R Nichole Sumner Sells 10,500 Shares of Olin Co. (NYSE:OLN) Stock

Olin Co. (NYSE:OLN - Get Free Report) VP R Nichole Sumner sold 10,500 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $43.75, for a total value of $459,375.00. Following the completion of the transaction, the vice president now directly owns 24,056 shares of the company's stock, valued at approximately $1,052,450. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Olin Price Performance

OLN traded down $1.12 during trading on Tuesday, hitting $43.03. 1,508,095 shares of the company traded hands, compared to its average volume of 1,205,323. The stock's 50-day simple moving average is $44.49 and its two-hundred day simple moving average is $47.18. The company has a market cap of $5.02 billion, a PE ratio of 35.61, a P/E/G ratio of 1.79 and a beta of 1.43. The company has a current ratio of 1.40, a quick ratio of 0.82 and a debt-to-equity ratio of 1.32. Olin Co. has a 1 year low of $39.47 and a 1 year high of $60.60.

Olin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 annualized dividend and a dividend yield of 1.86%. Olin's dividend payout ratio is presently 64.52%.

Hedge Funds Weigh In On Olin

Large investors have recently made changes to their positions in the stock. Swiss National Bank grew its stake in shares of Olin by 2.7% in the 1st quarter. Swiss National Bank now owns 241,932 shares of the specialty chemicals company's stock valued at $14,226,000 after buying an additional 6,300 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Olin in the 1st quarter worth about $167,000. Headlands Technologies LLC bought a new position in Olin in the first quarter worth approximately $69,000. State Board of Administration of Florida Retirement System lifted its holdings in Olin by 3.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 148,429 shares of the specialty chemicals company's stock worth $8,238,000 after acquiring an additional 5,391 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Olin by 7.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,677 shares of the specialty chemicals company's stock worth $745,000 after buying an additional 906 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OLN shares. KeyCorp dropped their price objective on Olin from $57.00 to $56.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft lowered their target price on Olin from $57.00 to $48.00 and set a "hold" rating for the company in a research note on Monday, July 29th. Barclays decreased their target price on Olin from $49.00 to $45.00 and set an "equal weight" rating for the company in a research report on Monday, October 28th. Wells Fargo & Company cut their price objective on Olin from $48.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Finally, Royal Bank of Canada cut their price objective on shares of Olin from $52.00 to $48.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 29th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Olin currently has a consensus rating of "Hold" and an average target price of $51.86.

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.