26,655 Shares in Olin Co. (NYSE:OLN) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new stake in Olin Co. (NYSE:OLN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 26,655 shares of the specialty chemicals company's stock, valued at approximately $901,000.

Other institutional investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its position in Olin by 5,746.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,613,796 shares of the specialty chemicals company's stock valued at $54,546,000 after purchasing an additional 1,586,192 shares during the period. Norges Bank purchased a new position in Olin in the fourth quarter valued at $47,887,000. Fuller & Thaler Asset Management Inc. increased its holdings in Olin by 11.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,543,844 shares of the specialty chemicals company's stock valued at $153,582,000 after buying an additional 467,680 shares in the last quarter. Marshall Wace LLP increased its holdings in Olin by 1,960.7% in the fourth quarter. Marshall Wace LLP now owns 344,962 shares of the specialty chemicals company's stock valued at $11,660,000 after buying an additional 328,222 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Olin by 9.1% in the fourth quarter. Millennium Management LLC now owns 3,201,233 shares of the specialty chemicals company's stock valued at $108,202,000 after buying an additional 265,745 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Olin Stock Down 0.8%

NYSE:OLN traded down $0.15 during midday trading on Friday, hitting $19.38. 1,694,351 shares of the company were exchanged, compared to its average volume of 1,619,007. The company has a fifty day simple moving average of $21.75 and a 200 day simple moving average of $29.15. Olin Co. has a fifty-two week low of $17.66 and a fifty-two week high of $54.86. The company has a current ratio of 1.27, a quick ratio of 0.77 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $2.23 billion, a PE ratio of 21.54 and a beta of 1.56.

Olin (NYSE:OLN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.14. Olin had a net margin of 1.66% and a return on equity of 5.10%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the business earned $0.40 EPS. Olin's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Olin Co. will post 1.38 earnings per share for the current fiscal year.

Olin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Thursday, May 15th. Olin's dividend payout ratio is currently 156.86%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on OLN shares. Citigroup dropped their price objective on shares of Olin from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Barclays dropped their price objective on shares of Olin from $34.00 to $28.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Royal Bank of Canada dropped their price objective on shares of Olin from $28.00 to $25.00 and set a "sector perform" rating for the company in a research note on Monday, May 5th. Morgan Stanley decreased their target price on shares of Olin from $28.00 to $20.00 and set an "underweight" rating on the stock in a report on Monday, May 12th. Finally, Mizuho set a $23.00 price target on shares of Olin in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $28.07.

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.