Brokerages Set Olin Co. (NYSE:OLN) Target Price at $35.81

Olin Co. (NYSE:OLN - Get Free Report) has been given a consensus recommendation of "Hold" by the sixteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $35.44.

Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their price target on Olin from $25.00 to $19.00 and set an "equal weight" rating for the company in a report on Wednesday. Morgan Stanley reduced their target price on shares of Olin from $31.00 to $28.00 and set an "underweight" rating for the company in a research note on Tuesday, February 4th. BMO Capital Markets lowered their target price on shares of Olin from $44.00 to $34.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Bank of America raised shares of Olin from a "neutral" rating to a "buy" rating and cut their price target for the stock from $48.00 to $40.00 in a report on Tuesday, January 14th. Finally, Barclays lowered their price objective on Olin from $34.00 to $28.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st.

Olin Stock Performance

NYSE OLN traded up $0.80 during trading on Tuesday, reaching $20.44. The company's stock had a trading volume of 2,495,243 shares, compared to its average volume of 1,522,099. Olin has a twelve month low of $17.66 and a twelve month high of $57.10. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 22.71 and a beta of 1.50. The business's fifty day moving average price is $24.75 and its 200-day moving average price is $34.31. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.77 and a current ratio of 1.27.

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Olin (NYSE:OLN - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.10. Olin had a return on equity of 5.10% and a net margin of 1.66%. As a group, analysts anticipate that Olin will post 1.38 EPS for the current fiscal year.

Olin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, March 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.80 dividend on an annualized basis and a yield of 3.91%. Olin's payout ratio is 88.89%.

Insider Activity

In other Olin news, CEO Kenneth Todd Lane purchased 7,250 shares of Olin stock in a transaction on Tuesday, February 4th. The shares were bought at an average price of $28.06 per share, with a total value of $203,435.00. Following the completion of the acquisition, the chief executive officer now directly owns 7,250 shares of the company's stock, valued at approximately $203,435. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Covestor Ltd lifted its holdings in shares of Olin by 45.8% during the 4th quarter. Covestor Ltd now owns 1,334 shares of the specialty chemicals company's stock valued at $45,000 after acquiring an additional 419 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in Olin by 9.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 5,833 shares of the specialty chemicals company's stock valued at $197,000 after purchasing an additional 500 shares during the period. Connable Office Inc. boosted its position in shares of Olin by 9.3% in the fourth quarter. Connable Office Inc. now owns 6,207 shares of the specialty chemicals company's stock worth $210,000 after buying an additional 527 shares during the period. First Citizens Bank & Trust Co. grew its stake in shares of Olin by 8.5% in the fourth quarter. First Citizens Bank & Trust Co. now owns 6,930 shares of the specialty chemicals company's stock valued at $234,000 after buying an additional 542 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Olin by 14.4% during the 3rd quarter. Captrust Financial Advisors now owns 4,998 shares of the specialty chemicals company's stock valued at $240,000 after buying an additional 630 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

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.