WINTON GROUP Ltd Invests $5.35 Million in Olin Co. (NYSE:OLN)

WINTON GROUP Ltd acquired a new stake in Olin Co. (NYSE:OLN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 158,150 shares of the specialty chemicals company's stock, valued at approximately $5,345,000. WINTON GROUP Ltd owned about 0.14% of Olin as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Olin by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,295,699 shares of the specialty chemicals company's stock worth $62,168,000 after buying an additional 37,043 shares in the last quarter. Raymond James Trust N.A. bought a new position in shares of Olin in the third quarter valued at approximately $212,000. Cerity Partners LLC grew its holdings in Olin by 116.7% during the third quarter. Cerity Partners LLC now owns 115,779 shares of the specialty chemicals company's stock worth $5,555,000 after acquiring an additional 62,352 shares during the period. Bridgewater Associates LP raised its position in Olin by 286.3% in the third quarter. Bridgewater Associates LP now owns 55,424 shares of the specialty chemicals company's stock worth $2,659,000 after acquiring an additional 41,078 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Olin in the 3rd quarter valued at about $1,522,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Kenneth Todd Lane bought 7,250 shares of Olin stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average cost of $28.06 per share, for a total transaction of $203,435.00. Following the acquisition, the chief executive officer now owns 7,250 shares in the company, valued at $203,435. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company's stock.

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Olin Stock Down 1.9 %

Shares of Olin stock traded down $0.48 during trading on Monday, hitting $24.10. 217,095 shares of the stock traded hands, compared to its average volume of 1,853,716. The stock has a market cap of $2.77 billion, a P/E ratio of 26.80 and a beta of 1.61. The company has a fifty day moving average price of $27.33 and a two-hundred day moving average price of $36.09. Olin Co. has a twelve month low of $22.98 and a twelve month high of $60.60. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.77 and a current ratio of 1.27.

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

Olin announced that its board has initiated a stock buyback program on Thursday, December 12th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the specialty chemicals company to repurchase up to 45% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Olin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.80 annualized dividend and a yield of 3.32%. Olin's dividend payout ratio (DPR) is currently 88.89%.

Wall Street Analyst Weigh In

A number of analysts recently commented on OLN shares. Barclays reiterated an "equal weight" rating on shares of Olin in a report on Monday, February 3rd. UBS Group set a $28.00 price objective on Olin in a research report on Thursday, February 27th. JPMorgan Chase & Co. cut Olin from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $50.00 to $28.00 in a report on Thursday, February 27th. Bank of America raised Olin from a "neutral" rating to a "buy" rating and reduced their target price for the company from $48.00 to $40.00 in a report on Tuesday, January 14th. Finally, KeyCorp dropped their price target on Olin from $50.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $37.44.

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.