Olin Co. (NYSE:OLN) Shares Sold by Fruth Investment Management


Share on StockTwits

Fruth Investment Management decreased its position in shares of Olin Co. (NYSE:OLN) by 2.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 82,300 shares of the specialty chemicals company’s stock after selling 2,275 shares during the quarter. Fruth Investment Management’s holdings in Olin were worth $2,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co acquired a new position in Olin during the third quarter worth $29,000. Private Advisor Group LLC acquired a new position in Olin during the second quarter worth $52,000. Captrust Financial Advisors acquired a new position in Olin during the second quarter worth $62,000. AM Investment Strategies LLC acquired a new position in Olin during the third quarter worth $126,000. Finally, First Citizens Bank & Trust Co. acquired a new position in Olin during the third quarter worth $127,000. 90.47% of the stock is currently owned by institutional investors.

Shares of NYSE OLN traded down $0.94 on Wednesday, reaching $27.13. 19,166 shares of the company traded hands, compared to its average volume of 1,520,115. The stock has a market capitalization of $4.28 billion, a PE ratio of -4.30 and a beta of 1.04. Olin Co. has a fifty-two week low of $8.76 and a fifty-two week high of $28.30. The company has a current ratio of 1.75, a quick ratio of 1.08 and a debt-to-equity ratio of 1.86. The company has a 50 day moving average of $24.45 and a 200 day moving average of $16.49.

Olin (NYSE:OLN) last released its earnings results on Wednesday, November 4th. The specialty chemicals company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.40 billion. Olin had a negative net margin of 18.47% and a negative return on equity of 9.08%. As a group, research analysts expect that Olin Co. will post -1.47 earnings per share for the current year.

In other news, CFO Todd A. Slater sold 13,000 shares of the stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $22.16, for a total value of $288,080.00. Following the completion of the sale, the chief financial officer now owns 100,751 shares in the company, valued at $2,232,642.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brett A. Flaugher sold 8,000 shares of the stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $21.78, for a total value of $174,240.00. Following the completion of the sale, the vice president now owns 38,507 shares of the company’s stock, valued at approximately $838,682.46. The disclosure for this sale can be found here. Insiders own 11.70% of the company’s stock.

Several equities analysts recently issued reports on the company. Barclays lifted their price objective on Olin from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday, October 1st. Alembic Global Advisors upped their price objective on Olin from $22.00 to $27.00 in a research report on Monday, November 23rd. Zacks Investment Research lowered Olin from a “hold” rating to a “sell” rating and set a $15.00 price objective on the stock. in a research note on Wednesday, October 7th. Wells Fargo & Company raised shares of Olin from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $22.00 to $32.00 in a research note on Wednesday, December 9th. Finally, TheStreet upgraded shares of Olin from a “d+” rating to a “c” rating in a report on Friday, December 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.43.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States and internationally. 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, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, chlorinated organics intermediates and solvents, and sodium hypochlorite.

Further Reading: What are the benefits of a balanced fund?

Want to see what other hedge funds are holding OLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Olin Co. (NYSE:OLN).

Institutional Ownership by Quarter for Olin (NYSE:OLN)

Receive News & Ratings for Olin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Olin and related companies with MarketBeat.com's FREE daily email newsletter.