Olin Corporation (NYSE:OLN) Receives Consensus Recommendation of "Hold" from Analysts

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 received a consensus rating of "Hold" from the fourteen research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $25.5714.

A number of analysts have weighed in on the stock. Wells Fargo & Company cut their target price on shares of Olin from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 30th. Wall Street Zen upgraded shares of Olin from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. UBS Group cut 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. Citigroup cut their target price on shares of Olin from $26.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. Finally, Mizuho cut their target price on shares of Olin from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th.

Insiders Place Their Bets

In other news, VP Teresa M. Vermillion sold 6,000 shares of Olin stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $21.11, for a total transaction of $126,660.00. Following the transaction, the vice president owned 17,199 shares in the company, valued at approximately $363,070.89. The trade was a 25.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Olin

Several institutional investors have recently modified their holdings of OLN. Hotchkis & Wiley Capital Management LLC grew its position 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 valued at $295,514,000 after buying an additional 1,259,795 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Olin by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 11,748,584 shares of the specialty chemicals company's stock valued at $284,786,000 after buying an additional 245,604 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of 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 buying an additional 1,840,900 shares during the last quarter. State Street Corp grew its position 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 last quarter. Finally, Dimensional Fund Advisors LP grew its position 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 last quarter. Institutional investors own 88.67% of the company's stock.

Olin Price Performance

NYSE:OLN traded up $1.19 during mid-day trading on Friday, reaching $25.27. The stock had a trading volume of 3,081,629 shares, compared to its average volume of 2,090,593. The stock has a 50-day simple moving average of $21.35 and a two-hundred day simple moving average of $21.77. The stock has a market capitalization of $2.90 billion, a PE ratio of -210.57 and a beta of 1.61. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.48 and a quick ratio of 0.88. Olin has a 12 month low of $17.66 and a 12 month high of $49.60.

Olin (NYSE:OLN - Get Free Report) last announced its quarterly earnings data 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). Olin had a negative net margin of 0.21% and a negative return on equity of 0.13%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the business earned $0.62 earnings per share. The business's revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Olin will post 1.38 earnings per share for the current year.

Olin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Thursday, August 28th will be given a $0.20 dividend. The ex-dividend date is Thursday, August 28th. This represents a $0.80 dividend on an annualized basis and a yield of 3.2%. Olin's dividend payout ratio (DPR) is currently -666.67%.

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.