Olin Co. (NYSE:OLN) Given Average Recommendation of “Hold” by Analysts

Olin Co. (NYSE:OLN) has received an average recommendation of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $51.86.

OLN has been the topic of a number of recent analyst reports. Mizuho initiated coverage on Olin in a research report on Thursday, August 8th. They set a “neutral” rating and a $45.00 price target on the stock. Bank of America lowered Olin from a “buy” rating to a “neutral” rating and decreased their target price for the company from $62.00 to $51.00 in a research report on Monday, July 29th. BMO Capital Markets cut their price target on shares of Olin from $50.00 to $47.00 and set a “market perform” rating for the company in a report on Tuesday, October 29th. Wells Fargo & Company reduced their price objective on shares of Olin from $48.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Finally, Barclays dropped their target price on shares of Olin from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th.

Institutional Investors Weigh In On Olin

A number of large investors have recently made changes to their positions in the stock. Boston Partners boosted its stake in Olin by 7.7% during the first quarter. Boston Partners now owns 5,414,265 shares of the specialty chemicals company’s stock worth $317,897,000 after buying an additional 384,888 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Olin by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,741,007 shares of the specialty chemicals company’s stock valued at $176,396,000 after acquiring an additional 194,755 shares during the last quarter. Pzena Investment Management LLC boosted its position in shares of Olin by 24.8% during the 3rd quarter. Pzena Investment Management LLC now owns 3,452,708 shares of the specialty chemicals company’s stock valued at $165,661,000 after acquiring an additional 685,710 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Olin by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 1,373,519 shares of the specialty chemicals company’s stock valued at $64,761,000 after purchasing an additional 33,143 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Olin by 2.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,061,001 shares of the specialty chemicals company’s stock worth $50,907,000 after purchasing an additional 25,163 shares during the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Olin Trading Up 2.7 %

Shares of Olin stock opened at $44.26 on Friday. The firm has a 50-day simple moving average of $44.48 and a two-hundred day simple moving average of $47.33. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.82 and a current ratio of 1.40. Olin has a fifty-two week low of $39.47 and a fifty-two week high of $60.60. The company has a market cap of $5.16 billion, a P/E ratio of 35.69, a price-to-earnings-growth ratio of 1.77 and a beta of 1.43.

Olin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 14th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, November 14th. Olin’s dividend payout ratio (DPR) is 64.52%.

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.