Olin Corporation $OLN Shares Acquired by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP increased its Olin stake by 1,601.5% in the second quarter, acquiring 198,108 additional shares for a total of 210,478 shares valued at approximately $4.17 million. Institutional investors collectively own 88.67% of Olin.
• Analyst sentiment remains cautious: Olin has a consensus “Reduce” rating and a $22.62 price target, while several firms recently lowered targets or downgraded the stock. Shares opened at $17.17, near the company’s 52-week low.
• Olin reported a quarterly EPS loss of $0.12, missing estimates by $0.25, while revenue fell 0.9% year over year to $1.74 billion. The company continues to pay a quarterly dividend of $0.20, implying an annualized yield of about 4.7%.

Engineers Gate Manager LP raised its position in Olin Corporation (NYSE:OLN - Free Report) by 1,601.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 210,478 shares of the specialty chemicals company's stock after purchasing an additional 198,108 shares during the period. Engineers Gate Manager LP owned 0.18% of Olin worth $4,172,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of OLN. Values First Advisors Inc. grew its stake in Olin by 3.4% during the 1st quarter. Values First Advisors Inc. now owns 12,909 shares of the specialty chemicals company's stock valued at $384,000 after acquiring an additional 425 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Olin by 10.6% during the 4th quarter. Covestor Ltd now owns 5,189 shares of the specialty chemicals company's stock worth $108,000 after purchasing an additional 497 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Olin by 2.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 23,302 shares of the specialty chemicals company's stock valued at $693,000 after purchasing an additional 500 shares in the last quarter. First Citizens Bank & Trust Co. grew its position in shares of Olin by 2.0% in the first quarter. First Citizens Bank & Trust Co. now owns 31,230 shares of the specialty chemicals company's stock valued at $928,000 after purchasing an additional 609 shares in the last quarter. Finally, FORA Capital LLC increased its holdings in shares of Olin by 2.6% in the second quarter. FORA Capital LLC now owns 24,453 shares of the specialty chemicals company's stock valued at $491,000 after purchasing an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Trending Headlines about Olin

Here are the key news stories impacting Olin this week:

• Positive Sentiment: KeyCorp initiated coverage with an “overweight” rating and a $26 price target, implying approximately 51.4% upside from the referenced $17.17 level. The bullish call could support the shares by signaling that the analyst sees significant valuation and earnings-recovery potential. TickerReport article on KeyCorp coverage
• Positive Sentiment: Olin and Huntsman announced expiration of the Hart-Scott-Rodino waiting period for their proposed merger. Clearing this U.S. antitrust review milestone removes one regulatory hurdle and advances the transaction, although additional closing conditions and execution risks remain. Olin and Huntsman merger regulatory update
• Neutral Sentiment: Olin was highlighted among high-dividend materials companies, with a cited dividend yield of approximately 4.62%. The yield may appeal to income-focused investors, but the article presents mixed analyst views and does not identify a new dividend increase or change in company policy. Benzinga article on high-dividend materials stocks
• Negative Sentiment: KeyCorp’s projections remain cautious in the near term, calling for $0.06 EPS in the third quarter of 2026 and a $0.20-per-share loss in the fourth quarter. The current full-year consensus is a $0.68-per-share loss, underscoring continued earnings pressure despite a longer-term FY2028 estimate of $1.35 EPS.

Analysts Set New Price Targets

Several brokerages have issued reports on OLN. Wells Fargo & Company restated an "equal weight" rating and issued a $20.00 target price (down from $25.00) on shares of Olin in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Olin from $30.00 to $20.00 and set a "hold" rating on the stock in a research report on Tuesday, August 25th. Citigroup cut shares of Olin from a "neutral" rating to an "underperform" rating in a research report on Tuesday, June 30th. Weiss Ratings reissued a "sell (d)" rating on shares of Olin in a research note on Wednesday, August 19th. Finally, Bank of America lowered shares of Olin from a "buy" rating to an "underperform" rating and reduced their price target for the company from $32.00 to $21.00 in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $22.62.

Olin Trading Down 0.8%

OLN opened at $17.17 on Friday. Olin Corporation has a 52 week low of $16.73 and a 52 week high of $30.46. The business has a fifty day simple moving average of $19.52 and a 200-day simple moving average of $23.52. The firm has a market cap of $1.96 billion, a P/E ratio of -13.96 and a beta of 1.20. The company has a quick ratio of 0.87, a current ratio of 1.42 and a debt-to-equity ratio of 1.77.

Olin (NYSE:OLN - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The specialty chemicals company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.25). Olin had a negative net margin of 2.08% and a negative return on equity of 4.76%. The firm had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the firm posted ($0.01) EPS. Olin's quarterly revenue was down .9% compared to the same quarter last year. On average, equities analysts expect that Olin Corporation will post -0.68 earnings per share for the current year.

Olin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Thursday, August 27th were issued a $0.20 dividend. The ex-dividend date was Thursday, August 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.7%. Olin's payout ratio is -65.04%.

Olin Profile

Olin Corporation is a global manufacturer of chemicals and ammunition headquartered in Clayton, Missouri. The company operates through two primary businesses: Chlor Alkali Products and Vinyls and Winchester.

Olin's Chlor Alkali Products and Vinyls business produces essential chemicals including chlorine, caustic soda, hydrogen, hydrochloric acid, bleach products and related chlorinated compounds. These materials are used in water treatment, pulp and paper, construction, plastics, cleaning products and other industrial applications.

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