Olin Corporation (NYSE:OLN) has been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $34.83.

OLN has been the subject of several recent analyst reports. Zacks Investment Research upgraded Olin Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, April 20th. Bank of America Corporation initiated coverage on Olin Corporation in a research note on Monday, May 8th. They issued a “buy” rating and a $40.00 price target for the company. Tudor Pickering initiated coverage on Olin Corporation in a research note on Friday, May 12th. They issued a “buy” rating and a $37.00 price target for the company. Royal Bank Of Canada restated a “buy” rating and issued a $35.00 price target on shares of Olin Corporation in a research note on Tuesday, May 16th. Finally, BidaskClub upgraded Olin Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th.

In other news, EVP John L. Mcintosh sold 24,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $31.54, for a total transaction of $756,960.00. Following the completion of the transaction, the executive vice president now directly owns 84,391 shares in the company, valued at approximately $2,661,692.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John L. Mcintosh sold 16,070 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $31.02, for a total value of $498,491.40. Following the transaction, the executive vice president now owns 60,391 shares of the company’s stock, valued at $1,873,328.82. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of OLN. BlackRock Inc. increased its position in Olin Corporation by 7,604.7% in the first quarter. BlackRock Inc. now owns 19,895,613 shares of the specialty chemicals company’s stock worth $653,967,000 after buying an additional 19,637,387 shares in the last quarter. Vanguard Group Inc. increased its position in Olin Corporation by 1.9% in the second quarter. Vanguard Group Inc. now owns 14,685,258 shares of the specialty chemicals company’s stock worth $444,670,000 after buying an additional 274,853 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Olin Corporation by 5.1% in the second quarter. TIAA CREF Investment Management LLC now owns 8,039,915 shares of the specialty chemicals company’s stock worth $243,449,000 after buying an additional 386,791 shares in the last quarter. Iridian Asset Management LLC CT increased its position in Olin Corporation by 28.0% in the second quarter. Iridian Asset Management LLC CT now owns 7,098,169 shares of the specialty chemicals company’s stock worth $214,933,000 after buying an additional 1,553,430 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Olin Corporation by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 3,257,411 shares of the specialty chemicals company’s stock worth $98,635,000 after buying an additional 80,641 shares in the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

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Shares of Olin Corporation (OLN) traded up 1.96% during trading on Tuesday, reaching $29.18. 1,749,672 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $30.33 and a 200 day moving average price of $30.70. Olin Corporation has a 12 month low of $18.24 and a 12 month high of $33.88. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 113.54 and a beta of 1.43.

Olin Corporation (NYSE:OLN) last posted its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.15. Olin Corporation had a return on equity of 5.80% and a net margin of 0.72%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, analysts forecast that Olin Corporation will post $1.14 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.74%. Olin Corporation’s dividend payout ratio is currently 320.00%.

About Olin Corporation

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

Analyst Recommendations for Olin Corporation (NYSE:OLN)

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