Olin Co. (NYSE:OLN) Position Trimmed by Larson Financial Group LLC

Larson Financial Group LLC lowered its position in shares of Olin Co. (NYSE:OLN) by 1.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 29,022 shares of the specialty chemicals company’s stock after selling 460 shares during the period. Larson Financial Group LLC’s holdings in Olin were worth $1,566,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP grew its position in shares of Olin by 153.2% during the third quarter. Quantbot Technologies LP now owns 24,674 shares of the specialty chemicals company’s stock worth $1,233,000 after acquiring an additional 14,928 shares during the last quarter. Coombe Bender & Co LLC lifted its stake in Olin by 20.8% during the third quarter. Coombe Bender & Co LLC now owns 90,977 shares of the specialty chemicals company’s stock valued at $4,547,000 after buying an additional 15,645 shares in the last quarter. AdvisorShares Investments LLC purchased a new stake in Olin during the third quarter valued at about $361,000. Cerity Partners LLC purchased a new stake in shares of Olin in the fourth quarter worth approximately $2,613,000. Finally, Invesco Ltd. increased its holdings in Olin by 5.3% in the third quarter. Invesco Ltd. now owns 1,132,733 shares of the specialty chemicals company’s stock worth $56,614,000 after buying an additional 57,364 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Olin Trading Down 0.4 %

Olin stock traded down $0.23 during trading hours on Tuesday, hitting $53.61. The stock had a trading volume of 255,819 shares, compared to its average volume of 1,014,163. The company has a quick ratio of 0.73, a current ratio of 1.29 and a debt-to-equity ratio of 1.14. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 0.29 and a beta of 1.44. Olin Co. has a one year low of $41.71 and a one year high of $60.60. The business’s 50 day simple moving average is $55.50 and its 200-day simple moving average is $51.52.

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

Olin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, March 7th were issued a $0.20 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.49%. Olin’s dividend payout ratio is presently 22.60%.

Insider Activity

In related news, CFO Todd A. Slater sold 63,250 shares of Olin stock in a transaction on 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 sale, the chief financial officer now directly owns 137,517 shares in the company, valued at $7,446,545.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Olin news, CEO Scott Mcdougald Sutton sold 539,328 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $53.96, for a total value of $29,102,138.88. Following the completion of the sale, the chief executive officer now directly owns 47,620 shares of the company’s stock, valued at $2,569,575.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Todd A. Slater sold 63,250 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $54.15, for a total value of $3,424,987.50. Following the completion of the sale, the chief financial officer now directly owns 137,517 shares of the company’s stock, valued at $7,446,545.55. The disclosure for this sale can be found here. Insiders have sold 753,274 shares of company stock worth $40,434,124 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

OLN has been the topic of several analyst reports. The Goldman Sachs Group increased their price target on Olin from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Stifel Nicolaus raised their target price on Olin from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. UBS Group lifted their price objective on Olin from $56.00 to $58.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Barclays lifted their price objective on Olin from $57.00 to $59.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Finally, Royal Bank of Canada raised their target price on Olin from $64.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $59.33.

Olin 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.