BB&T Securities LLC decreased its stake in shares of Olin Corporation (NYSE:OLN) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,152 shares of the specialty chemicals company’s stock after selling 1,374 shares during the period. BB&T Securities LLC’s holdings in Olin Corporation were worth $1,034,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in OLN. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in Olin Corporation during the first quarter valued at about $118,000. Meadow Creek Investment Management LLC increased its position in Olin Corporation by 6.9% in the first quarter. Meadow Creek Investment Management LLC now owns 4,464 shares of the specialty chemicals company’s stock valued at $147,000 after buying an additional 288 shares during the last quarter. Creative Planning increased its position in Olin Corporation by 130.8% in the second quarter. Creative Planning now owns 5,050 shares of the specialty chemicals company’s stock valued at $153,000 after buying an additional 2,862 shares during the last quarter. Neuburgh Advisers LLC increased its position in Olin Corporation by 6.9% in the first quarter. Neuburgh Advisers LLC now owns 6,138 shares of the specialty chemicals company’s stock valued at $202,000 after buying an additional 396 shares during the last quarter. Finally, Norinchukin Bank The acquired a new position in Olin Corporation during the first quarter valued at about $237,000. 92.62% of the stock is owned by hedge funds and other institutional investors.

Shares of Olin Corporation (OLN) opened at 30.85 on Tuesday. Olin Corporation has a 52-week low of $18.24 and a 52-week high of $33.88. The firm has a market capitalization of $5.13 billion, a PE ratio of 120.04 and a beta of 1.43. The stock’s 50 day moving average is $30.44 and its 200 day moving average is $30.85.

Olin Corporation (NYSE:OLN) last released its quarterly earnings data on Monday, July 31st. The specialty chemicals company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.15. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Olin Corporation had a net margin of 0.72% and a return on equity of 5.80%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. On average, equities research analysts forecast that Olin Corporation will post $1.14 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 10th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.59%. Olin Corporation’s dividend payout ratio is presently 320.00%.

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Several equities analysts have recently issued reports on OLN shares. Cowen and Company set a $39.00 price target on shares of Olin Corporation and gave the company a “buy” rating in a research note on Friday, July 28th. BidaskClub raised shares of Olin Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $35.00 price target on shares of Olin Corporation in a research note on Tuesday, May 16th. Tudor Pickering started coverage on shares of Olin Corporation in a research note on Friday, May 12th. They set a “buy” rating and a $37.00 price target for the company. Finally, Bank of America Corporation started coverage on shares of Olin Corporation in a research note on Monday, May 8th. They set a “buy” rating and a $40.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.75.

In other news, VP Stephen C. Curley sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $30.34, for a total transaction of $151,700.00. Following the sale, the vice president now owns 23,837 shares in the company, valued at $723,214.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John L. Mcintosh sold 24,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $31.54, for a total value of $756,960.00. Following the sale, the executive vice president now owns 84,391 shares in the company, valued at approximately $2,661,692.14. The disclosure for this sale can be found here. Insiders sold 45,070 shares of company stock valued at $1,407,151 over the last quarter. 2.90% of the stock is currently owned by corporate insiders.

About Olin Corporation

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

Institutional Ownership by Quarter for Olin Corporation (NYSE:OLN)

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