VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 63,928 Olin Corporation $OLN

Key Points

• Virginia Retirement Systems acquired 63,928 Olin shares worth approximately $1.27 million, representing about 0.06% of the company. Institutional investors collectively own 88.67% of Olin.
• Analyst sentiment remains cautious: Olin has a consensus rating of “Reduce” and an average price target of $22.62, with several firms recently lowering their targets.
• Olin reported a quarterly loss of $0.12 per share, missing expectations, while revenue fell 0.9% year over year. The company continues to pay a $0.20 quarterly dividend, yielding approximately 4.7% annually.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Olin Corporation (NYSE:OLN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 63,928 shares of the specialty chemicals company's stock, valued at approximately $1,267,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.06% of Olin as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hotchkis & Wiley Capital Management LLC increased its position in shares of Olin by 5.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 12,690,488 shares of the specialty chemicals company's stock valued at $317,135,000 after acquiring an additional 661,730 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Olin by 22.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,627,997 shares of the specialty chemicals company's stock valued at $167,311,000 after acquiring an additional 1,031,498 shares during the last quarter. State Street Corp grew its position in shares of Olin by 1.1% during the 2nd quarter. State Street Corp now owns 4,830,406 shares of the specialty chemicals company's stock valued at $97,043,000 after acquiring an additional 50,309 shares during the period. Pzena Investment Management LLC raised its holdings in shares of Olin by 17.5% in the 4th quarter. Pzena Investment Management LLC now owns 4,507,913 shares of the specialty chemicals company's stock worth $93,900,000 after purchasing an additional 671,250 shares during the period. Finally, Orbis Allan Gray Ltd grew its holdings in Olin by 448.9% during the fourth quarter. Orbis Allan Gray Ltd now owns 3,804,561 shares of the specialty chemicals company's stock valued at $79,249,000 after purchasing an additional 3,111,393 shares during the period. Hedge funds and other institutional investors own 88.67% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho boosted their target price on Olin from $23.00 to $24.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. JPMorgan Chase & Co. cut their price target on Olin from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday, June 18th. Wells Fargo & Company reissued an "equal weight" rating and issued a $20.00 price objective (down from $25.00) on shares of Olin in a report on Monday, August 3rd. Truist Financial lowered their price objective on Olin from $24.00 to $20.00 and set a "hold" rating on the stock in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada dropped their price objective on shares of Olin from $24.00 to $20.00 and set a "sector perform" rating on the stock in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $22.62.

Olin News Roundup

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.

Olin Trading Down 0.8%

NYSE:OLN opened at $17.17 on Friday. Olin Corporation has a 1 year low of $16.73 and a 1 year high of $30.46. The stock's fifty day moving average price is $19.52 and its two-hundred day moving average price is $23.52. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.42 and a quick ratio of 0.87. The company has a market cap of $1.96 billion, a P/E ratio of -13.96 and a beta of 1.20.

Olin (NYSE:OLN - Get Free Report) last posted its earnings results on Thursday, July 30th. The specialty chemicals company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the previous year, the firm earned ($0.01) EPS. The firm's quarterly revenue was down .9% compared to the same quarter last year. As a group, analysts expect that Olin Corporation will post -0.68 EPS for the current year.

Olin Dividend Announcement

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

About Olin

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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