Segall Bryant & Hamill LLC Purchases Shares of 19,083 Olin Co. (NYSE:OLN)

Segall Bryant & Hamill LLC purchased a new stake in Olin Co. (NYSE:OLN - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,083 shares of the specialty chemicals company's stock, valued at approximately $916,000.

Other hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in Olin during the first quarter worth about $28,000. Bayesian Capital Management LP increased its holdings in shares of Olin by 57.1% during the 1st quarter. Bayesian Capital Management LP now owns 20,900 shares of the specialty chemicals company's stock valued at $1,229,000 after purchasing an additional 7,600 shares in the last quarter. Dynasty Wealth Management LLC acquired a new position in shares of Olin in the 1st quarter valued at $326,000. B. Riley Wealth Advisors Inc. boosted its holdings in Olin by 31.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 42,880 shares of the specialty chemicals company's stock worth $2,521,000 after buying an additional 10,335 shares in the last quarter. Finally, Tidal Investments LLC grew its position in Olin by 510.4% during the first quarter. Tidal Investments LLC now owns 33,132 shares of the specialty chemicals company's stock valued at $1,948,000 after buying an additional 27,704 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Mizuho began coverage on shares of Olin in a research note on Thursday, August 8th. They set a "neutral" rating and a $45.00 target price on the stock. KeyCorp cut their price objective on Olin from $57.00 to $56.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. Wells Fargo & Company decreased their target price on Olin from $48.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. raised shares of 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. Finally, The Goldman Sachs Group decreased their price objective on shares of Olin from $55.00 to $49.00 and set a "neutral" rating on the stock in a report on Monday, July 29th. 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 presently has an average rating of "Hold" and an average target price of $51.86.

Insiders Place Their Bets

In other Olin news, VP R Nichole Sumner sold 10,500 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $43.75, for a total transaction of $459,375.00. Following the transaction, the vice president now directly owns 24,056 shares in the company, valued at $1,052,450. This represents a 30.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by insiders.

Olin Trading Up 2.0 %

Shares of OLN traded up $0.85 during mid-day trading on Friday, reaching $42.87. The stock had a trading volume of 821,148 shares, compared to its average volume of 1,792,112. 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 business's fifty day moving average is $44.51 and its 200 day moving average is $46.49. Olin Co. has a 52-week low of $39.47 and a 52-week high of $60.60. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 34.57, a P/E/G ratio of 1.70 and a beta of 1.43.

Olin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 yield of 1.87%. Olin's payout ratio is 64.52%.

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.