Olin Co. (NYSE:OLN) Receives $56.27 Consensus PT from Analysts

Shares of Olin Co. (NYSE:OLN) have earned an average recommendation of “Hold” from the fourteen research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $56.27.

Several equities analysts have recently commented on OLN shares. UBS Group upped their price objective on shares of Olin from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Olin in a report on Thursday, December 7th. They issued a “hold” rating and a $52.00 target price on the stock. KeyCorp lifted their price target on shares of Olin from $61.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 9th. Barclays raised their price objective on shares of Olin from $49.00 to $57.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Finally, Stifel Nicolaus raised their price objective on shares of Olin from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, January 29th.

Insiders Place Their Bets

In related news, VP Valerie A. Peters sold 71,800 shares of Olin stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $52.52, for a total transaction of $3,770,936.00. Following the sale, the vice president now directly owns 19,469 shares in the company, valued at $1,022,511.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Todd A. Slater sold 63,250 shares of Olin stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $54.15, for a total transaction of $3,424,987.50. Following the completion of the sale, the chief financial officer now directly owns 137,517 shares in the company, valued at approximately $7,446,545.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Valerie A. Peters sold 71,800 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $52.52, for a total value of $3,770,936.00. Following the completion of the sale, the vice president now owns 19,469 shares of the company’s stock, valued at $1,022,511.88. The disclosure for this sale can be found here. Insiders sold a total of 753,274 shares of company stock valued at $40,434,124 over the last 90 days. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Olin

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Baystate Wealth Management LLC lifted its stake in Olin by 154.6% in the third quarter. Baystate Wealth Management LLC now owns 494 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 300 shares during the period. Salem Investment Counselors Inc. bought a new position in shares of Olin during the first quarter worth about $26,000. Sandy Spring Bank grew its stake in Olin by 145.6% in the fourth quarter. Sandy Spring Bank now owns 614 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 364 shares in the last quarter. Covestor Ltd grew its stake in Olin by 76.7% in the third quarter. Covestor Ltd now owns 659 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 286 shares in the last quarter. Finally, Quarry LP grew its stake in Olin by 508.6% in the first quarter. Quarry LP now owns 706 shares of the specialty chemicals company’s stock valued at $39,000 after purchasing an additional 590 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Olin Stock Up 0.9 %

Olin stock opened at $58.80 on Friday. Olin has a 1-year low of $41.71 and a 1-year high of $59.95. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 0.32 and a beta of 1.43. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 1.14. The firm has a 50 day simple moving average of $54.13 and a 200 day simple moving average of $50.62.

Olin (NYSE:OLN) last announced its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.20 by $0.10. Olin had a net margin of 6.74% and a return on equity of 18.44%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.50 billion. On average, analysts predict that Olin will post 3.75 earnings per share for the current year.

Olin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, March 7th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Wednesday, March 6th. Olin’s dividend payout ratio is presently 22.60%.

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.