Olin Co. (NYSE:OLN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Olin Co. (NYSE:OLN - Free Report) by 78.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,375 shares of the specialty chemicals company's stock after selling 19,449 shares during the period. SG Americas Securities LLC's holdings in Olin were worth $290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OLN. HighTower Advisors LLC raised its holdings in Olin by 10.4% during the 1st quarter. HighTower Advisors LLC now owns 7,760 shares of the specialty chemicals company's stock valued at $407,000 after acquiring an additional 728 shares during the period. Private Advisor Group LLC purchased a new position in shares of Olin in the first quarter valued at $230,000. Acadian Asset Management LLC bought a new stake in shares of Olin during the 1st quarter valued at $53,000. Great West Life Assurance Co. Can lifted its holdings in Olin by 8.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 82,375 shares of the specialty chemicals company's stock worth $4,437,000 after purchasing an additional 6,589 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in Olin by 5.8% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 4,714 shares of the specialty chemicals company's stock worth $246,000 after purchasing an additional 259 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on OLN. Citigroup upped their price target on Olin from $63.00 to $67.00 and gave the company a "buy" rating in a research report on Wednesday. Royal Bank of Canada increased their target price on shares of Olin from $58.00 to $64.00 and gave the stock an "outperform" rating in a research note on Monday, January 29th. UBS Group raised their price target on shares of Olin from $56.00 to $58.00 and gave the company a "neutral" rating in a report on Friday, January 26th. Stifel Nicolaus upped their price target on shares of Olin from $65.00 to $66.00 and gave the stock a "buy" rating in a report on Monday, January 29th. Finally, The Goldman Sachs Group lifted their price objective on Olin from $55.00 to $61.00 and gave the company a "neutral" rating in a research note on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $59.00.

Olin Price Performance

OLN traded down $2.31 during midday trading on Wednesday, hitting $56.41. The stock had a trading volume of 880,373 shares, compared to its average volume of 1,048,589. Olin Co. has a 1 year low of $41.71 and a 1 year high of $60.60. The company has a market cap of $6.75 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 0.32 and a beta of 1.44. The business has a fifty day moving average of $54.98 and a 200 day moving average of $51.12. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.73 and a current ratio of 1.29.

Olin (NYSE:OLN - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.10. Olin had a return on equity of 18.44% and a net margin of 6.74%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, equities analysts forecast that Olin Co. will post 3.75 earnings per share for the current fiscal year.

Olin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, March 7th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.42%. Olin's dividend payout ratio (DPR) is currently 22.60%.

Insider Buying and Selling

In related news, CEO Scott Mcdougald Sutton sold 539,328 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $53.96, for a total transaction of $29,102,138.88. Following the sale, the chief executive officer now directly owns 47,620 shares of the company's stock, valued at approximately $2,569,575.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Brett A. Flaugher sold 15,000 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $52.46, for a total value of $786,900.00. Following the completion of the sale, the vice president now directly owns 8,782 shares in the company, valued at approximately $460,703.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott Mcdougald Sutton sold 539,328 shares of Olin stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $53.96, for a total value of $29,102,138.88. Following the transaction, the chief executive officer now owns 47,620 shares in the company, valued at $2,569,575.20. The disclosure for this sale can be found here. Insiders have sold 753,274 shares of company stock valued at $40,434,124 over the last quarter. Corporate insiders own 1.80% of the company's stock.

Olin 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.