock worth $631,000 after purchasing an additional 507 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Olin by 67.6% during the fourth quarter. Franklin Resources Inc. now owns 663,202 shares of the specialty chemicals company’s stock worth $35,780,000 after purchasing an additional 267,460 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OLN. Piper Sandler raised their price target on Olin from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Royal Bank of Canada dropped their price target on Olin from $69.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Wells Fargo & Company increased their price objective on Olin from $56.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 3rd. KeyCorp decreased their price objective on Olin from $78.00 to $73.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Finally, Citigroup increased their price objective on Olin from $63.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $60.00.

Check Out Our Latest Analysis on OLN

Olin Price Performance

Shares of OLN opened at $50.19 on Tuesday. The firm has a market capitalization of $5.99 billion, a PE ratio of 18.05, a PEG ratio of 0.29 and a beta of 1.47. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.38 and a quick ratio of 0.80. The company’s 50-day moving average is $54.49 and its 200-day moving average is $53.49. Olin Co. has a fifty-two week low of $41.71 and a fifty-two week high of $60.60.

Olin (NYSE:OLNGet Free Report) last released its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.65 billion. Olin had a return on equity of 14.47% and a net margin of 5.32%. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 EPS. Equities analysts forecast that Olin Co. will post 3.66 EPS for the current year.

Olin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 9th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.59%. The ex-dividend date is Wednesday, May 8th. Olin’s dividend payout ratio (DPR) is 28.78%.

Olin Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Olin (NYSE:OLN)

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