Keeley Teton Advisors LLC Reduces Holdings in Olin Co. (NYSE:OLN)

Keeley Teton Advisors LLC decreased its holdings in Olin Co. (NYSE:OLN) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 123,910 shares of the specialty chemicals company’s stock after selling 25,585 shares during the period. Keeley Teton Advisors LLC’s holdings in Olin were worth $4,188,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in Olin by 45.8% during the fourth quarter. Covestor Ltd now owns 1,334 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 419 shares during the period. Spire Wealth Management raised its position in shares of Olin by 246.8% during the 4th quarter. Spire Wealth Management now owns 1,616 shares of the specialty chemicals company’s stock valued at $55,000 after buying an additional 1,150 shares during the period. CoreFirst Bank & Trust acquired a new position in Olin in the fourth quarter valued at approximately $66,000. Jones Financial Companies Lllp grew its position in Olin by 59.9% in the fourth quarter. Jones Financial Companies Lllp now owns 2,431 shares of the specialty chemicals company’s stock worth $82,000 after acquiring an additional 911 shares during the period. Finally, Blue Trust Inc. increased its stake in Olin by 34.3% during the fourth quarter. Blue Trust Inc. now owns 2,887 shares of the specialty chemicals company’s stock worth $98,000 after acquiring an additional 738 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Olin Trading Up 2.2 %

NYSE OLN opened at $20.87 on Tuesday. The firm’s fifty day moving average price is $24.63 and its 200 day moving average price is $34.01. Olin Co. has a 12 month low of $17.66 and a 12 month high of $57.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 0.77. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 23.19 and a beta of 1.50.

Olin (NYSE:OLN) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.10. Olin had a net margin of 1.66% and a return on equity of 5.10%. On average, sell-side analysts expect that Olin Co. will post 1.38 earnings per share for the current fiscal year.

Olin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, March 6th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.80 dividend on an annualized basis and a yield of 3.83%. Olin’s dividend payout ratio (DPR) is 88.89%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup cut their price objective on Olin from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. Barclays decreased their price objective on shares of Olin from $34.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. UBS Group cut their price objective on Olin from $34.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Wells Fargo & Company decreased their price target on shares of Olin from $25.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Finally, Morgan Stanley reduced their price objective on Olin from $31.00 to $28.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Olin has an average rating of “Hold” and an average target price of $34.63.

Insider Transactions at Olin

In related news, CEO Kenneth Todd Lane bought 7,250 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of $28.06 per share, for a total transaction of $203,435.00. Following the transaction, the chief executive officer now owns 7,250 shares of the company’s stock, valued at approximately $203,435. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

About Olin

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.