R Nichole Sumner Sells 4,750 Shares of Olin (NYSE:OLN) Stock

Olin Corporation (NYSE:OLN) VP R Nichole Sumner sold 4,750 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $22.49, for a total value of $106,827.50. Following the completion of the sale, the vice president directly owned 24,771 shares of the company’s stock, valued at $557,099.79. The trade was a 16.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Olin Stock Down 7.0%

Shares of Olin stock traded down $1.79 during trading on Thursday, reaching $23.65. The company had a trading volume of 2,071,195 shares, compared to its average volume of 3,550,787. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -62.42, a price-to-earnings-growth ratio of 8.09 and a beta of 1.64. The firm’s fifty day moving average is $21.91 and its 200-day moving average is $22.10. Olin Corporation has a fifty-two week low of $17.66 and a fifty-two week high of $28.77. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.81 and a current ratio of 1.35.

Olin (NYSE:OLN) last issued its earnings results on Thursday, January 29th. The specialty chemicals company reported ($0.58) earnings per share for the quarter, hitting the consensus estimate of ($0.58). Olin had a negative return on equity of 0.47% and a negative net margin of 0.63%.The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts anticipate that Olin Corporation will post 1.38 EPS for the current year.

Olin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $0.20 per share. The ex-dividend date was Friday, November 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.4%. Olin’s dividend payout ratio (DPR) is -210.53%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OLN. Strategic Advocates LLC purchased a new position in shares of Olin in the third quarter worth $25,000. Evelyn Partners Investment Management LLP lifted its stake in shares of Olin by 6,360.0% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 1,615 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 1,590 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Olin in the first quarter valued at about $32,000. Bessemer Group Inc. boosted its holdings in shares of Olin by 712.7% in the 3rd quarter. Bessemer Group Inc. now owns 1,341 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 1,176 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Olin by 114.0% in the third quarter. Allworth Financial LP now owns 1,740 shares of the specialty chemicals company’s stock worth $43,000 after acquiring an additional 927 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OLN has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Olin from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Zacks Research lowered Olin from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. UBS Group set a $21.00 price target on Olin in a report on Monday. BMO Capital Markets reduced their price objective on Olin from $25.00 to $24.00 and set a “market perform” rating for the company in a research report on Tuesday. Finally, Citigroup decreased their price target on shares of Olin from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.86.

Olin Company Profile

Olin Corporation is a diversified manufacturer specializing in chemical products and ammunition. The company’s core business activities encompass the production and distribution of chlor-alkali products, epoxy resins and derivatives, and small-caliber ammunition under the Winchester brand. Olin’s chemical operations supply chlorine, caustic soda and related co-products to a wide range of end markets, including water treatment, pulp and paper, pharmaceuticals and general industrial applications.

In its Chlor Alkali Products & Vinyls segment, Olin operates multiple manufacturing facilities that produce chlorine and sodium hydroxide, along with vinyl chloride monomer and polyvinyl chloride (PVC) compounds.