Olin Co. (NYSE:OLN) Position Reduced by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lessened its holdings in Olin Co. (NYSE:OLN) by 51.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,928 shares of the specialty chemicals company’s stock after selling 9,420 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Olin were worth $482,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sandy Spring Bank increased its stake in shares of Olin by 145.6% in the fourth quarter. Sandy Spring Bank now owns 614 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 364 shares during the last quarter. Covestor Ltd raised its stake in shares of Olin by 76.7% during the 3rd quarter. Covestor Ltd now owns 659 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 286 shares in the last quarter. Motco acquired a new stake in shares of Olin during the 3rd quarter valued at about $40,000. ORG Partners LLC grew its stake in shares of Olin by 1,100.0% in the 4th quarter. ORG Partners LLC now owns 960 shares of the specialty chemicals company’s stock valued at $52,000 after buying an additional 880 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in Olin in the fourth quarter worth approximately $96,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

OLN has been the subject of several recent analyst reports. Piper Sandler upped their price target on Olin from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Barclays boosted their price objective on shares of Olin from $57.00 to $59.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Stifel Nicolaus upped their target price on Olin from $68.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, April 29th. The Goldman Sachs Group raised their price target on shares of Olin from $55.00 to $61.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Finally, Citigroup boosted their target price on shares of Olin from $63.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Olin currently has a consensus rating of “Hold” and an average price target of $60.00.

Insiders Place Their Bets

In other news, VP Brett A. Flaugher sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $52.46, for a total transaction of $786,900.00. Following the completion of the sale, the vice president now owns 8,782 shares in the company, valued at approximately $460,703.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Olin news, VP Brett A. Flaugher sold 15,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $52.46, for a total transaction of $786,900.00. Following the completion of the transaction, the vice president now owns 8,782 shares in the company, valued at $460,703.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott Mcdougald Sutton sold 48,896 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $52.39, for a total transaction of $2,561,661.44. Following the completion of the transaction, the chief executive officer now directly owns 90,327 shares of the company’s stock, valued at $4,732,231.53. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Olin Stock Performance

Shares of Olin stock opened at $54.40 on Friday. The company has a market cap of $6.50 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 0.31 and a beta of 1.48. The company has a quick ratio of 0.80, a current ratio of 1.38 and a debt-to-equity ratio of 1.22. Olin Co. has a 52 week low of $41.71 and a 52 week high of $60.60. The business has a 50 day moving average price of $55.72 and a 200-day moving average price of $52.89.

Olin (NYSE:OLN) last released its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. Olin had a net margin of 5.32% and a return on equity of 14.47%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the company earned $1.16 earnings per share. The firm’s revenue for the quarter was down 11.3% compared to the same quarter last year. Equities analysts anticipate that Olin Co. will post 3.68 earnings per share for the current fiscal year.

Olin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 9th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.80 annualized dividend and a yield of 1.47%. Olin’s payout ratio is currently 28.78%.

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.