Olin Co. (NYSE:OLN) Director Randall W. Larrimore bought 800 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was purchased at an average price of $31.28 per share, with a total value of $25,024.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Olin Co. (OLN) opened at $32.27 on Wednesday. Olin Co. has a 52 week low of $27.79 and a 52 week high of $38.84. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 1.31. The company has a market cap of $5,233.57, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 0.97 and a beta of 1.36.

Olin (NYSE:OLN) last issued its earnings results on Tuesday, February 6th. The specialty chemicals company reported $2.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $2.45. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Olin had a net margin of 8.77% and a return on equity of 6.02%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 earnings per share. equities research analysts predict that Olin Co. will post 2.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 9th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.48%. Olin’s dividend payout ratio (DPR) is 24.69%.

OLN has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Olin from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. TheStreet upgraded shares of Olin from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. SunTrust Banks reiterated a “buy” rating and set a $46.00 price objective on shares of Olin in a research note on Monday, November 6th. Royal Bank of Canada reiterated a “buy” rating and set a $42.00 price objective on shares of Olin in a research note on Thursday, December 14th. Finally, Vertical Research upgraded shares of Olin from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $39.80.

Several large investors have recently modified their holdings of the business. Profund Advisors LLC raised its holdings in shares of Olin by 36.1% during the fourth quarter. Profund Advisors LLC now owns 32,078 shares of the specialty chemicals company’s stock worth $1,141,000 after purchasing an additional 8,510 shares during the period. MANA Advisors LLC acquired a new stake in shares of Olin during the fourth quarter worth $394,000. Centenus Global Management LP acquired a new stake in shares of Olin during the fourth quarter worth $2,135,000. Lombard Odier Asset Management USA Corp acquired a new stake in shares of Olin during the fourth quarter worth $1,023,000. Finally, Bogle Investment Management L P DE acquired a new stake in shares of Olin during the fourth quarter worth $900,000. 90.08% of the stock is currently owned by institutional investors.

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Olin Company Profile

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.

Insider Buying and Selling by Quarter for Olin (NYSE:OLN)

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