Olin Co. (NYSE:OLN) Position Increased by Blue Trust Inc.

Blue Trust Inc. raised its stake in Olin Co. (NYSE:OLN) by 63.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,149 shares of the specialty chemicals company’s stock after buying an additional 838 shares during the period. Blue Trust Inc.’s holdings in Olin were worth $101,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. LRI Investments LLC acquired a new stake in shares of Olin during the first quarter valued at approximately $28,000. EverSource Wealth Advisors LLC grew its position in Olin by 4,375.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 537 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 525 shares in the last quarter. nVerses Capital LLC acquired a new stake in Olin during the 2nd quarter valued at $33,000. Headlands Technologies LLC purchased a new stake in shares of Olin in the first quarter valued at $69,000. Finally, Denver PWM LLC acquired a new stake in shares of Olin in the second quarter worth $59,000. 88.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised Olin from a “neutral” rating to an “overweight” rating and set a $55.00 price target on the stock in a research report on Monday, July 29th. UBS Group decreased their price target on shares of Olin from $59.00 to $51.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. KeyCorp cut their target price on shares of Olin from $57.00 to $56.00 and set an “overweight” rating for the company in a research report on Monday. Piper Sandler lowered their price target on shares of Olin from $75.00 to $57.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Finally, Bank of America lowered Olin from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $62.00 to $51.00 in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Olin has a consensus rating of “Hold” and an average target price of $51.33.

Olin Stock Performance

OLN opened at $40.88 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.82 and a current ratio of 1.40. The company has a market cap of $4.81 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 1.01 and a beta of 1.41. The stock has a 50-day moving average of $44.76 and a 200-day moving average of $47.97. Olin Co. has a 52-week low of $39.47 and a 52-week high of $60.60.

Olin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.80 dividend on an annualized basis and a yield of 1.96%. Olin’s payout ratio is currently 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.