Quantinno Capital Management LP Has $741,000 Stake in Olin Co. (NYSE:OLN)

Quantinno Capital Management LP boosted its position in shares of Olin Co. (NYSE:OLN - Free Report) by 200.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,923 shares of the specialty chemicals company's stock after purchasing an additional 14,632 shares during the period. Quantinno Capital Management LP's holdings in Olin were worth $741,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd grew its position in Olin by 45.8% during the 4th quarter. Covestor Ltd now owns 1,334 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 419 shares in the last quarter. Spire Wealth Management grew its position in Olin by 246.8% during the 4th quarter. Spire Wealth Management now owns 1,616 shares of the specialty chemicals company's stock worth $55,000 after purchasing an additional 1,150 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in Olin during the 4th quarter worth approximately $66,000. Jones Financial Companies Lllp grew its position in Olin by 59.9% during the 4th quarter. Jones Financial Companies Lllp now owns 2,431 shares of the specialty chemicals company's stock worth $82,000 after purchasing an additional 911 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Olin by 34.3% during the 4th quarter. Blue Trust Inc. now owns 2,887 shares of the specialty chemicals company's stock worth $98,000 after purchasing an additional 738 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OLN has been the topic of several research analyst reports. Truist Financial lowered their price target on shares of Olin from $25.00 to $24.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Wells Fargo & Company boosted their price target on shares of Olin from $19.00 to $22.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Royal Bank of Canada lowered their price target on shares of Olin from $28.00 to $25.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. Barclays lowered their price target on shares of Olin from $28.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, Piper Sandler lowered their price target on shares of Olin from $33.00 to $26.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Olin has an average rating of "Hold" and an average price target of $27.80.

Olin Stock Up 0.9%

NYSE:OLN traded up $0.19 during trading hours on Thursday, reaching $20.07. The company's stock had a trading volume of 304,762 shares, compared to its average volume of 1,616,608. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 22.27 and a beta of 1.56. Olin Co. has a one year low of $17.66 and a one year high of $54.05. The business's 50-day moving average is $21.45 and its 200-day moving average is $28.86. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 0.77.

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

Olin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Thursday, May 15th. Olin's dividend payout ratio is 156.86%.

About Olin

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.