Olin - OLN Stock Forecast, Price & News

Olin Corporation manufactures and distributes chemical products in the United States, Europe, and internationally. 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, chlorinated organics intermediates and solvents, and sodium hypochlorite. The Epoxy segment provides epoxy materials and precursors, including aromatics, such as acetone, bisphenol, cumene, and phenol, as well as allyl chloride, epichlorohydrin, and glycerin used for the manufacturers of polymers, resins and other plastic materials, and water purification; liquid and solid epoxy resins that are used in adhesives, marines, protective coatings, composites, and flooring; and converted epoxy resins and additives for use in electrical laminates, paints and coatings, wind blades, electronics, and construction. The Winchester segment offers sporting ammunition products, including shotshells, small caliber centerfire, and rimfire ammunition products for hunters and recreational shooters, and law enforcement agencies; small caliber military ammunition products for use in infantry and mounted weapons; and industrial products comprising gauge loads and powder-actuated tool loads for maintenance applications in power and concrete industries, and powder-actuated tools in construction industry. The company markets its products through its sales force, as well as directly to various industrial customers, mass merchants, retailers, wholesalers, other distributors, and the U.S. Government and its prime contractors. Olin Corporation was incorporated in 1892 and is based in Clayton, Missouri.

Olin Price Performance

Olin stock traded up $0.67 during midday trading on Friday, reaching $57.10. 2,672 shares of the stock traded hands, compared to its average volume of 1,372,646. The stock's fifty day moving average is $51.03 and its 200-day moving average is $53.54. Olin has a 12 month low of $43.02 and a 12 month high of $67.25. The stock has a market cap of $8.29 billion, a P/E ratio of 5.93, a PEG ratio of 1.74 and a beta of 1.34. The company has a quick ratio of 0.93, a current ratio of 1.44 and a debt-to-equity ratio of 0.96.

Olin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Wednesday, August 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Tuesday, August 9th. Olin's payout ratio is presently 8.41%.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com cut Olin from a "strong-buy" rating to a "buy" rating in a report on Wednesday, June 15th. UBS Group decreased their price target on Olin from $64.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, July 29th. Bank of America reduced their price objective on Olin from $81.00 to $72.00 and set a "buy" rating for the company in a research report on Tuesday, June 14th. Citigroup boosted their price target on Olin to $57.00 in a report on Tuesday. Finally, Royal Bank of Canada cut their price target on Olin from $76.00 to $70.00 and set an "outperform" rating for the company in a report on Monday, August 1st. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $67.36.

Insider Buying and Selling at Olin

In other Olin news, VP Valerie A. Peters sold 5,500 shares of the company's stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $63.93, for a total transaction of $351,615.00. Following the sale, the vice president now directly owns 4,082 shares in the company, valued at $260,962.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP R Nichole Sumner sold 9,518 shares of the firm's stock in a transaction on Friday, May 27th. The stock was sold at an average price of $64.83, for a total value of $617,051.94. Following the completion of the transaction, the vice president now owns 12,242 shares in the company, valued at approximately $793,648.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Valerie A. Peters sold 5,500 shares of the firm's stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $63.93, for a total value of $351,615.00. Following the completion of the transaction, the vice president now owns 4,082 shares of the company's stock, valued at approximately $260,962.26. The disclosure for this sale can be found here. Insiders have sold a total of 2,586,576 shares of company stock worth $158,064,019 over the last ninety days. Company insiders own 9.00% of the company's stock.