R Nichole Sumner Sells 4,750 Shares of Olin (NYSE:OLN) Stock

Olin Corporation (NYSE:OLN) VP R Nichole Sumner sold 4,750 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $22.49, for a total transaction of $106,827.50. Following the transaction, the vice president directly owned 24,771 shares in the company, valued at approximately $557,099.79. The trade was a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Olin Stock Performance

Olin stock opened at $24.88 on Friday. Olin Corporation has a 12-month low of $17.66 and a 12-month high of $28.77. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.35 and a quick ratio of 0.81. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of -65.47 and a beta of 1.64. The firm’s fifty day moving average price is $22.03 and its 200 day moving average price is $22.14.

Olin (NYSE:OLN) last posted its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported ($0.58) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.58). Olin had a negative net margin of 0.63% and a negative return on equity of 0.47%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the company posted $0.09 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. On average, research analysts forecast that Olin Corporation will post 1.38 EPS for the current fiscal year.

Olin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, November 28th. Olin’s payout ratio is -210.53%.

Wall Street Analyst Weigh In

OLN has been the subject of a number of research analyst reports. BMO Capital Markets lowered their price target on Olin from $25.00 to $24.00 and set a “market perform” rating for the company in a report on Tuesday. KeyCorp reduced their price objective on Olin from $29.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday. Mizuho set a $22.00 target price on shares of Olin in a research note on Friday, January 30th. Royal Bank Of Canada dropped their target price on shares of Olin from $24.00 to $21.00 and set a “sector perform” rating on the stock in a report on Monday. Finally, Morgan Stanley reduced their price target on shares of Olin from $20.00 to $18.00 and set an “underweight” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $22.86.

Hedge Funds Weigh In On Olin

Several hedge funds have recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Olin by 5.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 12,690,488 shares of the specialty chemicals company’s stock valued at $317,135,000 after purchasing an additional 661,730 shares during the period. State Street Corp raised its holdings in Olin by 1.1% during the 2nd quarter. State Street Corp now owns 4,830,406 shares of the specialty chemicals company’s stock worth $97,043,000 after buying an additional 50,309 shares during the period. Pzena Investment Management LLC lifted its stake in Olin by 17.5% during the fourth quarter. Pzena Investment Management LLC now owns 4,507,913 shares of the specialty chemicals company’s stock valued at $93,900,000 after buying an additional 671,250 shares in the last quarter. Yacktman Asset Management LP boosted its holdings in shares of Olin by 1.0% in the second quarter. Yacktman Asset Management LP now owns 4,060,376 shares of the specialty chemicals company’s stock worth $81,573,000 after buying an additional 40,133 shares during the period. Finally, Ilex Capital Partners UK LLP acquired a new position in shares of Olin in the second quarter worth about $50,476,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

About Olin

Olin Corporation is a diversified manufacturer specializing in chemical products and ammunition. The company’s core business activities encompass the production and distribution of chlor-alkali products, epoxy resins and derivatives, and small-caliber ammunition under the Winchester brand. Olin’s chemical operations supply chlorine, caustic soda and related co-products to a wide range of end markets, including water treatment, pulp and paper, pharmaceuticals and general industrial applications.

In its Chlor Alkali Products & Vinyls segment, Olin operates multiple manufacturing facilities that produce chlorine and sodium hydroxide, along with vinyl chloride monomer and polyvinyl chloride (PVC) compounds.