Olin Corporation $OLN Shares Purchased by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Olin Corporation by 40.5%, bringing its total ownership to approximately 5.55% of the company.
• Several other institutional investors, including Vanguard Group and Dimensional Fund Advisors, have also raised their positions in Olin, with institutional ownership now at 88.67%.
• Olin announced a quarterly dividend of $0.20 per share, reflecting a dividend yield of 3.8%, despite reporting a loss in earnings per share for the previous quarter.

Fuller & Thaler Asset Management Inc. raised its stake in shares of Olin Corporation (NYSE:OLN - Free Report) by 40.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,384,744 shares of the specialty chemicals company's stock after buying an additional 1,840,900 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 5.55% of Olin worth $154,766,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp grew its holdings in Olin by 160.5% during the 1st quarter. Fifth Third Bancorp now owns 1,206 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 743 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Olin during the 1st quarter worth $31,000. Allworth Financial LP lifted its stake in shares of Olin by 188.5% during the 1st quarter. Allworth Financial LP now owns 1,676 shares of the specialty chemicals company's stock worth $37,000 after purchasing an additional 1,095 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Olin by 183.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,645 shares of the specialty chemicals company's stock worth $63,000 after purchasing an additional 1,713 shares during the period. Finally, Summit Securities Group LLC purchased a new position in shares of Olin during the 1st quarter worth $88,000. Institutional investors and hedge funds own 88.67% of the company's stock.

Insider Buying and Selling at Olin

In related news, VP Teresa M. Vermillion sold 6,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $21.11, for a total value of $126,660.00. Following the completion of the sale, the vice president directly owned 17,199 shares in the company, valued at approximately $363,070.89. This represents a 25.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

OLN has been the topic of a number of recent analyst reports. UBS Group reduced their price target on Olin from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 29th. Morgan Stanley reduced their price target on Olin from $28.00 to $20.00 and set an "underweight" rating on the stock in a research note on Monday, May 12th. Royal Bank Of Canada reduced their price target on Olin from $25.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 3rd. The Goldman Sachs Group reduced their price target on Olin from $33.00 to $25.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Finally, Mizuho reduced their price target on Olin from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Olin currently has an average rating of "Hold" and an average target price of $25.57.

Olin Trading Up 10.0%

Shares of OLN traded up $2.0940 during trading hours on Friday, hitting $23.1240. The stock had a trading volume of 2,350,817 shares, compared to its average volume of 2,083,313. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.88 and a current ratio of 1.48. The firm has a market cap of $2.65 billion, a P/E ratio of -192.70 and a beta of 1.55. The company's fifty day simple moving average is $20.54 and its 200 day simple moving average is $22.14. Olin Corporation has a 12-month low of $17.66 and a 12-month high of $49.60.

Olin (NYSE:OLN - Get Free Report) last issued its earnings results on Monday, July 28th. The specialty chemicals company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.68 billion. Olin had a negative return on equity of 0.13% and a negative net margin of 0.21%.The company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $0.62 earnings per share. Equities research analysts forecast that Olin Corporation will post 1.38 EPS for the current fiscal year.

Olin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Thursday, August 28th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, August 28th. Olin's dividend payout ratio (DPR) is -666.67%.

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.