Dimensional Fund Advisors LP Has $134.41 Million Stake in Olin Co. (NYSE:OLN)

Dimensional Fund Advisors LP lifted its holdings in Olin Co. (NYSE:OLN - Free Report) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,976,869 shares of the specialty chemicals company's stock after buying an additional 178,145 shares during the quarter. Dimensional Fund Advisors LP owned about 3.41% of Olin worth $134,413,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in OLN. Covestor Ltd increased its holdings in shares of Olin by 45.8% in the fourth quarter. Covestor Ltd now owns 1,334 shares of the specialty chemicals company's stock valued at $45,000 after purchasing an additional 419 shares in the last quarter. Spire Wealth Management boosted its position in Olin by 246.8% in the 4th quarter. Spire Wealth Management now owns 1,616 shares of the specialty chemicals company's stock valued at $55,000 after buying an additional 1,150 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Olin in the 4th quarter valued at $66,000. Jones Financial Companies Lllp raised its position in shares of Olin by 59.9% during the fourth quarter. Jones Financial Companies Lllp now owns 2,431 shares of the specialty chemicals company's stock worth $82,000 after acquiring an additional 911 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Olin by 34.3% during the fourth quarter. Blue Trust Inc. now owns 2,887 shares of the specialty chemicals company's stock valued at $98,000 after acquiring an additional 738 shares during the period. Institutional investors own 88.67% of the company's stock.

Olin Stock Performance

NYSE:OLN traded up $0.10 during mid-day trading on Thursday, hitting $21.72. The stock had a trading volume of 449,889 shares, compared to its average volume of 1,544,962. The company's 50 day simple moving average is $23.04 and its 200 day simple moving average is $32.04. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 24.18 and a beta of 1.50. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.77 and a current ratio of 1.27. 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 released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $0.09 EPS 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%. On average, equities research analysts forecast that Olin Co. will post 1.38 earnings per share for the current year.

Olin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, March 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.80 annualized dividend and a yield of 3.68%. Olin's dividend payout ratio (DPR) is presently 88.89%.

Insiders Place Their Bets

In other news, CEO Kenneth Todd Lane purchased 7,250 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average cost of $28.06 per share, with a total value of $203,435.00. Following the acquisition, the chief executive officer now owns 7,250 shares in the company, valued at approximately $203,435. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on OLN shares. Barclays cut their target price on shares of Olin from $34.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. UBS Group cut their price objective on shares of Olin from $34.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Mizuho set a $23.00 target price on shares of Olin in a report on Tuesday, April 15th. Wells Fargo & Company reduced their target price on Olin from $25.00 to $19.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Finally, Citigroup decreased their price objective on shares of Olin from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.87.

Olin 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.