Insider Selling: Olin (NYSE:OLN) VP Sells $126,660.00 in Stock

Key Points

• Teresa M. Vermillion, VP of Olin Corporation, sold 6,000 shares of the company's stock for $126,660, reducing her ownership by 25.86% to 17,199 shares.
• Olin's recent earnings report showed a loss of $0.04 per share, missing estimates, despite quarterly revenue increasing by 7.0% to $1.76 billion.
• Analysts have adjusted Olin's price targets downward, with Royal Bank of Canada setting a new price target of $23.00, while the stock currently has a consensus rating of "Hold".

Olin Corporation (NYSE:OLN - Get Free Report) VP Teresa M. Vermillion sold 6,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $21.11, for a total value of $126,660.00. Following the sale, the vice president directly owned 17,199 shares in the company, valued at $363,070.89. The trade was a 25.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Olin Trading Down 0.0%

NYSE:OLN traded down $0.0040 on Wednesday, reaching $21.2860. The company's stock had a trading volume of 1,406,242 shares, compared to its average volume of 3,057,617. Olin Corporation has a 1-year low of $17.66 and a 1-year high of $49.60. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.88 and a current ratio of 1.48. The firm has a market cap of $2.44 billion, a PE ratio of -177.38 and a beta of 1.55. The business's 50-day moving average price is $20.55 and its two-hundred day moving average price is $22.19.

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

Olin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Thursday, August 28th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, August 28th. Olin's dividend payout ratio is -666.67%.

Institutional Trading of Olin

Large investors have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC raised its holdings 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 purchasing an additional 1,259,795 shares during the period. Vanguard Group Inc. increased its position 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 buying an additional 245,604 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Olin by 40.5% in the first 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 period. State Street Corp raised its stake in Olin by 1.1% in the second 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 lifted its position in shares of Olin by 14.3% in the first 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 and hedge funds own 88.67% of the company's stock.

Analysts Set New Price Targets

OLN has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of Olin from $33.00 to $25.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on Olin from $28.00 to $20.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Wall Street Zen upgraded Olin from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Mizuho decreased their price objective on Olin from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, July 29th. Finally, Wells Fargo & Company cut their target price on Olin from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Olin currently has an average rating of "Hold" and a consensus price target of $25.57.

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.