Olin Co. (NYSE:OLN) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its position in Olin Co. (NYSE:OLN - Free Report) by 25.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,129 shares of the specialty chemicals company's stock after selling 18,715 shares during the period. Amalgamated Bank's holdings in Olin were worth $2,693,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. LRI Investments LLC acquired a new stake in Olin in the first quarter valued at approximately $28,000. Farther Finance Advisors LLC raised its holdings in shares of Olin by 88.2% in the third quarter. Farther Finance Advisors LLC now owns 589 shares of the specialty chemicals company's stock worth $28,000 after buying an additional 276 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Olin by 4,375.0% in the first quarter. EverSource Wealth Advisors LLC now owns 537 shares of the specialty chemicals company's stock worth $32,000 after buying an additional 525 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Olin in the second quarter worth $33,000. Finally, Denver PWM LLC purchased a new position in shares of Olin in the second quarter worth $59,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Olin from $52.00 to $48.00 and set an "outperform" rating for the company in a report on Tuesday, October 29th. BMO Capital Markets reduced their target price 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 target price on shares of Olin from $48.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Barclays reduced their target price on shares of Olin from $49.00 to $45.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. raised shares of Olin from a "neutral" rating to an "overweight" rating and set a $55.00 target price for the company in a report on Monday, July 29th. 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, the stock has a consensus rating of "Hold" and a consensus price target of $51.86.

Olin Stock Performance

OLN traded down $0.13 on Monday, reaching $44.16. The stock had a trading volume of 1,729,655 shares, compared to its average volume of 1,203,935. Olin Co. 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 business's 50-day moving average price is $44.48 and its two-hundred day moving average price is $47.24. The company has a market cap of $5.15 billion, a P/E ratio of 35.51, a price-to-earnings-growth ratio of 1.79 and a beta of 1.43.

Olin Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, November 14th. This represents a $0.80 annualized dividend and a dividend yield of 1.81%. Olin's dividend payout ratio (DPR) is 64.52%.

About Olin

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.