Brokerages Set Olin Corporation (NYSE:OLN) PT at $25.57

Key Points

• Olin Corporation has received a consensus recommendation of "Hold" from fourteen analysts, with one sell, ten hold, and three buy ratings. The average target price is $25.57.
• The company recently reported earnings of $0.05 per share, missing expectations of $0.09, although revenue was up 7% year-over-year at $1.76 billion.
• Olin has announced a quarterly dividend of $0.20 per share, reflecting a yield of 3.3%, with the payout scheduled for September 12th.

Shares of Olin Corporation (NYSE:OLN - Get Free Report) have earned a consensus recommendation of "Hold" from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $25.5714.

Several brokerages have recently issued reports on OLN. UBS Group dropped their target price on shares of Olin from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th. Mizuho lowered their price objective on Olin from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Barclays cut their price objective on Olin from $28.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 28th. Wall Street Zen upgraded Olin from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Royal Bank Of Canada dropped their price target on Olin from $25.00 to $23.00 and set a "sector perform" rating for the company in a research report on Thursday, July 3rd.

Olin Price Performance

OLN traded up $0.18 during trading on Friday, hitting $25.55. The company's stock had a trading volume of 3,362,589 shares, compared to its average volume of 2,141,556. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of -212.88 and a beta of 1.61. Olin has a twelve month low of $17.66 and a twelve month high of $49.60. The business's fifty day simple moving average is $21.60 and its 200 day simple moving average is $21.77. The company has a current ratio of 1.48, a quick ratio of 0.88 and a debt-to-equity ratio of 1.50.

Olin (NYSE:OLN - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The specialty chemicals company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.68 billion. Olin had a negative net margin of 0.21% and a negative return on equity of 0.13%. Olin's revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. On average, equities research analysts forecast that Olin will post 1.38 EPS for the current fiscal year.

Olin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Thursday, August 28th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, August 28th. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. Olin's payout ratio is presently -666.67%.

Insider Buying and Selling

In other Olin news, VP Teresa M. Vermillion sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $21.11, for a total value of $126,660.00. Following the transaction, the vice president directly owned 17,199 shares of the company's stock, valued at $363,070.89. This trade represents a 25.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Olin

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OLN. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Olin by 11.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,191,163 shares of the specialty chemicals company's stock worth $295,514,000 after acquiring an additional 1,259,795 shares during the last quarter. Vanguard Group Inc. raised its stake in Olin by 2.1% during the first quarter. Vanguard Group Inc. now owns 11,748,584 shares of the specialty chemicals company's stock worth $284,786,000 after purchasing an additional 245,604 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in Olin by 40.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,384,744 shares of the specialty chemicals company's stock valued at $154,766,000 after purchasing an additional 1,840,900 shares during the last quarter. State Street Corp grew its stake in shares of Olin by 1.1% in 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 buying an additional 50,309 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Olin by 14.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,546,352 shares of the specialty chemicals company's stock valued at $110,204,000 after buying an additional 569,483 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

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.