Olin Co. (NYSE:OLN) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Olin Co. (NYSE:OLN - Free Report) by 5.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 267,506 shares of the specialty chemicals company's stock after selling 16,630 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Olin worth $12,835,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in Olin by 88.2% during the third quarter. Farther Finance Advisors LLC now owns 589 shares of the specialty chemicals company's stock worth $28,000 after buying an additional 276 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Olin in the 2nd quarter worth about $33,000. Covestor Ltd increased its position in shares of Olin by 357.5% during the 3rd quarter. Covestor Ltd now owns 915 shares of the specialty chemicals company's stock valued at $44,000 after purchasing an additional 715 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Olin during the 3rd quarter valued at about $47,000. Finally, Denver PWM LLC bought a new stake in Olin in the 2nd quarter worth approximately $59,000. Hedge funds and other institutional investors own 88.67% of the company's stock.

Olin Price Performance

Shares of NYSE:OLN traded up $0.26 during midday trading on Friday, reaching $41.27. 970,471 shares of the company's stock traded hands, compared to its average volume of 1,285,744. The company has a market cap of $4.81 billion, a P/E ratio of 33.28, a PEG ratio of 1.69 and a beta of 1.43. The company has a fifty day simple moving average of $43.94 and a two-hundred day simple moving average of $45.53. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.82 and a current ratio of 1.40. Olin Co. has a 1 year low of $39.47 and a 1 year high of $60.60.

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 given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.80 annualized dividend and a dividend yield of 1.94%. Olin's dividend payout ratio (DPR) is 64.52%.

Insider Transactions at Olin

In other news, VP R Nichole Sumner sold 10,500 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $43.75, for a total value of $459,375.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

OLN has been the subject of a number of recent research reports. BMO Capital Markets lowered their price objective on shares of Olin from $50.00 to $47.00 and set a "market perform" rating for the company in a report on Tuesday, October 29th. KeyCorp reduced their target price on Olin from $57.00 to $56.00 and set an "overweight" rating on the stock in a report on Monday, October 28th. Barclays lowered their price target on shares of Olin from $49.00 to $45.00 and set an "equal weight" rating for the company in a research report on Monday, October 28th. Royal Bank of Canada cut their target price on Olin from $52.00 to $48.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company reduced their price target on shares of Olin from $48.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, October 28th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $51.86.

Olin 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.