International Assets Investment Management LLC Has $460,000 Stock Position in Olin Co. (NYSE:OLN)

International Assets Investment Management LLC grew its holdings in shares of Olin Co. (NYSE:OLN) by 4,698.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,596 shares of the specialty chemicals company’s stock after buying an additional 9,396 shares during the quarter. International Assets Investment Management LLC’s holdings in Olin were worth $460,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in OLN. LRI Investments LLC bought a new position in shares of Olin during the first quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 purchasing an additional 525 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Olin during the second quarter valued at about $33,000. Denver PWM LLC bought a new position in shares of Olin during the second quarter valued at about $59,000. Finally, Mather Group LLC. lifted its position in shares of 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 purchasing an additional 1,187 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Olin Stock Performance

NYSE OLN opened at $41.76 on Wednesday. The company’s 50 day moving average is $44.47 and its 200-day moving average is $47.45. Olin Co. has a 12-month low of $39.47 and a 12-month high of $60.60. The company has a quick ratio of 0.82, a current ratio of 1.40 and a debt-to-equity ratio of 1.32. The firm has a market cap of $4.87 billion, a P/E ratio of 33.68, a price-to-earnings-growth ratio of 1.65 and a beta of 1.43.

Olin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Thursday, November 14th. Olin’s dividend payout ratio (DPR) is currently 64.52%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. BMO Capital Markets dropped their price target on shares of Olin from $50.00 to $47.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Olin from $57.00 to $48.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. The Goldman Sachs Group lowered their price objective on shares of Olin from $55.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, July 29th. Piper Sandler lowered their price objective on shares of Olin from $57.00 to $51.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their price objective on shares of Olin from $48.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Olin presently has a consensus rating of “Hold” and a consensus price target of $51.86.

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.