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

Olin Co. (NYSE:OLN) VP R Nichole Sumner sold 10,500 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $43.75, for a total value of $459,375.00. Following the sale, the vice president now owns 24,056 shares in the company, valued at approximately $1,052,450. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Olin Price Performance

NYSE OLN opened at $42.89 on Thursday. The business’s fifty day moving average is $44.51 and its 200 day moving average is $47.11. Olin Co. has a fifty-two week low of $39.47 and a fifty-two week high of $60.60. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.82 and a current ratio of 1.40. The company has a market capitalization of $5.00 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 1.74 and a beta of 1.43.

Olin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.87%. Olin’s dividend payout ratio (DPR) is presently 64.52%.

Institutional Investors Weigh In On Olin

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pzena Investment Management LLC boosted its position in shares of Olin by 24.8% in the third quarter. Pzena Investment Management LLC now owns 3,452,708 shares of the specialty chemicals company’s stock worth $165,661,000 after purchasing an additional 685,710 shares during the period. AQR Capital Management LLC boosted its holdings in Olin by 429.8% in the 2nd quarter. AQR Capital Management LLC now owns 610,153 shares of the specialty chemicals company’s stock worth $28,769,000 after buying an additional 494,976 shares during the period. Boston Partners increased its stake in Olin by 7.7% in the 1st quarter. Boston Partners now owns 5,414,265 shares of the specialty chemicals company’s stock worth $317,897,000 after buying an additional 384,888 shares in the last quarter. Lodge Hill Capital LLC increased its stake in Olin by 78.9% in the 1st quarter. Lodge Hill Capital LLC now owns 510,000 shares of the specialty chemicals company’s stock worth $29,988,000 after buying an additional 225,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Olin by 5.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,741,007 shares of the specialty chemicals company’s stock valued at $176,396,000 after acquiring an additional 194,755 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on OLN. BMO Capital Markets dropped their price objective on Olin from $50.00 to $47.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 29th. KeyCorp dropped their price target on shares of Olin from $57.00 to $56.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Wells Fargo & Company decreased their price objective on shares of Olin from $48.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Olin from $57.00 to $48.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Finally, Barclays decreased their target price on shares of Olin from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Olin has a consensus rating of “Hold” and a consensus 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.