Olin Corporation (NYSE:OLN) Given Consensus Rating of "Hold" by Analysts

Olin Corporation (NYSE:OLN - Get Free Report) has received an average recommendation of "Hold" from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $27.80.

A number of equities research analysts have recently commented on the company. Piper Sandler dropped their price target on Olin from $33.00 to $26.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Mizuho set a $23.00 target price on shares of Olin in a report on Tuesday, April 15th. KeyCorp cut their price target 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. Royal Bank Of Canada reduced their price target on shares of Olin from $28.00 to $25.00 and set a "sector perform" rating for the company in a report on Monday, May 5th. Finally, Morgan Stanley dropped their price objective on shares of Olin from $28.00 to $20.00 and set an "underweight" rating on the stock in a report on Monday, May 12th.

Olin Trading Down 2.7%

NYSE:OLN traded down $0.55 during trading hours on Friday, hitting $19.81. The stock had a trading volume of 1,355,454 shares, compared to its average volume of 1,691,450. The business's 50 day moving average is $20.71 and its 200-day moving average is $25.85. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.96 and a current ratio of 1.56. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 38.84 and a beta of 1.53. Olin has a one year low of $17.66 and a one year high of $50.75.

Olin (NYSE:OLN - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.58 billion. Olin had a net margin of 0.94% and a return on equity of 3.13%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. Sell-side analysts anticipate that Olin will post 1.38 EPS for the current fiscal year.

Olin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.80 annualized dividend and a yield of 4.04%. Olin's dividend payout ratio (DPR) is presently 156.86%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp grew its stake in shares of Olin by 160.5% in the first quarter. Fifth Third Bancorp now owns 1,206 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 743 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Olin in the 1st quarter valued at about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Olin in the 1st quarter valued at about $32,000. Allworth Financial LP grew its holdings in Olin by 188.5% during the first quarter. Allworth Financial LP now owns 1,676 shares of the specialty chemicals company's stock worth $37,000 after purchasing an additional 1,095 shares during the period. Finally, Covestor Ltd grew its holdings in 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 purchasing an additional 419 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.