Olin (NYSE:OLN) Price Target Lowered to $45.00 at Barclays

Olin (NYSE:OLN) had its price objective decreased by Barclays from $49.00 to $45.00 in a research report sent to investors on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the specialty chemicals company’s stock.

A number of other research firms also recently issued reports on OLN. Piper Sandler decreased their target price on shares of Olin from $75.00 to $57.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Royal Bank of Canada lowered their price target on shares of Olin from $61.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. The Goldman Sachs Group decreased their price objective on shares of Olin from $55.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. KeyCorp cut their target price on shares of Olin from $57.00 to $56.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. raised shares of Olin from a “neutral” rating to an “overweight” rating and set a $55.00 target price on the stock in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Olin presently has an average rating of “Hold” and a consensus target price of $51.80.

Olin Trading Up 0.7 %

Shares of OLN stock opened at $41.71 on Monday. Olin has a 12-month low of $39.47 and a 12-month high of $60.60. The company has a current ratio of 1.40, a quick ratio of 0.82 and a debt-to-equity ratio of 1.32. The firm’s 50 day moving average is $44.78 and its 200 day moving average is $48.08. The stock has a market capitalization of $4.90 billion, a P/E ratio of 33.64, a P/E/G ratio of 1.01 and a beta of 1.41.

Olin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.80 dividend on an annualized basis and a yield of 1.92%. Olin’s dividend payout ratio is presently 64.52%.

Institutional Trading of Olin

Large investors have recently bought and sold shares of the business. LRI Investments LLC purchased a new stake in Olin in the first quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its position in Olin by 4,375.0% during the first quarter. EverSource Wealth Advisors LLC now owns 537 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 525 shares in the last quarter. nVerses Capital LLC acquired a new position in Olin during the second quarter valued at approximately $33,000. Denver PWM LLC acquired a new position in Olin during the second quarter valued at approximately $59,000. Finally, Mather Group LLC. lifted its position in Olin by 1,364.4% during the second quarter. Mather Group LLC. now owns 1,274 shares of the specialty chemicals company’s stock valued at $60,000 after buying an additional 1,187 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Olin Company 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.