Olin Co. (NYSE:OLN) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Olin Co. (NYSE:OLN - Get Free Report) have received a consensus recommendation of "Hold" from the fifteen brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $52.40.

OLN has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised Olin from a "neutral" rating to an "overweight" rating and set a $55.00 price target for the company in a 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 on the stock in a research note on Tuesday, July 9th. Wells Fargo & Company cut their price objective on shares of Olin from $50.00 to $48.00 and set an "equal weight" rating for the company in a research report on Monday, July 29th. Bank of America lowered shares of Olin from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $62.00 to $51.00 in a research report on Monday, July 29th. Finally, Barclays lowered their target price on shares of Olin from $59.00 to $49.00 and set an "equal weight" rating for the company in a research note on Monday, July 29th.

Institutional Trading of Olin

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP acquired a new stake in Olin during the 4th quarter valued at approximately $50,000. Goldman Sachs Group Inc. grew its position in shares of Olin by 12.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 468,175 shares of the specialty chemicals company's stock worth $25,258,000 after buying an additional 50,167 shares in the last quarter. Quadrature Capital Ltd grew its position in shares of Olin by 108.7% during the fourth quarter. Quadrature Capital Ltd now owns 26,596 shares of the specialty chemicals company's stock worth $1,435,000 after buying an additional 13,853 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Olin by 50.7% in the first quarter. GAMMA Investing LLC now owns 2,793 shares of the specialty chemicals company's stock worth $164,000 after buying an additional 940 shares during the last quarter. Finally, First Hawaiian Bank raised its holdings in Olin by 7.0% in the first quarter. First Hawaiian Bank now owns 17,471 shares of the specialty chemicals company's stock valued at $1,027,000 after acquiring an additional 1,140 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Olin Price Performance

NYSE OLN traded down $1.10 during trading hours on Tuesday, reaching $46.44. The company's stock had a trading volume of 1,026,330 shares, compared to its average volume of 1,141,274. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.82 and a current ratio of 1.43. The company's 50-day moving average is $43.99 and its two-hundred day moving average is $48.90. Olin has a fifty-two week low of $39.47 and a fifty-two week high of $60.60. The stock has a market cap of $5.55 billion, a PE ratio of 17.10, a PEG ratio of 1.02 and a beta of 1.41.

Olin (NYSE:OLN - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.08). Olin had a net margin of 4.26% and a return on equity of 11.73%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts forecast that Olin will post 1.61 EPS for the current year.

Olin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.72%. Olin's dividend payout ratio is currently 28.78%.

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.