Olin Corporation $OLN Shares Acquired by Inceptionr LLC

Inceptionr LLC increased its stake in shares of Olin Corporation (NYSE:OLN) by 66.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 27,509 shares of the specialty chemicals company’s stock after purchasing an additional 10,978 shares during the quarter. Inceptionr LLC’s holdings in Olin were worth $553,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vestcor Inc boosted its stake in Olin by 4.6% in the first quarter. Vestcor Inc now owns 12,630 shares of the specialty chemicals company’s stock valued at $306,000 after acquiring an additional 558 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Olin by 13.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,778 shares of the specialty chemicals company’s stock valued at $164,000 after purchasing an additional 778 shares during the period. Blue Trust Inc. grew its stake in Olin by 22.0% during the 2nd quarter. Blue Trust Inc. now owns 4,979 shares of the specialty chemicals company’s stock worth $100,000 after buying an additional 899 shares during the last quarter. HHM Wealth Advisors LLC increased its position in Olin by 30.5% during the second quarter. HHM Wealth Advisors LLC now owns 4,126 shares of the specialty chemicals company’s stock worth $83,000 after buying an additional 965 shares during the period. Finally, UMB Bank n.a. increased its position in Olin by 134.9% during the second quarter. UMB Bank n.a. now owns 1,736 shares of the specialty chemicals company’s stock worth $35,000 after buying an additional 997 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

Olin Price Performance

Shares of OLN opened at $20.81 on Friday. The company has a current ratio of 1.56, a quick ratio of 0.89 and a debt-to-equity ratio of 1.49. The stock’s 50 day moving average is $22.20 and its two-hundred day moving average is $21.67. Olin Corporation has a twelve month low of $17.66 and a twelve month high of $43.76. The firm has a market capitalization of $2.37 billion, a PE ratio of 45.23, a P/E/G ratio of 6.82 and a beta of 1.79.

Olin (NYSE:OLN) last issued its earnings results on Monday, October 27th. The specialty chemicals company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.31. Olin had a return on equity of 3.36% and a net margin of 0.79%.The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the business posted ($0.21) EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts anticipate that Olin Corporation will post 1.38 earnings per share for the current year.

Olin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. Olin’s dividend payout ratio (DPR) is 173.91%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America increased their price objective on Olin from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Truist Financial decreased their price target on shares of Olin from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Tuesday, October 28th. Fermium Researc raised shares of Olin to a “strong-buy” rating in a research report on Thursday, September 25th. Citigroup reaffirmed a “neutral” rating on shares of Olin in a report on Wednesday, October 29th. Finally, KeyCorp lowered their price target on Olin from $30.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Olin presently has a consensus rating of “Hold” and an average price target of $25.00.

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.