Olin Co. (NYSE:OLN) Receives $51.86 Consensus PT from Analysts

Shares of Olin Co. (NYSE:OLN) have received a consensus rating of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $51.86.

A number of research analysts have issued reports on OLN shares. BMO Capital Markets reduced their target price on shares of Olin from $50.00 to $47.00 and set a “market perform” rating for the company in a research note on Tuesday, October 29th. Barclays reduced their target price on shares of Olin from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Mizuho started coverage on shares of Olin in a research note on Thursday, August 8th. They set a “neutral” rating and a $45.00 target price for the company. Piper Sandler reduced their price target on shares of Olin from $57.00 to $51.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Olin from $57.00 to $48.00 and set a “hold” rating for the company in a research note on Monday, July 29th.

Olin Trading Down 0.3 %

NYSE OLN opened at $44.16 on Friday. Olin has a one year low of $39.47 and a one year high of $60.60. The company has a 50-day simple moving average of $44.48 and a 200-day simple moving average of $47.24. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.82 and a current ratio of 1.40. The firm has a market capitalization of $5.15 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 1.79 and a beta of 1.43.

Olin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 14th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, November 14th. Olin’s dividend payout ratio is 64.52%.

Institutional Trading of Olin

Large investors have recently modified their holdings of the company. Pzena Investment Management LLC raised its stake in Olin by 24.8% during the 3rd quarter. Pzena Investment Management LLC now owns 3,452,708 shares of the specialty chemicals company’s stock valued at $165,661,000 after purchasing an additional 685,710 shares during the last quarter. Commerce Bank raised its stake in Olin by 48.0% during the 3rd quarter. Commerce Bank now owns 18,069 shares of the specialty chemicals company’s stock valued at $867,000 after purchasing an additional 5,863 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in Olin during the 3rd quarter valued at $916,000. Empowered Funds LLC raised its stake in Olin by 126.9% during the 3rd quarter. Empowered Funds LLC now owns 20,498 shares of the specialty chemicals company’s stock valued at $983,000 after purchasing an additional 11,466 shares during the last quarter. Finally, Connable Office Inc. raised its stake in Olin by 22.9% during the 3rd quarter. Connable Office Inc. now owns 5,680 shares of the specialty chemicals company’s stock valued at $273,000 after purchasing an additional 1,057 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

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.