Capital Fund Management S.A. Has $501,000 Stock Holdings in Olin Co. (NYSE:OLN)

Capital Fund Management S.A. reduced its position in shares of Olin Co. (NYSE:OLN - Free Report) by 73.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,812 shares of the specialty chemicals company's stock after selling 40,498 shares during the period. Capital Fund Management S.A.'s holdings in Olin were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Olin by 37.7% during the third quarter. Barclays PLC now owns 125,913 shares of the specialty chemicals company's stock worth $6,042,000 after buying an additional 34,485 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Olin during the third quarter worth about $256,000. Synovus Financial Corp acquired a new stake in Olin in the 3rd quarter worth about $253,000. Franklin Resources Inc. boosted its holdings in Olin by 19.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,073,087 shares of the specialty chemicals company's stock valued at $51,015,000 after purchasing an additional 172,768 shares during the period. Finally, First Hawaiian Bank boosted its holdings in Olin by 9.0% in the 4th quarter. First Hawaiian Bank now owns 21,642 shares of the specialty chemicals company's stock valued at $732,000 after purchasing an additional 1,785 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Olin Price Performance

OLN stock traded up $0.70 during trading on Tuesday, reaching $21.59. 1,914,411 shares of the company were exchanged, compared to its average volume of 1,539,355. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 23.99 and a beta of 1.50. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 0.77. The company has a 50-day moving average of $23.74 and a two-hundred day moving average of $32.99. Olin Co. has a twelve month low of $17.66 and a twelve month high of $57.10.

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

Olin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, March 6th were given a $0.20 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.80 annualized dividend and a yield of 3.71%. Olin's dividend payout ratio is presently 88.89%.

Insider Activity

In other Olin news, CEO Kenneth Todd Lane purchased 7,250 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now owns 7,250 shares in the company, valued at $203,435. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Olin from $34.00 to $28.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Piper Sandler dropped their price objective on Olin from $33.00 to $26.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Bank of America raised Olin from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $48.00 to $40.00 in a report on Tuesday, January 14th. Mizuho set a $23.00 price target on Olin in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada downgraded shares of Olin from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $45.00 to $30.00 in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $33.25.

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.