Olin Corp. (NYSE:OLN) VP Stephen Curley unloaded 6,500 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $26.51, for a total transaction of $172,315.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Olin Corp. (NYSE:OLN) traded up 1.40% on Thursday, hitting $26.72. The stock had a trading volume of 714,209 shares. Olin Corp. has a 52-week low of $20.97 and a 52-week high of $27.46. The stock has a 50-day moving average of $23.82 and a 200-day moving average of $23.77. The company has a market cap of $2.126 billion and a P/E ratio of 11.31.
Olin Corp. (NYSE:OLN) last announced its earnings results on Tuesday, October 29th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.19. The company had revenue of $670.70 million for the quarter, compared to the consensus estimate of $679.10 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, analysts predict that Olin Corp. will post $2.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Thursday, November 7th.
A number of analysts have recently weighed in on OLN shares. Analysts at Susquehanna cut their price target on shares of Olin Corp. from $27.00 to $24.00 in a research note to investors on Thursday, October 31st. They now have a “neutral” rating on the stock. Separately, analysts at UBS AG cut their price target on shares of Olin Corp. from $25.00 to $23.00 in a research note to investors on Wednesday, October 30th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks downgraded shares of Olin Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 22nd. They now have a $21.60 price target on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $24.02.
Olin Corporation is a manufacturer focused in three business segments: Chlor Alkali Products, Chemical Distribution and Winchester.
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