Olin Co. (NYSE:OLN) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its position in Olin Co. (NYSE:OLN - Free Report) by 125.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,011 shares of the specialty chemicals company's stock after purchasing an additional 51,251 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.08% of Olin worth $4,415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of OLN. Farther Finance Advisors LLC raised its stake in shares of Olin by 88.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 589 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 276 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of Olin by 1.2% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 55,550 shares of the specialty chemicals company's stock valued at $2,665,000 after acquiring an additional 680 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Olin by 3.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 11,830 shares of the specialty chemicals company's stock valued at $568,000 after acquiring an additional 350 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Olin by 495.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 77,655 shares of the specialty chemicals company's stock valued at $3,725,000 after acquiring an additional 64,610 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Olin by 139.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,232 shares of the specialty chemicals company's stock valued at $971,000 after acquiring an additional 11,766 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OLN has been the topic of several recent research reports. Bank of America downgraded shares of Olin from a "buy" rating to a "neutral" rating and cut their target price for the stock from $62.00 to $51.00 in a research note on Monday, July 29th. Piper Sandler cut their target price on shares of Olin from $57.00 to $51.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Olin from $57.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday, July 29th. Barclays cut 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 note on Monday, October 28th. Finally, UBS Group cut their target price 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. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $51.86.

Olin Stock Up 2.8 %

Shares of Olin stock traded up $1.13 during trading hours on Monday, hitting $41.99. The company had a trading volume of 1,787,156 shares, compared to its average volume of 1,171,563. The company's 50-day moving average is $44.56 and its two-hundred day moving average is $47.61. Olin Co. has a twelve month low of $39.47 and a twelve month high of $60.60. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.40 and a quick ratio of 0.82. The company has a market cap of $4.90 billion, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 1.66 and a beta of 1.43.

Olin Announces Dividend

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 issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, November 14th. Olin's payout ratio 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.