15,126 Shares in Olin Co. (NYSE:OLN) Bought by Graham Capital Management L.P.

Graham Capital Management L.P. bought a new position in shares of Olin Co. (NYSE:OLN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,126 shares of the specialty chemicals company's stock, valued at approximately $511,000.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd lifted its position in shares of Olin by 45.8% during the fourth quarter. Covestor Ltd now owns 1,334 shares of the specialty chemicals company's stock worth $45,000 after acquiring an additional 419 shares in the last quarter. Spire Wealth Management lifted its position in shares of Olin by 246.8% during the fourth quarter. Spire Wealth Management now owns 1,616 shares of the specialty chemicals company's stock worth $55,000 after acquiring an additional 1,150 shares in the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of Olin during the fourth quarter worth $66,000. Jones Financial Companies Lllp lifted its position in shares of Olin by 59.9% during the fourth quarter. Jones Financial Companies Lllp now owns 2,431 shares of the specialty chemicals company's stock worth $82,000 after acquiring an additional 911 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Olin by 34.3% during the fourth quarter. Blue Trust Inc. now owns 2,887 shares of the specialty chemicals company's stock worth $98,000 after acquiring an additional 738 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OLN. Royal Bank of Canada decreased 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. KeyCorp lowered their target price on shares of Olin from $40.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Barclays dropped their target price on shares of Olin from $34.00 to $28.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Citigroup lowered their price objective on shares of Olin from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Finally, Piper Sandler reduced their target price on Olin from $33.00 to $26.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $28.07.

Olin Trading Down 2.2%

NYSE OLN traded down $0.46 during trading on Monday, hitting $20.67. 1,193,928 shares of the company's stock traded hands, compared to its average volume of 1,605,198. The firm has a market cap of $2.38 billion, a P/E ratio of 22.97 and a beta of 1.56. Olin Co. has a 12-month low of $17.66 and a 12-month high of $56.98. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 0.77. The stock has a fifty day moving average of $22.20 and a two-hundred day moving average of $29.93.

Olin (NYSE:OLN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.14. The company 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 firm's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. As a group, sell-side analysts expect that Olin Co. will post 1.38 EPS for the current year.

Olin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.87%. Olin's payout ratio is presently 156.86%.

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.